
Free market competition to break the double-digit inflation
Central banks are normally cited as the entities who fix the economy by disinflation, not those who broke the market by causing inflation.
Central banks are normally cited as the entities who fix the economy by disinflation, not those who broke the market by causing inflation.
In Latvia, inflation increased by 20.8% YoY, with the annual rate at 17.3%. Disinflation likelihood is less than in the US, given the ECB delay in raising rates.
For those who are trying to understand how much money is reasonable to invest in the current conditions, Latvia offers a tailor-made agenda.
The forecasts for Latvia see a persistently high degree of uncertainty. GDP is revised downwards to 2.1%, with a 5.6% contraction in household consumption.
The winner of the auction is UAB Saulės Grąža. The total investment in development and distribution will exceed EUR 90 million.
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
The rise in relative costs and the gas storage/demand gap in Latvia will make the path rockier, thus weakening competitiveness.
Latvia’s recognitions at the last Go Global Awards underline its own achievements through innovations and technological development.
In Latvia, the second half of this year and the beginning of 2023 will see an even stronger slowdown of economic growth and energy resources.
Fintech is one of the fastest growing sectors to the Baltic, with 118 of about 400 start-ups in 2021 (+57% to 2019).