In Q3 2022 Latvia was one of two countries in the European Union (EU) in which a GDP drop was observed, according to data published by Eurostat on Wednesday, the 7th of December. According to seasonally adjusted data, Latvia’s GDP dropped by 0.4% when compared to Q3 2021. An even bigger drop was observed in … Read more
At an EU foreign ministerial in Brussels, Minister of Foreign Affairs of Estonia, Urmas Reinsalu, proposed to change the model of support to Ukraine, increasing it fivefold from 0.2 to 1% of GDP. This is reported by Ukrinform with reference to the Estonian national broadcaster ERR. “European countries should apply a different approach, a different … Read more
© Reuters. (Reuters) – Russian fertilizer producer Uralchem-Uralkali has agreed with the Netherlands, Estonia and Belgium to supply cargoes of fertilizers stranded in those countries to Africa, TASS news agency reported on Saturday. It cited Uralchem’s head Dmitry Konyaev as saying the group was “actively working with the U.N. to organise free deliveries to Africa … Read more
The cost of living crisis, and rising energy prices, are hitting families across Europe hard. Estonia in particular is experiencing the highest levels of inflation in the eurozone, at 22.4% in October compared to 6.8% just one year ago — although there are some hopeful signs this will ease slightly. So what’s it like for … Read more
Danske Bank A/S Company announcement no 15 2022 Holmens Kanal 2 – 12DK-1092 København KTel. +45 45 14 14 00 27 October 2022 Danske Bank books an additional provision of DKK 14 billion related to the Estonia matter, which significantly impacted the financial result for the first nine months of 2022. Core banking activities … Read more
Estonia will receive €354 million in EU grants to support the phase out of oil shale, a fossil fuel, in energy production in Ida-Viru, thanks to the Territorial Just Transition Plan (TJTP) adopted by the Commission. Oil shale related companies located in this easternmost region account for over 50% of Estonia’s total greenhouse gas emissions. Estonia has … Read more
The situation is a very complex confluence of influences, primarily from outside Estonia in the current security situation, but also influenced by political decisions made domestically. Appearing on ETV politics discussion show “Esimene stuudio” Tuesday evening, Müller said that while overall the economy will contract, the picture is complicated by the rapid inflation, whose consequences … Read more
The gas storage facility at Incukalns, Latvia hold the reserves for all three Baltic States plus Finland Energy policy expert Andres Mäe told AK that: “As of Friday, [the Incukalns storage facility’s] capacity was 55 percent of the maximum volume, while the trend was downwards, meaning more natural gas is being extracted from it it … Read more