Housing prices in Latvia increased by 6.7% in the second quarter of 2025, compared to the same period of 2024, according to Eurostat data, LSM reports. Compared to the first quarter of 2025, housing prices rose by 3.2%. The increase in housing prices in Latvia was higher than the EU average, according to Eurostat’s House…
Latvia’s Consumer Rights Protection Centre (PTAC) will fine the electronic moped rental company, Ride, for failing to suspend operations as requested, LETA reports. PTAC told Ride to suspend operations after two teenage girls riding the company’s moped died when they were hit by a train in Riga. The consumer rights authority concluded that Ride had…
Employee optimism about wage growth is waning in the Baltic States, according to Citadele Bank’s Purchasing Barometer survey in August 2025, BNS reports. The survey showed that 15% of Lithuanian workers expect a pay rise in the next three months, compared to 12% in Latvia and just 6% in Estonia. Meanwhile, 10% of workers in…
Latvia’s state-owned postal service provider, Latvijas Pasts, has resumed accepting letters for delivery to the US, LSM reports. Customers can thus again send standard, registered, and trackable letters to the US. However, deliveries of parcels and small packages remain suspended. Latvijas Pasts, in cooperation with the Universal Postal Union, continues to work out how to…
Latvia’s Consumer Rights Protection Centre (PTAC) has suspended the operations of the electronic moped rental company, Ride, following an accident resulting in the deaths of two teenage girls in Riga, LSM reports. The company insisted that the decision was unjustified and said it was considering a legal challenge. PTAC suspended the service to prevent minors…
Lithuanians are the most active savers in the Baltic States, according to a September 2025 poll for Luminor Bank, The Baltic Times reports. In the survey, 23% of Lithuanians, 17% of Estonians, and 14% of Latvians said that they were able to save more than 10% of their income regularly. As many as 43% of…
The Foreign Investors Council in Latvia (FICIL) has called for reforming the country’s labour laws, LSM reports. FICIL said that Latvia’s labour market faced “growing structural challenges”, which it said were “driven by demographic decline, a mismatch between labour skills and market needs, and outdated regulations.” The business lobby group called for reforms to “enhance…
The most loved brand in the Baltic States is the Swedish banking group, Swedbank, according to the Baltic Brand Forum 2025 survey, The Baltic Times reports. Lithuanian supermarket chain Maxima ranked second, followed by Estonia’s state-owned logistics group, Omniva, and German supermarket chain Lidl. The top four ranking remained unchanged from 2024. US technology company…
The Latvian parliament, the Saeima, has approved in final reading a law on setting up anti-mobility infrastructure along the country’s eastern border, LSM reports. Altogether 75 MPs voted in favour and 12 against the law. Latvia will build anti-tank ditches, obstacles, storage facilities, and other technical solutions over an area of around 2,000 hectares in…