Life satisfaction in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. Lithuanian residents said that their overall satisfaction with life stood at 7.2 out of 10 points, which was the same as the EU average and unchanged from 2023. Meanwhile, life satisfaction was 7.1 (7.2) in Estonia and…
The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
Latvia’s Consumer Rights Protection Centre (PTAC) may take the electronic moped rental company, Ride, to court for its refusal to suspend operations as ordered, LSM reports. Earlier, PTAC told Ride to halt its rental service after two teenagers riding the company’s vehicle died in a traffic accident in Riga. Linda Rinkule, deputy director of PTAC,…
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…
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…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…
Almost a third of consumers in Latvia still pay in cash, according to a report from financial technology platform Adyen, Labs of Latvia reports. The data showed that 29% of Latvian consumers prefer to pay in cash. Around a third of those aged 30 and those aged 60 as well as a quarter of 20-year-olds…
People in Latvia are more optimistic about their financial situation, according to a new SKDS poll for Luminor Bank conducted in December 2024, Baltic News Network reports. The survey showed that 42% of respondents expected their financial situation to improve in 2025, with 22% expecting much better and 21% slightly better finances. Meanwhile, 24% of…
Estonia’s Climate Ministry has proposed amendments to exempt electricity storage facilities from double fees as of the beginning of 2026, BNS reports. Under the amendments, renewable energy and grid transmission fees for storage equipment would only be charged on net consumption for the calendar month. Owners of storage devices would thus only pay for the…