AGP Executive Report
Last update: 9 hours agoCorporate Strain: Latvia’s tax authority has frozen Amber Latvijas balzams’ accounts again after its legal-protection case ended; the producer reported a €28.28 million tax debt. Fintech Push: Latvijas Banka has issued more than 20 fintech licences this year as Latvia seeks to compete with Estonia and Lithuania; the sector has 127 companies and generated nearly €372 million in domestic turnover in 2024. Aviation and Growth: airBaltic posted a €128.2 million first-half loss despite higher revenue and passenger numbers, while Latvia is forecast to record the Baltics’ second-fastest economic growth this year. Costs and Investment: Latvia’s 3.2% inflation remains stable, but mortgage rates were the EU’s highest in August at 4.47%. Grindeks is investing €1.87 million to expand medicine-packaging capacity, and defence manufacturer Patria is expanding its Valmiera operations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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