Central banks are committed to raising interest rates in order to fight inflation. In a discussion held by the Latvian central bank (Bank of Latvia) on Monday, October 17, experts will look at how this decision will affect households and businesses, and whether the Latvian economy can withstand a combination of high inflation and interest rate rises. The expert discussion is streamed live on LSM, and you can watch it below this story.
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State support for fuels such as briquettes, pellets and firewood does not have a significant impact on the market and the prices of these fuel sources, but the prices drive up the production costs, as well as the increased demand for wood fuel, according to experts asked by Latvian Radio, who said that Latvia's fuel resources are sufficient.
The development of solar parks in Latvia has gained momentum in the last two years, and in the near future, the first solar parks that are currently under development will begin to bear fruit. The interest in developing solar parks in Latvia is shown by both local and foreign investors. Competition for free capacity is huge because grid capacity is exhausted, Latvian Radio reported on September 13.
The insulation of multi-apartment buildings has finally taken off in Latvia. The incentive factors are the fact that the planning period, which started in 2014, is coming to the finish line, and the rapid jump in energy prices makes people consider insulation to save on energy bills, Latvian Radio reported on August 17.
The housing market is currently hot: demand for both rental and property purchases is well above supply. Those seeking new rental housing have to make a considerable effort to get a reasonable price, whereas those who want to buy housing have to take into account the high demand and prices that come with it, Latvian Radio reported on August 10.
Concerns about adequate amounts of natural gas have intensified. The government has so far comforted the public that there will be enough gas for all, but the Minister for Economics Ilze Indriksone (National Alliance) has already mentioned that only households and strategically important companies will certainly have enough gas, Latvian Radio reported August 2.
With the introduction of the so-called 'live queue' system at offices of the Department of Citizenship and Migration Affairs (PMLP), the number of clients being served has increased significantly, and the lines are no longer as long as they were at the beginning of summer, when people were accepted by appointment only, according to a PMLP spokeswoman.
With the decision of the National Electronic Mass Media Council (NEPLP) to ban the broadcasting of all television channels registered in Russia, which were available to Latvian viewers until now, cable operators are worried about a potential piracy boom, given the information vacuum for the Russian-speaking audience, Latvian Radio reported on June 14.