A new trader will start offering electricity to households, and a new player is also ready to conquer the pension market. The pellet manufacturer’s joy is overshadowed by danger.
These and other events of the past week have been collected and presented to the readers by “Delfi Bizness”.
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A new player is entering the household electricity market
Foto: Unsplash
The company AS “Virši-A” has started offering electricity to households, according to the company’s announcement “Nasdaq Riga”.
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Pellet manufacturer on events in the market last year: the threat overshadows the joy of millions of profits
Foto: Shutterstock
Last year was financially successful for the producer of wood pellets SIA “Kurzemes granulas” – a profit of several million euros was achieved. The turnover of the company increased by 55.3%, while the profit increased 7.9 times compared to the previous year.
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Customers of Latvia’s largest banks were defrauded of large sums of money
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According to data released by the Financial Industry Association, customers of Latvia’s four largest banks were defrauded of a total of 6.956 million euros in eight months this year, confirming payments themselves.
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When the heating season begins, there may be unpleasant surprises
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Although the prices of energy resources have decreased recently, this heating season may start with unpleasant surprises and empty wallets – heat tariffs have decreased in many Latvian cities and towns, but the decrease is less than the decrease in gas or electricity prices.
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Sweden’s economy is in trouble. The weakening of the krona will also affect Estonia
Photo: Reuters/Scanpix/LETA
The exchange rate of the Swedish krona continues to weaken, and there is no hope for an increase in the near future. This could also cause complications for Estonian companies, including the tourism industry, reports the neighboring country “Delfi Arileht”.
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There will be hard work ahead. The Baltics are in the focus of ‘PayPal’
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Although PayPal is still the dominant provider of online payment services, competitors are nipping at their heels, so it is necessary to think about how to improve the services provided to customers and introduce something new.
The company needs new markets and customers to prove to investors that its business model can work. As Efi Dahans, head of Central and Eastern Europe of PayPal, emphasizes in a conversation with “Delfi Bizness”, his focus right now is on the Baltics, because there is a strong environment for start-ups here, who think more broadly and for whom the local market alone is not enough.
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Pensions will soon be indexed – what you need to know about it
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In Latvia, every year in the autumn – on October 1 – the amount of pensions is reviewed by pension indexation.
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What you need to know about the reduction of electricity distribution tariffs
Photo: Pixabay
On September 21, in the final reading, the Saeima approved the amendments prepared by the Ministry of Climate and Energy to the Law on Measures to Reduce the Extreme Increase in Energy Prices. The amendments envisage a reduction of the fixed fee part of the electricity supply tariff (power maintenance fee) for individuals by 60% in the period from September 1 to December 31, 2023, compensating the costs from the state budget and JSC “Latvenergo” dividends.
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A huge amount of funds belonging to Western companies is “stuck” in Russia
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Western companies that continue to operate in Russia after its invasion of Ukraine made nearly $20 billion worth of profits in that country last year, but the Kremlin has restricted these companies’ access to money in an effort to “tighten the screws” on “unfriendly” countries, writes the Financial Times. .
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The job advertisement promises a salary from 2 to 10 thousand euros. How to understand that?
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Often, in job advertisements in Latvia, the vacancy provider does not indicate the exact salary, but rather the salary range, which can also be quite wide. For example, in the advertisement of a credit institution, the salary for the position of customer relations manager is indicated from 2,000 to 10,000 euros gross.
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2023-09-23 09:00:04
#week #economy #pellets #scandals #huge #sums #defrauded #news #pensions #electricity #market
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