The week of the economy: the most valuable companies, the declining purchasing power of wages and hidden Russian money

This The week was filled with important economic news, including the release of the TOP101 of Latvia’s Most Valuable Companies, which revealed interesting trends.

Even if the state energy company “Latvenergo“, changes occurred in 2022 and the leading position was taken by another company.

The latest data shows that the average wage in Latvia has continued to grow, but with the rapid rise in prices, the purchasing power of wages has significantly decreased. “Delphi Bizness” has collected expert opinions on the current situation and also offers information on average wages in 20 different sectorsso that our readers can see how their salary compares to the industry average.

Discussions about AS continued this week as well.Distribution networkRates. At the end of the week the Minister of Economy Ilze Indrikson announced that the fare increase will not be as high as initially thought. Also the companies involved in the AS tariff negotiations”High voltage network” and JSC “Sadales tīkls” said earlier in the week that they had found ways to reduce the increase, but work is still ongoing. At the same time, JSC “Sadales tīkls” head Sandis Jansons informed that the company intends to divide users into two groups in the futuredepending on their electricity usage habits.

Over the course of the week, there were several reports of price hikes for various services – the increase in tariffs for mobile communications took effect on December 1, the Public Utilities Regulatory Commission informed about the increase in heat and water management tariffs in several locations in Latvia, and also reported on AS”Latvian Post“an increase in the tariffs of services from next January.

At the same time, the price increase does not hinder the development plans of the company and the retailer of electronics and household appliances “Euronics”, in order to strengthen its market position, has just invested 2 million euros in the creation of a new store. Dmitrijs Dzenis, head of SIA “Euronics Latvia”, points out in “Delfi Bizness” that “two million is really a big investment for the local scale”, so the attention will now be focused on their return.

alike Ministry of Transport has issued an air transport license to the company SIA “GetJet Airlines Latvia”. The goal of the airline is to start operations in the Latvian market of charter flights in cooperation with Latvian tour operators.