Posts tagged as prices

Milk prices decreased by 10%-20% due to COVID-19

Thursday, June 25, 2020

During the crisis caused by COVID-19, milk procurement prices decreased on average by 10-20%, Maira Dzelzkalēja-Burmistre, Vice-Chairman of the Farmers’ Saeima Board, told Latvian Television on June 25. COVID-19 has not affected the agricultural sector significantly in Latvia, with the exception of the dairy sector. Milk prices declined by 10% to more than 20% and still have not returned to normal levels. “[Milk prices have declined] very differently. As always in…

Housing market prices stable, short-term rental cheaper

Thursday, June 25, 2020

Prices in real estate market are currently stable, whereas rental market, especially short-term, has seen a negative trend, Latvian Radio reported on June 24. As opposed to housing prices falling dramatically as they did after the previous crisis, prices on the market are now stable. The main changes are in the rental market: short-term rental stopped due to the lack of tourists and prices have fallen. Interest in small houses and…

Beverage prices to increase with deposit system

Monday, June 15, 2020

After introduction of the deposit system, prices are expected to grow by ten per cent, Latvian Radio reported on June 15. The introduction of the beverage packaging deposit system enters the finishing stage this week. The parties concerned are delivering final suggestions on the Cabinet regulations developed by the Ministry of Environmental protection and Regional Development. It is known that the items included packaging deposit system (i.e., beverages in cans…

Fuel retailers have increased their prices in Estonia

Saturday, May 30, 2020

Price per liter of 95-octane petrol increased from €1.149 to 1.179 on Thursday, May 29. For three weeks, the price remained on €1.149 per liter. Now, the price has increased by three cents in bigger gas stations. The price of diesel fuel has remained the same – €0.999 per liter. Board member of fuel retailer company Alexela Alan Vaht told ERR in the middle of May that the prices were…

The Bank of Lithuania approved the prices at which Ignitis Grupė will offer the buy-out of ESO shares

Tuesday, May 5, 2020

AB Energijos Skirstymo Operatorius (hereinafter – ESO and the Company), code 304151376, registered office address Aguonų g. 24, Vilnius. The total number of ordinary registered shares issued by ESO is 894,630,333; ISIN code – LT0000130023. The Ignitis Grupė informs that on 4 May 2020 the Bank of Lithuania (hereinafter – the Bank) approved the prices at which the Ignitis Grupė UAB will purchase the shares of the subsidiary ESO at the…

Fuel prices in Lithuania bottomed

Tuesday, April 21, 2020

Amid a plunge in global oil prices, fuel prices in Lithuania bottomed out in mid-April and are unlikely to go down any further, experts say. They cannot say, however, how long the prices will stay at their current low level. Economist Tadas Povilauskas of SEB says fuel prices in Lithuania hit their lowest point at around Easter and have now stabilised. “Oil prices have stayed below 30 US dollars a…

Tallinn to raise public transport ticket prices for non-residents

Wednesday, December 4, 2019

The city government of Tallinn, capital of Estonia, has submitted a draft regulation to the city council according to which the prices of Tallinn’s public transport tickets for non-residents will increase from the new year, the city government informed. Single ride tickets will be replaced by one-hour tickets. The price of a one-hour ticket bought from the bus driver will remain the same, that is two euros. Instead of the…

Gas prices to decrease by one-fifth for Lithuanian households

Friday, November 29, 2019

Natural gas prices for Lithuanian households are to fall by between 17 and 22 percent next January. The significant decrease comes in light of the cheaper LNG on the world markets and lower maintenance costs of Lithuania’s LNG terminal in Klaipėda. The National Energy Regulatory Council (VERT) approved new rates for customers of the electricity and gas supply company Ignitis on Thursday. Energy Minister Žygimantas Vaičiūnas told BNS in October…

Electricity prices rose in all three Baltic countries

Tuesday, November 12, 2019

Wholesale electricity prices rose in all three Baltic countries last week, but Lithuania registered the lowest price in the region. Week-on-week, the average electricity price rose by 7% in both Lithuania and Estonia, to 48.21 euros and 49.49 euros per megawatt-hour (MWh), respectively, and went up by 6% to 48.64 euros in Latvia, the independent electricity supplier said in a press release. Across the Nord Pool power exchange, the average…

Tobacco product prices to rise every year from 2020 to 2023 in Estonia

Wednesday, September 18, 2019

Taxes on tobacco products will increase from January 2020 if plans put forward by the Ministry of Finance are implemented later this year. The new legislation will see tobacco excise increase by 5 percent each year instead of a 10 percent increase in total from 2021 to 2023. If agreed by the Riigikogu before the end of this year, in 2020 the excise tax on a pack of cigarettes will…