Hints for borrowers, a Ryanair warning and layoffs at a ride-sharing giant: Latvia’s business roundup

Delfi Bizness’ September 2 business roundup brings together the day’s main economic and corporate developments in Latvia and around the world.

The topics include cinema changes, lessons for ordinary investors from professionals, and comments from Inter Cars Latvija chief executive Kaspars Viļumsons on the less visible sides of auto-parts retail.

The roundup also covers the largest merger in Estonia’s retail sector, Ikea’s new strategy, compensation claims linked to leaked CSDD data, higher electricity prices and average wages. Other items include CleanR Industry’s planned investment of 3.3 million euros, a new proposal for BMGS creditors and a 35 million euro increase in direct-payment funding for farmers.

Delfi Bizness also reports on a European Central Bank representative’s signal ahead of the central bank’s September decision, Skandi Motors’ ninefold profit increase, a penalty for a financial giant over transactions subject to sanctions, large-scale layoffs at a ride-sharing company, a major agreement between a U.S. oil company and Venezuela, and new French charges on fast fashion.