Survive without going into debt / Day

The rapid increase in energy prices caused by the Covid-19 pandemic and Russia’s invasion of Ukraine, the introduction of various sanctions and high inflation have a negative impact on the economic environment. Residents and businesses are starting to feel it now and will continue to feel it more negatively in the coming year.

“Initially, these processes have an impact on sales volumes, later it is also felt in the payment discipline,” states Creditreform Latvia Information services manager Māra Meiere.

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