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High levels of market activity despite regional tensions and rising uncertainty relating to the war in Ukraine, an ever-more inclusive financial regulatory framework, and a blossoming energy sector are the hot topics in Latvia, according to TGS Baltic Partner Inese Hazenfusa.

In March 2022, the European Commission announced that the blending proportion of biofuels, as applied by member states, may be reduced so that less agricultural land is used for the production of biofuel feedstocks. It was clear by then that Russia’s unprovoked war in Ukraine would put pressure on the food and feed commodities markets.

The energy crisis has a pivotal role in Latvia’s political agenda, with the government focusing on investments in onshore and offshore energy projects and legislative packages to mitigate the crisis-related outcomes, according to Ellex Managing Partner Liga Merwin.

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