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Hybrid working as a new normal, increase in energy prices, Saeima elections and the Green Deal are just few of the trends that will affect the business environment in Latvia in 2022, outlines Artūrs Veics, INDUSTRA CFO and Member of the Board.
And finally, what can we do to protect ourselves from the tiger's jaws of rising energy prices and inflation? One option to hedge against rising energy prices is to buy the respective index products - wood, grain, electricity, carbon offsets, etc. If their price rises, the direct production costs for the customer will increase, but this loss will be partly offset by the increase in the index. The other option is to invest wisely in stock markets in segments of companies that benefit from rising rates. These are not the tech start-ups that have overheated in the last year, whose value is based on expectations of rapid growth and assumptions about future profitability, but the many perhaps boring but profitable "real economy" companies. Finally, rather than simply spending "cheap money", it should be invested in equipment, technology and skills to improve productivity.