Latvia’s Central Statistical Bureau (CSP) has begun publishing a list of Latvian companies that export goods to or import goods from Russia or Belarus, LSM reports. CSP will update the list monthly. The list now includes 170 companies, some very well-known ones, that continue to do business with Russia or Belarus in sectors that are…
The Latvian parliament, the Saeima, has approved in an extraordinary session an urgent law that allows the state to bail out the country’s ailing national airline, airBaltic, LSM reports. The law, which was rushed through parliament in just one day, will allow the government to acquire around EUR 30mn of more airBaltic bonds. Also, the…
All members of the supervisory and management boards of Latvia’s Road Traffic Safety Directorate (CSDD) have resigned, following a massive data leak at the agency, LSM reports. Earlier, President Edgars Rinkevics stated that CSDD’s management could not continue in office due to the scandal, DELFI reported. He has asked Latvia’s Prosecution Office to assess the…
A recent cyberattack against Latvia’s Road Traffic Safety Directorate (CSDD) breached the data of as many as 1.2 million people and around 200,000 companies, LETA reported. Latvia’s population totals a little over 1.8 million people, LSM noted. The attackers obtained personal and company data contained in payment receipts dating back to 2008. The compromised information…
The Latvian government has decided to extend the repayment period on a EUR 30mn emergency loan issued to the country’s national airline, airBaltic, until the end of 2026, LSM reports. The loan was due by the end of August 2026. Also, the government gave conceptual approval to buying an additional EUR 30mn of airBaltic’s bonds…
The Latvian government said that the financial situation of the country’s national airline, airBaltic, was “very serious,” LSM reports. Earlier, S&P Global Ratings lowered airBaltic’s credit rating from CCC+ to CCC- with a negative outlook, LRT reported. The agency noted that airBaltic’s had insufficient funds to cover its financial obligations and the government may not…
Latvia’s national airline, airBaltic, will reduce flights from Lithuania in winter 2026/2027, BNS reports. The company will suspend flights from Vilnius to Berlin and Dubai, and from Palanga to Tenerife. Also, airBaltic will have less flights from Vilnius to Tallinn. Edvards Dalderis, spokesman of airBaltic, insisted that the reductions were not related to the company’s…
Lithuania is making progress towards normalising relations with communist China, Juozas Olekas, speaker of the Lithuanian parliament, the Seimas, said, BNS reports. Foreign Minister Kestutis Budrys said that Lithuania’s position on China remained unchanged, stressing the need for a unified European approach as part of the EU’s common foreign and security policy. He warned that…
The director of Latvia’s Corruption Prevention and Combating Bureau (KNAB), Jekabs Straume, has announced his early retirement, effective immediately, LSM reports. Speaking in an interview with LTV, Straume said that he was retiring because he had turned 50. Straume led KNAB since June 2017 and was appointed for a second five-year term in June 2022….
