Estonia’s state-owned national air carrier, Nordica, may lose its main partner, Sweden-based Scandinavian Airlines (SAS), ERR reports. Nordica provides operational services under the Xfly brand, and SAS has been Nordica’s largest client. However, SAS has now signed a long-term cooperation agreement with Sweden’s Braathens Regional Airlines (BRA). Sander Salmu, deputy secretary general for mobility at…
US technology company Google has removed altogether 18 Belarusian radio and TV channels from its YouTube video platform following a request from the Radio and Television Commission of Lithuania (LRTK), BNS reports. LRTK said that the accounts were directly linked to the Belarusian state broadcaster, Belteleradiocompany (BTRC), which is under EU sanctions. LRTK had made…
Latvia’s national air carrier, airBaltic, may gain a new strategic investor either before or after the company’s planned IPO, according to CEO Martin Gauss, LETA reports. The company expects to announce the IPO in the second half of 2024 or in 2025. The goal is to raise EUR 300mn on the stock exchange, ERR reports….
The Latvian government should keep the VAT rate on locally grown fresh fruit, berries, and vegetables reduced at 12% in the coming years as well, Agriculture Minister Armands Krauze stated, BNS reports. The minister said that he would insist on maintaining the reduced VAT rate. Moreover, he argued that the lower rate should be applied…
The Estonian government will allocate EUR 2mn for state-owned rail operator Elron to open a regular passenger train connection between Tartu in southern Estonia and the Latvian capital, Riga, ERR reports. The support would allow Elron to open the new passenger service in spring 2025. Piret Hartman, Minister of Regional Affairs and Agriculture, said that the…
More than 60 Latvian companies are taking part in a large trade mission to the US led by President Edgars Rinkevics, Labs of Latvia reports. Around 80% of the companies represent the service sector. The delegation will visit three cities — Houston, San Francisco, and Denver — over 16-24 September 2024. Economy Minister Viktors Valainis…
German ferry operator TT-Line has opened a new direct ferry route between Travemünde and the Lithuanian port of Klaipeda, BNS reports, citing local newspaper Vakaru Ekspresas. The ferry will run on the route once a week. TT-Line now operates altogether seven ferries from Klaipeda: three each to Trelleborg and Karlshamn in Sweden, and now one…
Latvian President Edgars Rinkevics has submitted to the country’s parliament, the Saeima, amendments that would freeze the wages of top management in state-owned enterprises (SOE), LETA reports. Under the proposal, the wages of top executives at state and municipal companies would be frozen until the end of 2026. Rinkevics stressed that the remuneration of top…
Latvian President Edgars Rinkevics will pay a visit to the US on 17-27 September 2024, LSM reports. He will lead a Latvian trade delegation to California, visiting major technology companies, including Google, Groq, Meta, and OpenAI, as well as NASA’s Ames Research Center. Also, Rinkevics will take part in a roundtable discussion at Stanford University….