The average level of consumer prices in Latvia rose by 3.8% in November 2025, compared to the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The inflation rate was mainly influenced by the rise in food and non-alcoholic beverage prices (up 5.2%) and an increase in the price…
The three Baltic States have joined Finland, Ireland, Poland, and Sweden in urging the EU to use frozen Russian assets to help Ukraine, LETA reports. The seven member states sent a joint letter to European Commission (EC) President Ursula von der Leyen and European Council President António Costa to express support for the EC’s proposal…
An overwhelming majority of Latvians are worried about their life in retirement, according to a Norstat poll for insurance company ERGO, LSM reports. The survey showed that 68% of Latvian residents were anxious about retirement, including 74% of women and 62% of men. The main causes for concern were lack of money (67%), health issues…
A company connected to a former officer of Russia’s Federal Security Service (FSB) gained access to sensitive information about Lithuania’s Klaipeda State Seaport, according to an international media investigation, BNS reports. Ukraine’s Centre of Journalistic Investigations (TsZhR), in collaboration with Lithuania’s 15min and Latvia’s TV3, found that Andrey Shkrabo, a former FSB officer, headed the…
The volume of freight carried by road and air increased in Latvia in the first three quarters of 2025, while the volume of freight carried by rail and sea decreased, according to data from the Central Statistical Bureau (CSP), LSM reports. The volume of road freight totalled 59.2 million tonnes, which was 2% more than…
The Baltic States will receive “special favour” from the United States in the future for being “model allies” who prioritise their own defence, US Secretary of Defence Pete Hegseth stated, ERR reports. The three Baltic countries have pledged to allocate 5% of their GDP to defence over the coming years. Allies that “fail to do…
French risk management company Coface’s ranking of the 50 largest companies by turnover in the Baltic States in 2024 includes 28 companies in Lithuania, 15 in Estonia, and 7 in Latvia, LETA reports. The top five companies are all from Lithuania: retail holding group Vilniaus Prekyba with a consolidated turnover of EUR 8.02bn in 2024,…
The Latvian parliament, the Saeima, has approved amendments raising the excise taxes on alcoholic beverages, tobacco products, and sweetened beverages as of 2026, BNS reports. The aim is to reduce the consumption of products that are harmful to the environment and health, LSM reports. The excise duty on strong alcoholic beverages will rise as of…
The number of passengers using public transport in Latvia continued to rise in the first three quarters of 2025, according to data from the Central Statistical Bureau (CSP), LSM reports. Land transport carried a total of 143.4 million passengers in nine months, which was 1.1% more than a year earlier. The number of passengers using…