Latvia: 60 questioned in Rail Baltica criminal probe

Latvia’s Corruption Prevention and Combating Bureau (KNAB) has questioned more than 60 people as part of a criminal investigation into the implementation of the Rail Baltica railway project, LETA reports. The Prosecutor General’s Office initiated criminal proceedings over possible unlawful actions by officials responsible for the project back in December 2024. The officials, including politicians,…

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Baltic: Estonia pushes Latvia on Rail Baltica

Estonian Prime Minister Kristen Michal urged Latvia to complete its part of the Rail Baltica railway by 2030 as agreed, ERR reported. Michal said that Estonia would “kindly pressure” Latvia with the help of EU funding. Earlier, Maris Dzelme, board chairman of Eiropas Dzelzcela Linijas (EDZL), which manages the construction project in Latvia, said that…

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Baltic: US grants USD 200mn for Baltic defence in 2026

The US Congress has approved USD 200mn in security assistance to Estonia, Latvia, and Lithuania under the Baltic Security Initiative (BSI) in 2026, ERR reports. BSI supports the independent defence capabilities and interoperability of the Baltic States. In addition, the US has allocated defence aid to the Baltic States under the Department of State’s Foreign…

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Latvia: JPMorgan to advise on Tet, LMT buyout

A consortium led by US-based JPMorgan will advise on the Latvian state’s buyout of Swedish telecommunications group Telia’s shares in the Latvian telecommunications companies, Tet and Latvijas Mobilais Telefons (LMT), BNS reports. Under the agreement, the consortium, which besides JPMorgan includes A&O Shearman, Deloitte, Hardiman Telecommunications, TEGOS, and WALLESS, will advise Latvia’s state-owned energy group, Latvenergo,…

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Latvia: Russia remains main security threat: report

Russia continued to pose the most significant threat to Latvia’s national security in 2025, according to the State Security Service’s (VDD) new report, BNS reports. VDD pointed to Russia’s actions to damage infrastructure, aggressive intelligence activities, and psychological operations to influence public opinion in Latvia. VDD expects Russia to continue its “intensive, systematic, and aggressive…

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