The Latvian parliament, the Saeima, has passed in final reading a new tax on local credit institutions, LETA reports. Under the new law, credit institutions registered in Latvia and branches of foreign credit institutions will have to make quarterly solidarity contributions for the next three years. The tax will amount to 60% of their excess…
British air carrier and tour operator Jet2 will offer direct flights from Birmingham, Manchester, and Edinburgh to the Estonian capital, Tallinn, in November and December 2025, ERR reports. The company will have two flights per week on the routes, expecting to bring altogether more than 4,000 holiday-makers to Tallinn. Meanwhile, Swiss International Air Lines will…
Latvian ministers informally discussed the possibility of cancelling the Rail Baltica railway project but decided against such a move, Prime Minister Evika Silina revealed, LETA reports. Speaking in an interview with TV3, Silina said that the government concluded that abandoning the project would result in a significant loss of invested resources. Moreover, the project will…
The Foreign Ministry of Georgia summoned the Estonian and Lithuanian ambassadors and the Latvian chargé d’affaires to express its concern over plans to impose sanctions on senior Georgian government officials, Agenda.ge reports. The ministry said that the plans amounted to “interference in Georgia’s internal affairs.” Earlier, the Baltic foreign ministers announced sanctions against several Georgian…
The first ship carrying Latvia’s strategic oil reserves arrived at the Freeport of Riga on 2 December 2024, the Ministry of Economy announced, LETA reports. Economy Minister Viktors Valainis said that the state would purchase 20% of the required reserves annually. The state would thus be in possession of 100% of the oil reserves in…
The Latvian government has approved new regulations under which transport and related infrastructure, signs, and information must be in Latvian and, if needed, in another official EU language, LSM reports. The new rules will thus preclude such signs in Russian. Justice Minister Inese Libina-Egnere said that the new rules would create a more attractive environment…
Latvia needs to set a maximum price cap on the Rail Baltica railway project, Prime Minister Evika Silina stated, LETA reports. Speaking at a meeting of a parliamentary committee of inquiry on the project, Silina stressed that the biggest problem right now was funding. She said that the Ministry of Transport was “painting visions” and…
The defence committee of the Latvian parliament, the Saeima, has approved President Edgars Rinkevics’s nomination of Brigade General Kaspars Pudans as the next commander of the Latvian National Armed Forces (NBS), LETA reports. Pudans emphasised the need to develop Latvia’s defence capabilities further. Currently, Pudans serves as commander of the Latvian National Guard (LRZS). He…
Baltic and Canadian foreign ministers met in the Latvian capital, Riga, on 2 December 2024, European Interest reported. The ministers discussed transatlantic relations as well as regional and global security and cooperation. Latvian Foreign Minister Baiba Braze stressed that containing Russia and providing strong support to Ukraine were essential for the long-term interests of transatlantic…