The Latvian government plans to raise the personal income tax (PIT) for those with high income in 2025, LETA reports. Under the plan, the government will introduce an additional 3% PIT rate for those with income of over EUR 200,000 per year. The additional tax will apply to all taxable income, including capital gains. At…
Latvia’s State Border Guard (VRS) has procured high-power speaker devices meant for psychological deterrence, LETA reports. VRS purchased the sound devices from Lithuania’s NT Service for around EUR 150,000. VRS has deployed the devices to Latvia’s eastern border to deter the illegal entry of large groups of people into the country. The non-lethal devices can…
The crash of a Russian attack drone in eastern Latvia on 7 September 2024 has raised concerns about the ability of Baltic air defence systems to protect civilians from unexpected aerial threats, The Baltic Sentinel reports. Critics questioned why the drone, which was equipped with explosives, was not shot down but was instead allowed to…
The Latvian parliament, the Saeima, has passed amendments mandating the country’s largest banks to provide in-person customer service and to maintain a network of ATMs outside big cities as of 2026, LSM reported. The new rules will apply to Swedbank, SEB, Citadele, and Luminor. Currently, the big banks have no permanent customer service points in…
The Latvian parliament, the Saeima, is discussing proposed amendments that would stop recognising Russian education certificates obtained after Russia launched its full-scale invasion of Ukraine, LSM reports. Under the amendments proposed by the opposition National Alliance, education certificates issued in Russia after 24 February 2022 would no longer be recognised in Latvia. National Alliance MPs…
The Latvian government is unlikely to satisfy the Health Ministry’s request for EUR 153.3mn of additional funding for hospitals in the 2025 state budget, LSM reports. Health Minister Hosams Abu Meri said that the money was needed for human resources, medicines, infrastructure, emergency services, digitalisation, and data security. However, the government has listed external and…
Ukraine’s ambassador to Latvia, Anatolii Kutsevol, has asked the Latvian parliament, the Saeima, to pass a law to ban twin town agreements between Latvian municipalities and local governments in Russia and Belarus, LSM reports. In a letter to the parliament’s committee on public administration and local government, Kutsevol argued that such forms of cooperation were…
Latvia’s Central Election Commission (CVK) has proposed introducing new paper ballots for the municipal elections in summer 2025, LSM reports. The State Regional Development Agency (VRAA), which is in charge of the country’s voting system, notes that the existing paper ballots can be confusing for voters. CVK said that the new ballots would be simpler…
The financial regulatory authorities of the eight Nordic and Baltic countries have conducted a financial crisis simulation exercise under the Nordic Baltic Stability Group framework, ERR reports. The exercise was aimed at testing preparedness for a potential crisis situation, including in communication, information sharing, and collaboration between the authorities. Around 450 participants representing Nordic, Baltic,…