Latvia: Russian owners of Pobeda Confectionery banned from Latvia

Latvia’s Minister of Interior, Maris Kucinskis, has added three owners of the Ventspils-based confectionery producer, Pobeda Confectionery, to the list of foreigners banned from entering the country due to national security concerns, Baltic News Network reports. In March 2023, Latvia’s State Security Service (VDD) found that Russian confectionery producer Pobeda, which has the same owners…

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Latvia: LIAA to provide EUR 73mn of support to innovative SMEs

The Investment and Development Agency of Latvia (LIAA) will provide EUR 73.38mn of support from EU structural funds for small and medium-sized enterprises, LSM reports. LIAA expects the programme to support a total of 1,500 innovative businesses. The Ministry of Economy said that the support programme would help businesses developing high-value-added products in the medium-high…

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Latvia: AST to invest over EUR 500mn in electricity transmission system in 2024-2033

Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid…

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Latvia: Replacing current coalition “unnecessary”: United List

Replacing Latvia’s current coalition government was “unnecessary” and would cause chaos, Edgars Tavars, chairman of the United List’s parliamentary group, stated, LETA reports. At the same time, he insisted that expanding the government, as proposed by New Unity leader, Prime Minister Krisjanis Karins, was “legally impossible.” Tavars pointed out that Karins himself had said that…

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