The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
The Latvian parliament, the Saeima, has approved amendments to introduce a reduced 12% value-added tax rate on selected basic food products in 2026, LETA reports. Under the amendments, the lower VAT rate will apply to various bread products, milk, poultry meat, and eggs. The reduced VAT will apply from 1 July 2026 to 30 June…
Lithuania may suspend regular passenger services to neighbouring Belarus and Russia, Interior Minister Vladislav Kondratovic stated, BNS reports. He said that such a measure was “definitely worth considering” in response to growing security threats from Belarus. However, the question was whether the move would have any real impact on the Belarusian regime or instead only…
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…