Latvia: KNAB searches Sigulda municipal council in criminal probe

Latvia’s Corruption Prevention and Combating Bureau (KNAB) has conducted a search at the Sigulda municipal council as part of ongoing criminal proceedings, LETA reports. Municipal spokespersons refused to disclose more details, however. According to sources, one municipal councillor and a local businessman were implicated in the criminal investigation. LTV reported that the investigation was looking…

Read More

Latvia: Economy Minister, business delegation visit South Korea

Latvia’s Economy Minister, Ilze Indriksone, visited South Korea together with a delegation of Latvian entrepreneurs, LSM reported. She suggested that Latvia could become a gateway to the European market for South Korea. Also, the two countries could cooperate on technology transfer in strategic industries, biotechnology, and biomedicine, Indriksone said. She noted that South Korea was…

Read More

Latvia: Gas distributor Gaso’s change of ownership registered

Latvia’s gas distribution system operator, Gaso, has registered its change of ownership in the country’s commercial register, GlobeNewswire reports. Under a deal signed in April 2023, Estonian privately-owned gas company Eesti Gaas (Elenger) acquired 100% of Gaso’s shares from Latvian gas company Latvijas Gaze for EUR 122mn. Gaso is Latvia’s only natural gas distribution operator.

Read More

Latvia: Development/For party alliance changes name to PLI

The Latvian alliance of liberal political parties, Development/For, has changed its name to PLI, LETA reports. Miks Celmins, executive chairman of Movement For, said that PLI’s initials stood for the three parties that formed the alliance: Movement For (Kustiba Par), For Latvia’s Development (Latvijas Attistibai), and Growth (Izaugsme). Celmins said that PLI would not coordinate…

Read More

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…

Read More