International rating agency Fitch Ratings has downgraded the long-term issuer default rating of Latvia’s national air carrier, airBaltic, from B-/Negative to CCC+, indicating “significant risks” for creditors, LETA reports. Fitch also downgraded airBaltic’s senior secured long-term notes worth EUR 380mn from B- to CCC+. The agency noted that airBaltic’s level of indebtedness was higher and financial…
Latvia’s Union of Greens and Farmers (ZZS) has called on its coalition partner, New Unity, to support withdrawing from the Council of Europe’s Istanbul Convention on combating violence against women and domestic violence, LETA reports. ZZS argued that a case of alleged inappropriate behaviour by a foreign worker towards a minor in Liepaja demonstrated that…
Latvia’s ruling coalition has failed to secure a quorum in the parliament, the Saeima, for two weeks during votes on contested bills, LETA reports. On 2 October 2025, opposition parties again broke the quorum to preempt a final vote on transposing EU directives on emission trading systems into national law. Only 48 out of 100…
Over 7,700 people in Latvia have signed a public petition against withdrawing from the Council of Europe’s Istanbul Convention on violence against women and domestic violence, LSM reports. Earlier, several parties in the Latvian parliament, the Saeima, signalled that they might vote to revoke Latvia’s ratification of the human rights treaty. The Union of Greens…
Latvia’s Consumer Rights Protection Centre (PTAC) will fine the electronic moped rental company, Ride, for failing to suspend operations as requested, LETA reports. PTAC told Ride to suspend operations after two teenage girls riding the company’s moped died when they were hit by a train in Riga. The consumer rights authority concluded that Ride had…
The three Baltic States must agree on a new financing model for the Baltic joint venture, RB Rail, which manages the Rail Baltica railway project, CEO Marko Kivila and CFO Ojars Daugavietis stressed, LETA reports. Kivila noted that RB Rail’s budget remains largely unchanged in 2025, and that the company has therefore halted hiring and…
Latvia’s Ministry of Education and Science has proposed reducing the number of advanced-level centralised exams in secondary school by one, LETA reports. Under the ministry’s proposal, graduates would be required to take five instead of six mandatory exams. At the moment, high school graduates in Latvia need to take five compulsory exams: Latvian, a foreign…
The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to…
Latvia’s National Armed Forces (NBS) intends to recruit an additional 500 professional soldiers, Baltic News Network reports. NBS plans to recruit altogether 8,000 professional soldiers over 2025. The Defence Ministry has allocated up to EUR 7.7mn of state budget funds for military staff salaries in 2025. Another EUR 6.5mn will be needed in 2026. The…