Baltic: Baltics join call to use Russian assets to help Ukraine

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…

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Latvia: Parliament begins discussing state budget for 2026

The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…

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Latvia: Fitch drops airBaltic’s credit rating to CCC+

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…

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Latvia: Coalition rift over Istanbul Convention deepens

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…

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Latvia: Thousands of Latvians register support for Istanbul Convention

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…

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