Latvia’s Riga city council plans to sell the municipal housing company, Rigas Namu Parvaldnieks (RNP), LETA reports. Under the proposal, RNP would be reorganised and converted into a joint-stock company before the sale through a public securities offering. The plan is first to sell 51% of RNP’s shares. Individual investors would be a able to…
The chairman of the supervisory council of Latvia’s state-owned railway operator, Latvijas Dzelzcels (LDz), Andris Liepins, and council member Reinis Ceplis have resigned, LETA reports. They highlighted the strategic transformation at LDz during their tenure. Liepins and Ceplis were appointed to LDz’s council in 2019. They will serve in their positions until the end of…
Latvia’s Road Transport Administration (ATD) has signed an agreement with Czechia’s Skoda Group for the purchase of nine battery-powered electric trains, LSM reports. Skoda was the only eligible bidder for the contract, LETA reported. Under the deal, worth EUR 89.409mn, Skoda is due to deliver the BEMU trains in 2029. ATD has an option to…
Only 4% of multi-apartment houses in need of renovation in Latvia have been renovated, according to the State Audit Office (LRVK), LSM reports. Latvia has over 39,500 multi-apartment houses, of which at least 26,600 need renovation. Martins Abolins, member of LRVK’s council, noted that more than half of all multi-apartment houses in the country were…
An influenza epidemic has begun in Latvia, the Centre for Disease Prevention and Control (SPKC) announced on 8 December 2025, LETA reports. According to data from the National Microbiology Reference Laboratory (NMRL), the share of positive samples for influenza has risen sharply to 18.1%, which exceeds the epidemic threshold of 10%. SPKC reminded that vaccination…
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…
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…
The Latvian parliament, the Saeima, has approved in final reading the state budget for 2026, LSM reports. Altogether 52 MPs voted for and 42 against the budget bill. This is the current coalition government’s third budget. The government foresees annual revenues of EUR 16.1bn, which would be EUR 944.6mn more than in 2025. Budget expenditures…
