The number of nights spent in tourist accommodation increased in Estonia but decreased in Latvia and Lithuania in the first quarter of 2026, according to Eurostat data, LSM reports. The number of overnight stays in Lithuania totalled 2.05 million, which was down 12.9% from 1.78 million nights a year earlier. The decline was the biggest…
Business sentiment in Latvia was positive in the retail and services sectors, but negative in manufacturing and construction in May 2026, according to the Central Statistical Bureau (CSP), LSM reports. The retail confidence indicator stood at 3.1%, which was up 1.5 percentage points from April 2026. In services, the seasonally adjusted confidence indicator was 1.6%,…
The Latvian government needs to make a decision on the future of the country’s national airline, airBaltic, in summer 2026, Prime Minister Andris Kulbergs stated, LETA reports. Speaking in an interview with TV3, Kulbergs said that airBaltic remained a strategic state asset, but stressed that taxpayer money could no longer be the sole support for…
Latvia’s State Revenue Service (VID) has awarded the country’s largest corporate taxpayers in 2025, Baltic News reports. The largest taxpayer in the Riga region was global technology consulting company Accenture’s Latvian branch. Latvian industrial holding UPB was the largest taxpayer in Kurzeme, while optical fiber manufacturer Light Guide Optics International (Lightguide) was the largest taxpayer…
The Baltic States will procure up to 20 regional trains for the Rail Baltica railway, ERR reports. Estonia will buy 5-7 trains, Latvia up to 5 trains, and Lithuania up to 8 trains, which will operate on domestic routes only, at least initially. The trains will have around 200 seats and will run at maximum…
Lithuania’s State Defence Council (VGT) has approved a decision to buy 936 armoured vehicles from the Finnish defence group, Patria, BNS reports. President Gitanas Nauseda said that Lithuania expected that 300 of the vehicles would be delivered by 2030. He added that part of the production process would take place in Lithuania. A Patria representative…
Latvia’s Riga International Airport (RIX) posted an audited profit of EUR 4.2mn in 2025, which was up EUR 0.8mn from 2024, The Baltic Times reported. The airport’s annual net turnover totalled EUR 80.7mn, which was up 3.9% over a year. Revenue from aviation services amounted to EUR 47.3mn (up 5.4%) and from non-aviation services to…
Lithuania’s State Security Department (VSD) has warned against proposals to resume transit shipments of Belarusian fertilisers through the port of Klaipeda, BNS reports. VSD director Remigijus Bridikis noted that such a move would contravene EU sanctions without reducing security threats posed by Belarus. He stressed that the Belarusian regime had not changed its policies of…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has searched three hospitals in Riga and Valmiera in a case involving suspected fraud of EU and state budget funds, LSM reports. KNAB carried out searches in more than 17 locations across Latvia, including at the Pauls Stradins Clinical University Hospital (PSKUS) and the Traumatology and Orthopaedics Hospital…