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…
Staff at Lithuania’s public broadcaster, Lietuvos Nacionalinis Radijas ir Televizija (LRT), have announced a week-long protest against a proposal to make it easier to remove the company’s director general, LRT reports. During the action, the staff will hold brief moments of silence on air. Also, journalists plan a protest rally outside the Lithuanian parliament, the…
Estonia ranks the highest in the Baltic States on the World Intellectual Property Organization’s (WIPO) Global Innovation Index in 2025, Labs of Latvia reports. Estonia ranks 16th on the global index, followed by Lithuania on 33rd place and Latvia on 41st place. The Global Innovation Index ranks the world’s 139 most innovative economies based on…
A rail link to the Latvian capital, Riga, is planned to be built in the second phase of the Rail Baltica railway project, Marko Kivila, CEO of the Baltic joint venture, RB Rail, told LETA. He noted that the Baltic States had not agreed on a timetable for the second phase yet. There would be…
All foreign nationals interacting directly with customers in Lithuania will be required to be able to communicate in Lithuanian as of 1 January 2026, LRT reports. The rule applies to both foreign employees and their employers. The Lithuanian parliament, the Seimas, approved the new regulation in October 2024. However, the exact language proficiency requirements and…
Latvia’s Consumer Rights Protection Centre (PTAC) may take the electronic moped rental company, Ride, to court for its refusal to suspend operations as ordered, LSM reports. Earlier, PTAC told Ride to halt its rental service after two teenagers riding the company’s vehicle died in a traffic accident in Riga. Linda Rinkule, deputy director of PTAC,…
Estonia needs more skilled foreign labour, Hando Sutter, CEO of the Estonian Employers’ Confederation (ETK), stated, ERR reports. Speaking on ETV, Sutter noted that Estonia’s employment rate was now one of the highest in history. At the same time, the number of births was likely to be the lowest in 100 years in 2025, he…
Several people were detained in Lithuania after smuggler balloons disrupted flights at Vilnius International Airport (VIA) overnight on 4 October 2025, LRT reports. Vilmantas Vitkauskas, director of the National Crisis Management Centre (NKVC), said that 10 of the 25 weather balloons carrying smuggled cigarettes had been found and several suspects who tried to retrieve the…
Employer and trade union groups in Estonia have begun talks on raising the minimum wage, ERR reports. Under an agreement signed in 2022, the minimum wage was to rise to 50% of the average wage by 2027. The monthly minimum wage would thus increase by about EUR 100 to just under EUR 1,000 in 2026….