The Latvian government will have to relinquish its controlling stake in the national air carrier, airBaltic, “sooner or later,” Prime Minister Evika Silina said, LETA reports. The government wants airBaltic to operate more on market principles, she stated. If airBaltic’s planned IPO fails, the government will make a “separate decision” on the company’s future, Silina…
The Latvian government has decided to launch an initial public offering (IPO) of shares in the state-owned national air carrier, airBaltic, by the end of 2024, ERR reports. Transport Minister Kaspars Briskens said that the IPO would proceed concurrently with talks with a new strategic investor, LSM reported. He said that the state only planned…
A strategic investor has shown interest in Latvia’s national air carrier, airBaltic, Transport Minister Kaspars Briskens revealed, LETA reports. He suggested that the investor could acquire a minority stake in airBaltic before the company’s possible IPO. Briskens refused to disclose the name of the potential investor. No talks are currently under way with Estonia or…
Latvia will triple the number of average speed cameras on roads, Transport Minister Kaspars Briskens announced, LSM reports. Currently, there are average speed cameras on 16 road sections. Briskens said that the situation on Latvian roads was critical. He said that the ministry would increase focus on improving road infrastructure and enforcement of speed limits….
Most drivers in Latvia routinely exceed the speed limit, creating what Transport Minister Kaspars Briskens calls a “speed pandemic,” BNS reports. A study by Riga Technical University reveals that only 29% of drivers adhere to speed limits. Reducing the average speed by 2 kmph could save 20 lives. Briskens said he would push for increasing…
Members of the supervisory council of Latvia’s state-owned passenger train operator, Pasazieru Vilciens (Vivi), have resigned, LSM reports. The company has come under heavy criticism because of recurring problems with new electric trains delivered by the Czech manufacturer, Skoda Vagonka. Vivi’s council chairman, Sandis Steins, insisted that responsibility for the problems was beyond the council’s…
The Baltic States support banning the import of grain from Russia and Belarus into the EU, according to the Lithuanian Transport Minister, Marius Skuodis, BNS reports. He discussed the issue with Latvian Transport Minister Kaspars Briskens and Estonian Climate Minister Kristen Michal. The ministers agreed to coordinate actions and avoid national initiatives. Earlier, Skuodis noted…
Defects in new electric trains of Latvia’s state-owned carrier, Pasazieru Vilciens (Vivi), disrupted the daily commute of hundreds of passengers in the first week of 2024, LSM reported. The technical problems resulted in running cancellations and delays of many departures. Transport Minister Kaspars Briskens assured that most of the defects were “relatively trivial.” However, some…
Lithuania is exploring the possibility of acquiring a stake in Latvia’s national air carrier, Air Baltic Corporation (airBaltic), according to Transport Minister Marius Skuodis, BNS reports. Skuodis has discussed the issue with his Latvian counterpart, Kaspars Briskens. Skuodis suggested that some airBaltic aircraft could be based in Lithuania and that airBaltic could become a joint…