Latvia’s national air carrier, airBaltic, may cut 500-700 jobs at its bases in the three Baltic capitals, BNS reports. The company announced that it was in talks with trade unions on potential layoffs, which could affect about 20% of its total workforce. Currently, the airline employs around 3,000 people in the Baltic States. Meanwhile, Dace…
The Latvian parliament, the Saeima, has approved in an extraordinary session an urgent law that allows the state to bail out the country’s ailing national airline, airBaltic, LSM reports. The law, which was rushed through parliament in just one day, will allow the government to acquire around EUR 30mn of more airBaltic bonds. Also, the…
The Latvian government has decided to extend the repayment period on a EUR 30mn emergency loan issued to the country’s national airline, airBaltic, until the end of 2026, LSM reports. The loan was due by the end of August 2026. Also, the government gave conceptual approval to buying an additional EUR 30mn of airBaltic’s bonds…
Owners of electric scooters in Latvia need to have mandatory third-party liability (OCTA) insurance as of 1 July 2025, LETA reports. The price of OCTA insurance policies for e-scooters will likely be around EUR 24-50 per year. Insurance industry organisations will launch targeted awareness campaigns to inform owners about the need for OCTA. According to…
