Latvia’s State Treasury has raised EUR 1bn with a new bond issue on international financial markets, LSM reports. The government bonds have a maturity of seven years, carry a yield of 3.525%, and have a fixed coupon rate of 3.500%. The bonds were purchased by more than 70 investors, mostly European asset managers. Total investor…
The three Baltic States have joined eight other European countries in calling on the EU to impose tighter restrictions on visas for Russian citizens, ERR reports. The joint letter from the foreign and interior ministers of nine EU member states, Norway, and Iceland stated that “Russians should not be sunning themselves on European beaches while…
Latvia’s security situation has not improved and has become more complex, President Edgars Rinkevics stated, LETA reports. Speaking in an interview on TV24, Rinkevics warned that Russia was becoming more unpredictable and that Latvia must be prepared to respond to various kinds of Russian provocations. At the same time, he noted that the threat posed…
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 European Bank for Reconstruction and Development (EBRD) has lowered its GDP growth forecasts for all three Baltic States in both 2026 and 2027, LETA reports. The bank now projects that Estonia’s GDP will grow by 2.1% in 2026 and 2.3% in 2027. In February 2026, the bank’s GDP growth forecast for Estonia was 2.2%…
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…
Estonia ensures much better protection for LGBT rights than Latvia and Lithuania, according to human rights group ILGA-Europe’s Rainbow Map, which ranks countries based on their legal and policy protection for LGBT people, LSM reports. Estonia ranked 21st on the index with a score of 46.37% on a scale of 0-100% in 2026, which was…
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…
