Poland’s President Karol Nawrocki will meet with his Latvian counterpart, Edgars Rinkevics, during a working visit to Latvia on 11 December 2025, LSM reports. The two presidents will discuss security issues, specifically the war in Ukraine, migratory pressure from Belarus, and the situation in the Baltic Sea. Also, Nawrocki will meet with Latvian Prime Minister…
Most large and medium-sized companies in the Baltic States plan to invest in business development in 2026, according to a Kantar survey for OP Corporate Bank, LSM reports. The survey showed that 87% of enterprises in Lithuania, 85% in Latvia, and 74% in Estonia plan to invest in development. Specifically, Lithuanian companies plan to increase…
Only 4% of multi-apartment houses in need of renovation in Latvia have been renovated, according to the State Audit Office (LRVK), LSM reports. Latvia has over 39,500 multi-apartment houses, of which at least 26,600 need renovation. Martins Abolins, member of LRVK’s council, noted that more than half of all multi-apartment houses in the country were…
Estonia’s Ministry of Climate has drawn up a draft bill that would allow building nuclear power plants in the country, ERR reports. The law, which would come into force in January 2027, would task the Consumer Protection and Technical Regulatory Authority (TTJA) with regulation. Energy Minister Andres Sutt suggested that Estonia could eventually have small…
Latvia’s SmartLynx Airlines has filed for insolvency, LETA reports. CEO Edvinas Demenius explained that SmartLynx had intended to implement a restructuring plan by 15 December 2025. However, “false and misleading information from various stakeholders” had led to the loss of aircraft and customer contracts, he said. SmartLynx has liabilities totalling around EUR 238mn, of which EUR…
Latvia’s current coalition government has a 52-vote majority in the parliament, the Saeima, Prime Minister Evika Silina stated, pointing to the parliament’s approval of the 2026 state budget, LETA reports. Speaking in an interview with TV3, Silina noted that none of the coalition parties had expressed no-confidence in each other and no minister had needed to…
The prime ministers of the three Baltic States will meet in the Latvian capital, Riga, on 12 December 2025, BNS reports. The meeting concludes Latvia’s presidency of the Baltic Council of Ministers. Estonia will take over the presidency in 2026. The prime ministers will discuss regional security, including support for Ukraine and strengthening Europe’s eastern…
Latvia’s foreign trade turnover totalled EUR 35.82bn at current prices in the first ten months of 2025, which was up 5.9% from the same period of 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Latvia’s exports of goods amounted to EUR 16.4bn (up 4.3%) and imports to EUR 19.41bn (up…
Gross domestic expenditure on research and development (R&D) in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. Estonia’s R&D spending stood at 1.99% of GDP, which was up from 1.83% in 2023. The indicator stood at 1.04% (1.04%) in Lithuania and at 0.92% (0.82%) in Latvia. The EU…