Latvia’s national air carrier, airBaltic, plans to expand its operations at Lithuania’s Vilnius International Airport (VIA), CEO Martin Gauss announced, LETA reports. He said that the company would more than double its fleet in Vilnius and increase the number of destinations offered from the airport. Currently, airBaltic has two aircraft stationed at VIA. Gauss said…
Latvia’s state-owned passenger train operator, Pasazieru Vilciens (Vivi), has now received all 32 new electric trains from the Czech manufacturer, Skoda Vagonka, LETA reports. Initially, all trains were due to be delivered by the end of 2023. Raitis Nespors, acting board chairman of Vivi, conceded that the coronavirus pandemic and the war in Ukraine contributed…
A notorious leader of organised crime in Latvia has been arrested in an international operation, LSM reports. Latvia’s State Police, in cooperation with Europol and the Spanish National Police, detained 16 people, including 10 in Latvia and 6 in Spain. The group is suspected of selling narcotics and of large-scale money laundering. Police confiscated marijuana,…
The Latvian government is discussing possible changes to second-tier pension funds, LETA reports. The Latvian parliament, the Saeima, will consider a public initiative opposing the government’s plan to reduce automatic second-tier pension contributions, LSM reports. The petition collected the necessary signatures in record short time. The government has proposed transferring 1% of second-pillar pension funds…
The Latvian government plans to raise taxes on fuel, harmful beverages, tobacco, and gambling, LETA reports. Under the plan, the excise tax on fuel will amount to EUR 10 per tonne of CO2 in 2025 and to EUR 20 per tonne in 2026. The excise duty on sugary non-alcoholic beverages will rise from the current…
Latvia’s State Treasury has issued seven-year eurobonds worth EUR 600mn on international financial markets, LETA reports. The bonds will mature on 25 January 2032. The bond yield is 3.138%, and the coupon is 3%. Demand for the bonds among investors amounted to almost EUR 5bn. The number of investors was 140. In May 2024, Latvia…
The presidents of the three Baltic States — Estonia’s Alar Karis, Latvia’s Edgars Rinkevics, and Lithuania’s Gitanas Nauseda — have called for reforming the United Nations Security Council (UNSC), BNS reported. They stressed the need to support Ukraine and hold Russia accountable for its military aggression. Karis pointed to the UNSC’s current inability to resolve conflicts,…
The Lithuanian Armed Forces (LGP) will equip all its units with first-person view (FPV) drones, Defence Minister Laurynas Kasciunas announced, BNS reports. LGP will create a “drone ecosystem” of various types of air and naval combat drones. Kasciunas said that Lithuania planned to open several new production lines for maritime drones by 2025. The government…
A four-year-old boy in Latvia died of diphtheria at the Children’s Clinical University Hospital (BKUS) in Riga on 16 September 2024, LSM reports. The boy was unvaccinated for the preventable disease. Four children, including two of the dead boy’s sisters, were treated for diphtheria at the hospital. The parents, who took the sisters out of…