Estonia’s state-owned transmission system operator, Elering, plans to build new undersea electricity interconnections with Finland and Latvia by 2040, ERR reports. Priit Heinla, head of offshore grid development at Elering, said that investment decisions on the two projects could be made in 2031-2033. Elering expects electricity prices to remain lower in the Nordic countries. Therefore,…
The Latvian parliament, the Saeima, has approved amendments extending a reduced excise tax rate on diesel fuel until the end of 2026, LSM reports. The diesel tax was lowered from EUR 467 to EUR 396 per 1,000 litres and for marked diesel fuel used in agriculture from EUR 70 to EUR 21 per 1,000 litres…
The Canadian-led NATO Multinational Brigade will expand its presence to eastern Latvia, deploying troops in the city of Daugavpils for the first time, LSM reported. Allied forces will be stationed permanently elsewhere in the eastern Latgale region as well, according to the Latvian Defence Ministry’s news portal, Sargs.lv. Also, Danish Defence Minister Jeppe Bruus announced…
Latvia’s new prime minister, Andris Kulbergs, suggested “scaling down” the Rail Baltica railway project, ERR reported. Speaking at a joint press conference with Estonian Prime Minister Kristen Michal in Tallinn, Kulbergs said that he was looking at a potential solution to the project’s funding gap that would be “out of the box.” He said that…
Latvia’s central bank, the Bank of Latvia, has lowered its GDP forecast for 2026-2028 markedly, LSM reports. GDP growth will amount to 2.0% in 2026, to 2.4% in 2027, and to 3.0% in 2028, according to the latest forecast. In December 2025, the central bank had projected that the GDP would grow by 2.8% in…
Around 4,000 people attended the 20th annual Riga Pride parade in the Latvian capital, Riga, on 13 June 2026, LSM reported. Police said that the parade in the centre of Riga proceeded peacefully and without significant incidents. Participants noted that Latvian society was becoming more accepting of same-sex couples and diverse sexualities. Kaspars Zalitis, co-chair…
Latvia’s GDP growth will fall from 2.1% in 2025 to 1.9% in 2026, before rising to 2.2% in 2027, the Organisation for Economic Co-operation and Development (OECD) forecasts, LSM reports. Average annual inflation will decline from 3.8% in 2025 to 3.6% in 2026 and 3.2% in 2027, the OECD projects in its latest survey of…
Following the entry into force of the EU’s New Pact on Migration and Asylum, human rights groups in Latvia, Lithuania, and Poland urged their governments to review migrant pushback practices on the border with Belarus, BNS reported. In a joint statement, Latvia’s I Want to Help Refugees (GPB), Lithuania’s Sienos Grupe, and Poland’s Association for…
Latvia has entered the official election campaign period ahead of the parliamentary elections on 3 October 2026, LSM reports. During the 120-day period, campaigners, media, and other involved parties must comply with strict rules on election campaigning, the Corruption Prevention and Combating Bureau (KNAB) noted. KNAB will monitor the use of campaign funds and the…
