Latvia’s State Revenue Service (VID) has stopped over 5,000 shipments of goods for possible violation of EU sanctions against Russia and Belarus, LSM reports. VID has initiated more than 250 criminal cases over sanctions violations, including 114 in 2022 and 144 in 2023. Raimonds Zukuls, director of VID’s customs administration, said that most of the…
The customs authorities of the three Baltic States have agreed on uniform application of EU sanctions against Russia and Belarus, BNS reports. The directors of the Estonian, Latvian, and Lithuanian customs departments agreed to introduce stricter controls on sanctioned goods exported to or transiting through Russia and Belarus to third countries. The measures include requiring…
Latvia’s largest commercial bank, Swedbank Latvija, posted a net profit of EUR 274mn in 2023, which was a more than double increase from EUR 132mn in 2022, LSM reports. Net interest income rose by EUR 193mn and net commission income by EUR 5mn over a year. Total expenditure amounted to EUR 138mn, which was up…
Latvian President Edgars Rinkevics backed a unilateral ban on Russian grain imports without waiting for a joint EU decision, LETA reported. Speaking after a meeting with Prime Minister Evika Silina, Rinkevics pointed out that some of the Russian grain was stolen from occupied Ukrainian territory and that Russia was using food as a “hybrid weapon.”…
Members of the supervisory council of Latvia’s state-owned passenger train operator, Pasazieru Vilciens (Vivi), have resigned, LSM reports. The company has come under heavy criticism because of recurring problems with new electric trains delivered by the Czech manufacturer, Skoda Vagonka. Vivi’s council chairman, Sandis Steins, insisted that responsibility for the problems was beyond the council’s…
Building unified Baltic defence infrastructure should be coordinated with Finnish and Polish military experts, Latvian President Edgars Rinkevics stated, LETA reports. Baltic cooperation with Finland and Poland was necessary to create an effective defence mechanism, he said. At the same time, Rinkevics reminded that Latvia was part of NATO’s defence planning. He discussed the issue…
The construction of the Baltic Defence Line in Latvia could take a decade, Latvian Defence Minister Andris Spruds estimated, LETA reports. He noted that the project would entail significant costs, which were currently being assessed. The government will have to align the costs with other national priorities, the minister said. Earlier, Baltic defence ministers signed…
Latvia’s state-owned postal service provider, Latvijas Pasts, plans to close most of its post offices by the end of 2024 due to unprofitability, LSM reports. The company will close 105 post offices, of which 93 will only provide services on demand. In the beginning of 2024, Latvijas Pasts had altogether 176 post offices, of which…
The decision of the three Baltic States to build a “Baltic defence line” is preparation for a possible Russian attack, Lithuanian Foreign Minister Gabrielius Landsbergis stated, BNS reports. He said that the move served as a political message, seeking to draw the attention of allies to the threat posed by Russia. “If Russia is not…