The Baltic States should disconnect from the Russian-controlled BRELL power grid and synchronise with the European system as planned by the end of 2025, Kalle Kilk, CEO of Estonia’s electricity transmission system operator, Elering, stated, Postimees reports. Kilk noted that Russia provided the Baltic States with grid balancing services. Disconnecting from the Russian grid now…
Latvia’s new president, Edgars Rinkevics, has taken his oath of office in the Latvian parliament, the Saeima, LSM reports. In his inaugural speech, Rinkevics pledged to work for the creation of a “modern, strong, legal, and just Latvia,” for people’s well-being, and for an inclusive and respectful society. He said that everyone “should feel that…
The presidents of Latvia, Lithuania, and Poland — Egils Levits, Gitanas Nauseda, and Andrzej Duda — have sent a joint letter to NATO Secretary General Jens Stoltenberg and leaders of NATO member states to warn them of the threats posed by the developments in Belarus, BNS reports. In the letter, the three presidents pointed out…
Latvia’s Prime Minister, Krisjanis Karins, will temporarily serve as acting foreign minister after current foreign minister Edgars Rinkevics is sworn in as the country’s new president, LSM reports. Karins will perform the duties of foreign minister until the parliament, the Saeima, approves the appointment of a new foreign minister. Rinkevics will be sworn in as…
Latvia’s outgoing president, Egils Levits, delivered his departure speech on 7 July 2023, LSM reports. He thanked the people of Latvia for giving him the opportunity to serve for four years as their president. Levits said that his role was to work for a Latvian Latvia without "remnants of Soviet occupation." The President said that…
Latvia had the largest share of people outside the labour force in the three Baltic states in the first quarter of 2023, according to Eurostat data, LSM reports. Just over 16% of Latvia’s potential labour force is not currently part of the working population. The figure stands at 15.4% in Lithuania and 12.3% in Estonia….
Latvia will maintain enhanced monitoring of its border with Belarus due to concerns raised by the presence of the Russian private military company, Wagner Group in Belarus, President Egils Levits stated, LSM reports. A few dozen people continue to attempt crossing from Belarus into Latvia every day. However, there is no significant risk regarding Russian…
Latvia’s Riga International Airport (RIX) served over 3 million passengers in the first half of 2023, which was nearly 40% more than in the same period of 2022, LSM reports. Transit passengers accounted for 21% of the total, which was up from 17% a year earlier. The average load factor of passenger aircraft stood at…
While Latvia’s economy is generally resilient and the labour market remains strong with low unemployment, the economy will still face significant fragility in 2023, Martins Kazaks, president of the Bank of Latvia, warned, LSM reports. Speaking in an interview on LTV, Kazaks emphasised the need for economic transformation in order to avoid falling behind other…