Lithuania: Two checkpoints on Belarus border to be closed

Lithuania will close two of its six border checkpoints with Belarus following the arrival of Russian private military company Wagner Group’s mercenaries in Belarus, Deputy Interior Minister Arnoldas Abramavicius announced, BNS reports. He said that the plan was to close the Sumskas and Tverecius border checkpoints. Saulius Nekrasevicius, deputy director of the State Border Guard…

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Latvia: School closures up to municipalities: Education Minister

Latvian municipalities will be able to organise their school networks in accordance with the financing available, Education Minister Anda Caksa stated, LETA reports. Speaking in an interview with TV3, Caksa said that any school closures were for the municipalities to decide. Under the Education Ministry’s proposal, schools in cities will have to have at least…

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Latvia: Ministries submit funding requests for EUR 2bn in 2024

Latvian ministries and other institutions have submitted proposals for priority budget measures worth EUR 1.983bn for 2024, according to the Ministry of Finance, LETA reports. Finance Minister Arvils Aseradens said that funding requests were EUR 250mn lower than in 2023. The largest requests were for teacher wages, health care, and defence. Other requests included covering…

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Latvia: Fitch affirms credit rating at A- with positive outlook

US-based credit rating agency Fitch Ratings has reaffirmed Latvia’s sovereign credit rating at A-, which is unchanged from the previous rating in February 2023, LSM reports. At the same time, the agency revised its rating outlook from stable to positive. Fitch noted that Latvia had eliminated its dependence on Russian energy imports and reduced non-energy…

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Latvia: Retail trade turnover down 2.3% in June 2023: statistics

Latvia’s retail trade turnover fell by 2.3% in June 2023, compared to June 2022, according to the Central Statistical Bureau’s calendar-adjusted data at constant prices, LSM reports. Retail trade of food products declined by 5.2% and non-food products by 2.9%, while retail sales of automotive fuel increased by 5.5% over a year. Retail trade turnover…

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