The prime ministers of the Baltic States assured that the Rail Baltica railway from Tallinn to the Polish border would be completed on schedule, BNS reported. Speaking after a joint meeting in Riga, the three prime ministers pledged to secure maximum EU funding for the project. Estonian Prime Minister Kristen Michal stressed that the railway…
Latvia’s Riga Regional Court has overturned a lower court ruling in a bribery case involving the state-owned railway company, Latvijas Dzelzcels (LDz), BNS reports. The court found LDz’s former CEO, Ugis Magonis, and Estonian businessman Oleg Ossinovski guilty of bribery, sentencing Magonis to 2.5 years in prison and Ossinovski to a fine of EUR 151,700….
The chairman of the supervisory council of Latvia’s state-owned railway operator, Latvijas Dzelzcels (LDz), Andris Liepins, and council member Reinis Ceplis have resigned, LETA reports. They highlighted the strategic transformation at LDz during their tenure. Liepins and Ceplis were appointed to LDz’s council in 2019. They will serve in their positions until the end of…
The Latvian government will invest an additional EUR 47mn in the state-owned railway company, Latvijas Dzelzcels (LDz), LSM reports. The capital will allow the company to pay all its tax debts and some outstanding bills for services. The state has invested EUR 95.6mn in LDz since 2020 to prop up the company’s finances. LDz has…