The Latvian government held an extraordinary meeting of ministers to discuss the Ministry of Transport’s report on the current situation of the country’s ailing national air carrier, airBaltic, on 30 July 2026, LSM reported. The government nominated the State Treasury to represent the state at airBaltic’s bondholder meeting on 3 August 2026. At the meeting,…
Latvia’s Interior Minister, Janis Dombrava, has called for an internal investigation of State Police chief Armands Ruks, LSM reports. Earlier, an off-duty police officer killed a man in Priekule and another police officer caused a road traffic accident near Aizkraukle, both while severely intoxicated, LETA and LSM reported. Speaking in an interview with TV3, Dombrava…
Latvian banks reported combined profits of EUR 181.2mn in the first half of 2026, which was down 9.3% from EUR 199.7mn in the same period of 2025, according to data from the Bank of Latvia, LETA reports. The total assets of Latvia’s monetary financial institutions amounted to EUR 32.675bn at the end of June 2026,…
The Latvian parliament, the Saeima, has passed amendments banning the import of certain industrial goods from Russia and Belarus, LETA reports. The amendments ban the import of books, newspapers, video games, sporting goods, toys, clothing, and footwear either directly or indirectly from Russia and Belarus. Transit shipments of such goods to other countries will not…
New EU sanctions have forced the Russian-owned supermarket chain, Mere, to close down its discount stores in Latvia and Lithuania, LETA reports. The EU’s latest package of sanctions against Russia lists the companies operating the Mere chain, and their majority owner, Russian businessman Sergey Shnayder. They were sanctioned for supporting activities that undermine Ukraine’s territorial…
Latvia’s Prosecutor General’s Office (LRP) has opened an investigation into national air carrier airBaltic’s finances, following a request from Prime Minister Andris Kulbergs, LETA reports. The investigation will assess whether decisions taken in relation to airBaltic’s financial situation have been in compliance with the law. LRP carried out a similar investigation in late 2024, but…
Latvia’s National Alliance has proposed merging three ministries into a new Ministry of National Economy, LETA reports. Under the proposal, the new ministry would take over the functions of the current Ministry of Economics, Ministry of Climate and Energy, and Ministry of Smart Administration and Regional Development. Energy Minister Janis Vitenbergs of the National Alliance…
The Latvian government is holding talks with 23 potential investors on the acquisition of Swedish telecommunications group Telia’s shares in the Latvian telecommunication companies, Tet and Latvijas Mobilais Telefons (LMT), Economy Minister Viktors Valainis announced, LETA reported. He said that there was strong international interest in the deal and that the transaction was progressing largely…
The Latvian state is in talks with three potential investors in the country’s national air carrier, airBaltic, Prime Minister Andris Kulbergs announced, LSM reports. Speaking in an interview with Latvijas Radio, Kulbergs said that the state should no longer be involved in the aviation business. Also, he insisted that the state’s share in shouldering airBaltic’s…
