The prime ministers of the three Baltic States will meet with German Chancellor Olaf Scholz on 6 May 2024 in the Latvian capital, Riga, LETA reports. The meeting will focus on security and defence, EU affairs, support for Ukraine, economic cooperation, and regional energy and transport projects. According to Latvia’s State Chancellery, Baltic leaders have…
Latvia’s national airline, airBaltic, posted an all-time record revenue and profit in 2023, LSM reported. The company’s annual turnover amounted to EUR 668mn, which was up 33.6% from EUR 500mn in 2022. The carrier’s net profit stood at EUR 34mn, which was up from a loss of EUR 54mn a year earlier. The company will…
A court in Latvia’s capital, Riga, has arrested three suspects in an arson attack on the Museum of the Occupation of Latvia, LETA reports. The two men and woman arrested all have police records. Investigators suspect that the attack was motivated by hatred for the Latvian state and freedom, potentially influenced by Russia. The investigation…
The number of border violations on Latvia’s eastern border with Belarus is increasing amid warmer weather, State Border Guard (VRS) chief Guntis Pujats announced, LSM reports. He noted that the situation on the border remained calm in January and early February 2024, but that the number of attempts to cross the border illegally had picked up…
Latvian police have arrested the suspect in a fire bomb attack on the office of Solvita Viba, director of the Museum of the Occupation of Latvia, LETA reports. Interior Minister Rihards Kozlovskis commended law enforcement for their swift work and noted the seriousness of the crime, considering it a threat to national security. He expects…
Around 2,000 farmers protested across Latvia against the government’s agriculture policies on 5 February 2024, according to the Farmers’ Parliament (ZSA), LSM reported. Police said that the protests passed peacefully with no significant incidents, LETA reported. Farmers staged rallies with agricultural machinery in altogether 16 cities, calling for a ban on imports of Russian and…
Latvia’s tax revenue totalled EUR 13.414bn in 2023, which was EUR 1.188bn (9.7%) less than in 2022, according to the Finance Ministry, LETA reports. Annual tax revenue was 2.7% more than the EUR 13.058bn planned. General government tax revenue reached 2.9% above target at EUR 12.639bn, including EUR 10.514bn of state budget revenue (2.3%) and…
Latvia’s Foreign Ministry called on authorities to check whether the top management of major Latvian companies and organisations include any Russian, Belarusian, or other third-country nationals who support Russia’s military aggression in Ukraine and who may have links to Russian state institutions, LETA reported. The ministry insisted that such persons should be subject to EU…
Latvian financial institutions, including banks, generated total profits of EUR 573.5mn in 2023, which was up 75% from EUR 326.3mn in 2022, according to data from the Bank of Latvia, LETA reports. The total assets of monetary financial institutions amounted to EUR 27.874bn at the end of 2023, which was up 3% from EUR 27.056bn…