International rating agency Fitch Ratings has downgraded the long-term issuer default rating of Latvia’s national air carrier, airBaltic, from B-/Negative to CCC+, indicating “significant risks” for creditors, LETA reports. Fitch also downgraded airBaltic’s senior secured long-term notes worth EUR 380mn from B- to CCC+. The agency noted that airBaltic’s level of indebtedness was higher and financial…
A rail link to the Latvian capital, Riga, is planned to be built in the second phase of the Rail Baltica railway project, Marko Kivila, CEO of the Baltic joint venture, RB Rail, told LETA. He noted that the Baltic States had not agreed on a timetable for the second phase yet. There would be…
Latvia’s Union of Greens and Farmers (ZZS) has called on its coalition partner, New Unity, to support withdrawing from the Council of Europe’s Istanbul Convention on combating violence against women and domestic violence, LETA reports. ZZS argued that a case of alleged inappropriate behaviour by a foreign worker towards a minor in Liepaja demonstrated that…
Latvia’s ruling coalition has failed to secure a quorum in the parliament, the Saeima, for two weeks during votes on contested bills, LETA reports. On 2 October 2025, opposition parties again broke the quorum to preempt a final vote on transposing EU directives on emission trading systems into national law. Only 48 out of 100…
Latvia’s Consumer Rights Protection Centre (PTAC) will fine the electronic moped rental company, Ride, for failing to suspend operations as requested, LETA reports. PTAC told Ride to suspend operations after two teenage girls riding the company’s moped died when they were hit by a train in Riga. The consumer rights authority concluded that Ride had…
Websites of several state institutions in Latvia were hit by a major distributed denial-of-service (DDoS) attack on the morning of 2 October 2025, according to the Latvian State Radio and Television Centre (LVRTC), LSM reported. The attack disrupted the websites of e-government portal Latvija.lv, electronic signature service eParaksts, the State Revenue Service (VID), the Cabinet…
The three Baltic States must agree on a new financing model for the Baltic joint venture, RB Rail, which manages the Rail Baltica railway project, CEO Marko Kivila and CFO Ojars Daugavietis stressed, LETA reports. Kivila noted that RB Rail’s budget remains largely unchanged in 2025, and that the company has therefore halted hiring and…
Latvia’s Ministry of Education and Science has proposed reducing the number of advanced-level centralised exams in secondary school by one, LETA reports. Under the ministry’s proposal, graduates would be required to take five instead of six mandatory exams. At the moment, high school graduates in Latvia need to take five compulsory exams: Latvian, a foreign…
The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to…
