Most banks in Latvia will be eligible for rebates on so-called solidarity tax payments in 2025, according to the Bank of Latvia, LETA reports. The central bank noted that the growth of lending has been appreciably faster in 2025. Therefore, most banks will qualify for discounts on their solidarity contributions, amounting to 25-100%. The new…
The Latvian government may have to take additional austerity measures to implement the ruling coalition’s policy priorities, Prime Minister Evika Silina stated, LETA reports. Earlier, ministries submitted proposals to cut altogether EUR 150mn in public sector spending in 2026. Speaking in an interview with TV3, Silina said that the sum might not be enough to…
Owners of electric scooters in Latvia need to have mandatory third-party liability (OCTA) insurance as of 1 July 2025, LETA reports. The price of OCTA insurance policies for e-scooters will likely be around EUR 24-50 per year. Insurance industry organisations will launch targeted awareness campaigns to inform owners about the need for OCTA. According to…
Latvia finally launched an early warning or cell broadcast system on 1 July 2025 after delays in the procurement process, LETA reports. The system was developed by Meditec for EUR 3.4mn under a contract with the Ministry of Interior’s Information Centre. The system will warn residents and visitors about natural disasters, military threats, or other…
Foreign-registered ships made altogether 2,741 visits at Latvian ports in the first half of 2025, which was down 7.1% from 2,949 visits in the same period of 2024, according to data from the Maritime Administration of Latvia (LJA), LETA reports. Foreign ships entered the Freeport of Riga 1,293 times, the Port of Liepaja 616 times,…
Over half of Latvian municipalities have new mayors following local elections on 7 June 2025, LETA reports. Municipal councils elected altogether 22 new chairpersons, while 20 incumbent mayors remained in office. Political groups that received the most votes failed to secure the mayorship in 12 municipalities, including in Riga, Jelgava, and Ventspils. In some municipalities,…
Latvia’s relations with the US are deep and positive, Latvian Foreign Minister Baiba Braze assured, LETA reports. Speaking in an interview with LTV, Braze noted said that US President Donald Trump’s administration appreciated Latvia for being a good ally and for not engaging in public “loud rhetoric.” Earlier, US Secretary of State Marco Rubio met…
Latvian President Edgars Rinkevics has proposed amendments to simplify the procedure to initiate public referendums, LETA reports. He proposed halving the number of signatures needed to 5% of those who took part in the last parliamentary election and shortening the time to collect signatures to six months. If the 5% threshold is met, the Central…
The Latvian government has confirmed the appointment of Armands Ruks for another five-year term as chief of the Latvian State Police until October 2030, LSM reports. Ruks was first appointed to the post in October 2020. He said that his priorities in his second term of office would be to build police capacity, combat violence,…
