Baltic: Presidents hold annual meeting in Riga

The presidents of the three Baltic States met in the Latvian capital, Riga, on 4 December 2025 for their annual pre-Christmas meeting, LSM and BNS reported. Latvian President Edgars Rinkevics said that key issues discussed included defence and security, border protection, and support for Ukraine. He emphasised that “if you look at the map, the…

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Latvia: Parliament begins discussing state budget for 2026

The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…

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Latvia: Fitch drops airBaltic’s credit rating to CCC+

International rating agency Fitch RatingsĀ 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…

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Latvia: Coalition rift over Istanbul Convention deepens

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…

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