Companies in the Baltic States issued an all-time record of EUR 6.68bn in bonds in 2025, which was an increase of more than double from 2024, The Baltic Times reported. The volume of local bonds issued totalled EUR 1.37bn, which was up 42% over a year. The number of Baltic companies issuing bonds reached a…
Latvia’s foreign trade turnover totalled EUR 42.73bn in 2025, which was up EUR 2,198.7mn (5.4%) from 2024 at current prices, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exported goods amounted to EUR 19.54bn, which was up EUR 698.1mn (3.7%) from 2024. The value of goods imported…
Corruption remained considerably lower in Estonia than in Latvia and Lithuania in 2025, according to Transparency International’s Corruption Perceptions Index, ERR reports. Estonia ranked 12th on the index, which was up from 13th place in 2024, BNS reported. Meanwhile, Lithuania came in on 28th (32nd) and Latvia on 37th (38th) place, LSM reported. Estonia scored 76…
Latvia’s construction output rose by 9% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Construction of buildings increased by 1.2%, civil engineering structures by 25.7%, and specialised construction activities by 2.9%. In the fourth quarter of 2025, construction output increased by 9.9% from a…
All but two Latvian mayors have been granted access to state secrets as required by law, LETA reports. The State Security Service (VDD) has refused security clearances to Aleksandrs Bartasevics, chairman of the Rezekne city council, and Gatis Truksnis, former mayor of Jurmala. VDD is still reviewing the security clearances of five deputy chairs of…
Authorities in Latvia and Lithuania have opened investigations into information in documents related to the convicted US sex trafficker, Jeffrey Epstein. The documents contain hundreds of references to Latvia and Lithuania, including indications that Epstein’s associates had recruited young women and children for sexual exploitation through local modelling agencies, LETA and LRT reported. Latvia’s State…
Estonian Prime Minister Kristen Michal urged Latvia to complete its part of the Rail Baltica railway by 2030 as agreed, ERR reported. Michal said that Estonia would “kindly pressure” Latvia with the help of EU funding. Earlier, Maris Dzelme, board chairman of Eiropas Dzelzcela Linijas (EDZL), which manages the construction project in Latvia, said that…
Latvia’s industrial production output increased by 4.0% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing rose by 5.5% on year, but fell by 3.0% in electricity and gas supply and by 15.4% in mining and quarrying. The country’s manufacturing turnover increased…
Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, arrived on a two-day working visit to Latvia on 2 February 2026, LSM reported. Ablakwa said that the immediate reason for his visit was to discuss the circumstances surrounding the death of an 18-year-old Ghanaian student in Riga in June 2025, GhanaWeb reported. Also, Ablakwa informed his Latvian counterpart,…