Average housing prices in Latvia rose by 1.1% in the second quarter of 2024 from the same period of 2023, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Prices of new housing increased by 11.4%, whereas the average price of existing housing dropped by 2.0% over a year. Compared to the first…
The Latvian parliament, the Saeima, has approved in final reading amendments that will allow Lithuania, Estonia, and Finland to store strategic gas reserves at the underground gas storage facility in Incukalns, LSM reports. The three Baltic States have earlier signed solidarity agreements on gas supplies. The amendments will also free the operator of the Incukalns…
The number of job vacancies in the Baltic States rose in Lithuania but fell in Latvia and Estonia in the second quarter of 2024, according to Latvia’s Central Statistical Bureau (CSP), LSM reports. Compared to a year earlier, the number of vacancies increased by 3.3% in Lithuania, but declined by 5.6% in Latvia and 10.6% in…
Latvia’s State Security Service (VDD) has asked the Prosecution Office to charge a non-citizen Latvian resident for planning terrorist attacks in Latvia, LSM reports. VDD’s investigation established that the person supports the ideology of the Islamic State terrorist group. The suspect was arrested in May 2024 after explosives, ammunition, and sulfuric acid were found at…
The Latvian government has extended the enhanced border surveillance regime on the country’s border with Belarus until the end of 2024, LSM reports. Prior to the decision, the regime was set to end on 12 September 2024. The Ministry of Interior said that the reinforced border protection regime ensured the inviolability of the state border…
Latvia’s foreign trade turnover totalled EUR 23.26bn at current prices in the first seven months of 2023, which was EUR 1.52bn (6.1%) less than in the same period of 2023, according to the Central Statistical Bureau’s (CSP) provisional data, LSM reports. Exports of goods amounted to EUR 10.7bn (down 4%) and imports to EUR 12.56bn…
German airline Lufthansa may invest in Latvia’s national air carrier, airBaltic, according to Bloomberg, LETA reports. Sources said that negotiations on the deal were still at an early stage. Earlier, German news agency dpa cited Lufthansa’s CEO, Jens Ritter, who said that the company was interested in another airline operating its shorter routes, LSM reported….
Latvia’s Transport Minister, Kaspars Briskens, has no intention to resign despite criticism of his communication, LSM reports. Earlier, President Edgars Rinkevics and Prime Minister Evika Silina criticised the minister’s messaging on the future of the country’s national air carrier, airBaltic, and the Rail Baltica railway project. Speaking after a meeting with Briskens, Rinkevics said that…
The Latvian state is negotiating with a well-known strategic investor on the possible acquisition of a 10% stake in the country’s national air carrier, airBaltic, according to LTV’s information, LSM reports. Klavs Vasks, chairman of airBaltic’s supervisory board, confirmed that the unnamed strategic investor could acquire a minority stake in the company. In 2023, Prudentia…