Latvia’s Riga Regional Court has overturned a lower court ruling in a bribery case involving the state-owned railway company, Latvijas Dzelzcels (LDz), BNS reports. The court found LDz’s former CEO, Ugis Magonis, and Estonian businessman Oleg Ossinovski guilty of bribery, sentencing Magonis to 2.5 years in prison and Ossinovski to a fine of EUR 151,700….
Average housing prices in Latvia rose by 8.4% in the third quarter of 2025, compared to the same period of 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Prices of new dwellings increased by 3.8% and old dwellings by 9.4% over a year. Compared to the second quarter of 2025,…
Latvia’s State Police now has authority to impose penalties on drivers without having to stop their vehicle, LSM reports. Police can issue automatic traffic fines for violations detected by mobile and stationary speed cameras and radars as of 11 December 2025. Drivers can appeal the automatic fines within one month of notification.
Latvian universities will begin switching to spring admission for new students, LSM reports. In 2026, around half of all institutions of higher education in Latvia will accept students into some study programmes in spring instead of summer, according to Andris Teikmanis, chairman of the Council of Higher Education (AIP). Previously, admission to universities began in…
Latvia’s Road Transport Administration (ATD) has signed an agreement with Czechia’s Skoda Group for the purchase of nine battery-powered electric trains, LSM reports. Skoda was the only eligible bidder for the contract, LETA reported. Under the deal, worth EUR 89.409mn, Skoda is due to deliver the BEMU trains in 2029. ATD has an option to…
Poland’s President Karol Nawrocki will meet with his Latvian counterpart, Edgars Rinkevics, during a working visit to Latvia on 11 December 2025, LSM reports. The two presidents will discuss security issues, specifically the war in Ukraine, migratory pressure from Belarus, and the situation in the Baltic Sea. Also, Nawrocki will meet with Latvian Prime Minister…
Most large and medium-sized companies in the Baltic States plan to invest in business development in 2026, according to a Kantar survey for OP Corporate Bank, LSM reports. The survey showed that 87% of enterprises in Lithuania, 85% in Latvia, and 74% in Estonia plan to invest in development. Specifically, Lithuanian companies plan to increase…
Only 4% of multi-apartment houses in need of renovation in Latvia have been renovated, according to the State Audit Office (LRVK), LSM reports. Latvia has over 39,500 multi-apartment houses, of which at least 26,600 need renovation. Martins Abolins, member of LRVK’s council, noted that more than half of all multi-apartment houses in the country were…
Latvia’s SmartLynx Airlines has filed for insolvency, LETA reports. CEO Edvinas Demenius explained that SmartLynx had intended to implement a restructuring plan by 15 December 2025. However, “false and misleading information from various stakeholders” had led to the loss of aircraft and customer contracts, he said. SmartLynx has liabilities totalling around EUR 238mn, of which EUR…