The Latvian government held an extraordinary meeting of ministers to discuss the Ministry of Transport’s report on the current situation of the country’s ailing national air carrier, airBaltic, on 30 July 2026, LSM reported. The government nominated the State Treasury to represent the state at airBaltic’s bondholder meeting on 3 August 2026. At the meeting,…
Latvia’s Interior Minister, Janis Dombrava, has called for an internal investigation of State Police chief Armands Ruks, LSM reports. Earlier, an off-duty police officer killed a man in Priekule and another police officer caused a road traffic accident near Aizkraukle, both while severely intoxicated, LETA and LSM reported. Speaking in an interview with TV3, Dombrava…
Around 5,000 third‑country nationals come to Estonia every year for seasonal work, mostly on farms, according to the Police and Border Guard Board (PPA), ERR reports. Most seasonal workers come from Ukraine, Moldova, Uzbekistan, India, and Georgia. Before Russia’s full-scale invasion of Ukraine, many seasonal workers came from Belarus as well, but Estonia has since…
New EU sanctions have forced the Russian-owned supermarket chain, Mere, to close down its discount stores in Latvia and Lithuania, LETA reports. The EU’s latest package of sanctions against Russia lists the companies operating the Mere chain, and their majority owner, Russian businessman Sergey Shnayder. They were sanctioned for supporting activities that undermine Ukraine’s territorial…
Latvia’s Prosecutor General’s Office (LRP) has opened an investigation into national air carrier airBaltic’s finances, following a request from Prime Minister Andris Kulbergs, LETA reports. The investigation will assess whether decisions taken in relation to airBaltic’s financial situation have been in compliance with the law. LRP carried out a similar investigation in late 2024, but…
Latvian President Edgars Rinkevics has turned to the State Security Service (VDD) over Hungarian banking group OTP Bank’s plan to acquire the Baltic banking group, Luminor Bank, LSM reports. He noted that the statement of intent on the possible acquisition was just the start of the process, adding that regulatory approval for the deal would…
Lithuania’s budget deficit was the smallest in the Baltic States in the first quarter of 2026, according to Eurostat data, BNS reported. Lithuania’s budget deficit stood at 0.9% of GDP, which was down from 1.7% in the fourth quarter of 2025. Estonia’s budget deficit amounted 1.2% (1.3%) and Latvia’s to 1.9% (2.4%) of GDP. Meanwhile,…
The Latvian state is in talks with three potential investors in the country’s national air carrier, airBaltic, Prime Minister Andris Kulbergs announced, LSM reports. Speaking in an interview with Latvijas Radio, Kulbergs said that the state should no longer be involved in the aviation business. Also, he insisted that the state’s share in shouldering airBaltic’s…
Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….
