Satisfaction with life in the Baltic States was lowest in Latvia in 2022, according to Eurostat data, LSM reported. Residents in Latvia rated their overall life satisfaction at just 6.8 out of 10 points in 2022, which was up from 6.7 in 2021. The indicator stood at 7.1 (7.0) points in Lithuania and 7.2 (7.2)…
Food prices in Latvia will grow by less than 4% in 2024, Ieva Opmane, economist at the Bank of Latvia, forecast, LSM reports. The price hike will be higher than average inflation but much less than in 2023 and 2022, she said. The rise in food prices will depend on consumer income, energy prices, harvests,…
The Latvian parliament, the Saeima, has approved the seizure of the so-called Moscow House in central Riga, LSM reports. The state is likely to auction the property. The building used to serve as a Russian cultural centre owned by the Moscow city government. Latvia’s State Security Service (VDD) reported that the building was used to…
Latvia and Lithuania were among the largest exporters of beer to Russia in 2023, LRT reported, citing Russian news agency RIA Novosti. According to the report, the value of Lithuania’s beer exports to Russia amounted to USD 36.5mn in 2023, which was up by 1.9 times from 2022, accounting for just over 15% of Russia’s…
There will be no referendum against same-sex civil partnership in Latvia, LSM reports. A campaign to hold a popular referendum to suspend the publication of the new partnership law collected just some 15% of the around 155,000 signatures needed. The campaign, which was supported by the opposition United List, National Alliance, Latvia First, and For…
The Estonian state should consider buying a stake in Latvia’s national air carrier, airBaltic, Riivo Tuvike, CEO of Tallinn Airport, suggested, ERR reports. He argued that this would push airBaltic towards expanding operations at Tallinn Airport, where it is the market leader. Tuvike pointed out that Estonia was a “peripheral country,” saying that state support…
Latvian Defence Minister Andris Spruds expressed scepticism about the idea of creating an “EU army,” LSM reported. Latvia’s position was that NATO was irreplaceable and constituted the cornerstone of European security, Spruds stated. He pointed out that NATO united most EU countries as well as non-EU countries, insisting that there was no need to duplicate…
Latvian metal processing company EMJ Metals has started cooperation with Finnish military vehicle manufacturer Patria, LSM reports. EMJ Metals manufactures metal sheet parts and APC bodies. The company invested EUR 3mn in equipment and renovating its production facility to enable cooperation with manufacturers in other countries. Latvian companies are now cooperating with 10 large global…
Latvia’s national airline, airBaltic, carried around 4.5mn passengers in 2023, which was 36% more than in 2022, according to preliminary data, LETA reports. The carrier operated over 44,000 flights, which was 18% more than a year earlier. The company offered direct flights on over 100 routes from bases in Riga, Vilnius, Tallinn, Tampere, and Gran…