Latvia: Corruption watchdog investigating Latvijas Pasts

Latvia’s Corruption Prevention and Combating Bureau (KNAB) has carried out probes at the state-owned postal company, Latvijas Pasts, LETA reports. KNAB refused to provide further information about the ongoing investigation. The agency stressed that there were no criminal proceedings involving employees of Latvijas Pasts currently. Marcis Vilcans, board chairman of Latvijas Pasts, said that the…

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Baltic: PMs agree on earlier exit from Russian power grid

The prime ministers of the three Baltic States have signed a joint declaration to speed up the synchronisation of the Baltic power grids with the continental European network, ERR reports. Estonian Prime Minister Kaja Kallas said that the Baltic States would disconnect from the Russian-controlled BRELL system as soon as it was technically possible. She…

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Latvia: Fitch affirms credit rating at A- with positive outlook

US-based credit rating agency Fitch Ratings has reaffirmed Latvia’s sovereign credit rating at A-, which is unchanged from the previous rating in February 2023, LSM reports. At the same time, the agency revised its rating outlook from stable to positive. Fitch noted that Latvia had eliminated its dependence on Russian energy imports and reduced non-energy…

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Latvia: Retail trade turnover down 2.3% in June 2023: statistics

Latvia’s retail trade turnover fell by 2.3% in June 2023, compared to June 2022, according to the Central Statistical Bureau’s calendar-adjusted data at constant prices, LSM reports. Retail trade of food products declined by 5.2% and non-food products by 2.9%, while retail sales of automotive fuel increased by 5.5% over a year. Retail trade turnover…

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Latvia: Foreign Ministry calls for unified EU approach to Belarusian, Russian travellers

Latvia’s Foreign Ministry plans to ask other Schengen Area countries to consider a unified approach to the entry of Belarusian and Russian citizens to the EU, Baltic News Network reports, citing LSM. Earlier, a group of Russian citizens arrived in Latvia as part of an Azerbaijani football team, using Schengen visas issued by a third…

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