Latvia’s national air carrier, airBaltic, has no plans to ask the government for more money, CEO Martin Gauss stated, LSM reports. Speaking in an interview with LTV, Gauss said that the company had to raise additional capital from international investors on the stock market instead. Earlier, Klavs Vasks, chairman of airBaltic’s supervisory board, surmised that…
Most Latvians think that the quality of life in Latvia became worse in 2024, according to a new SKDS poll for LTV, LSM reports. The survey showed that 30.3% of Latvian residents believed that the quality of life deteriorated slightly in 2024, while 11.7% said that the quality of life worsened significantly compared to 2023….
Several well-known politicians in Latvia were employed as fake consultants by Riga’s municipal public transport company, Rigas Satiksme, according to LTV’s De Facto programme, LETA reports. A court in Riga has accepted Rigas Satiksme’s plea deal, which identifies 16 fictional consultants, including several members of the company’s board and municipal councillors. Some of them represent…
Latvia’s State Revenue Service (VID) will contact 260 construction companies that are paying atypically low wages to their workers, LETA reports. Speaking in an interview with LTV, VID director general Baiba Smite-Roke noted that the companies were paying wages that were significantly lower than the average. The aim was to ascertain whether the companies were…
Latvia’s three-party coalition government remains stable, Prime Minister Evika Silina assured, LSM reports. Speaking in an interview with LTV, Silina said that the main issues facing the government included next year’s budget, tax reforms, funding for the Rail Baltica railway project, and the planned IPO of national air carrier airBaltic. However, the Prime Minister implied…
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….
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…
Latvia’s Public Electronic Mass Media Council (SEPLP) has told the state-owned TV channel, LTV7, to provide all content in Latvian only as of 1 January 2025, BNS reports. Currently, LTV7 carries programmes in Russian as well. Earlier, the Latvian parliament, the Saeima, approved a new national security concept that obliges Latvia’s public broadcasters to have…
Latvians are very enthusiastic to take part in national defence, the commander of the Latvian National Armed Forces (NBS), Lieutenent General Leonids Kalnins, stated, LETA reports. Speaking in an interview with LTV, Kalnins said that the public had shown “enormous interest” in the recently announced open application for basic military training for reservists. Also, interest…