Latvia: KNAB searches Sigulda municipal council in criminal probe

Latvia’s Corruption Prevention and Combating Bureau (KNAB) has conducted a search at the Sigulda municipal council as part of ongoing criminal proceedings, LETA reports. Municipal spokespersons refused to disclose more details, however. According to sources, one municipal councillor and a local businessman were implicated in the criminal investigation. LTV reported that the investigation was looking…

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Latvia: Economy will be fragile in 2023: central bank chief

While Latvia’s economy is generally resilient and the labour market remains strong with low unemployment, the economy will still face significant fragility in 2023, Martins Kazaks, president of the Bank of Latvia, warned, LSM reports. Speaking in an interview on LTV, Kazaks emphasised the need for economic transformation in order to avoid falling behind other…

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Latvia: State Police seize documents at Ventbunkers

Latvia’s State Police have initiated proceedings against the Ventspils-based oil product terminal operator, Ventbunkers, seizing documents, LTV’s Panorama programme reports. Aivars Gobins, board chairman of Ventbunkers, said that the police action was related to a case that has been under investigation for five years and the statute of limitations for which was coming to an…

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