State-owned and municipal companies in Latvia involved in building or maintaining critical infrastructure have begun dismissing Russian and Belarusian citizens, LETA reports. Under amendments to the law on national security, Russian and Belarusian citizens may not be employed in jobs with access to critical infrastructure. Latvian capital Riga’s municipal water utility, Rigas Udens, has terminated…
The Latvian government will discuss the listing of state-owned companies and municipal enterprises on the stock exchange in January 2024, LSM reports. The first company to be listed will be national air carrier airBaltic. Finance Minister Arvils Aseradens said that the list would include other companies as well. Enterprises that may be listed include telecommunications…
The Nordic Investment Bank (NIB) has signed an agreement with Latvian capital Riga’s heating supplier, Rigas Siltums, on a ten-year loan of EUR 20mn, LSM reports. Rigas Siltums will use the funds to finance its 2022-2023 investment programme to improve the district heating infrastructure in Riga. The company will invest a total of EUR 29mn…