The Latvian government held an extraordinary meeting of ministers to discuss the Ministry of Transport’s report on the current situation of the country’s ailing national air carrier, airBaltic, on 30 July 2026, LSM reported. The government nominated the State Treasury to represent the state at airBaltic’s bondholder meeting on 3 August 2026. At the meeting,…
Latvia’s State Treasury has raised EUR 1bn with a new bond issue on international financial markets, LSM reports. The government bonds have a maturity of seven years, carry a yield of 3.525%, and have a fixed coupon rate of 3.500%. The bonds were purchased by more than 70 investors, mostly European asset managers. Total investor…
The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to…
Latvia’s State Treasury has issued seven-year eurobonds worth EUR 600mn on international financial markets, LETA reports. The bonds will mature on 25 January 2032. The bond yield is 3.138%, and the coupon is 3%. Demand for the bonds among investors amounted to almost EUR 5bn. The number of investors was 140. In May 2024, Latvia…
Latvia’s state debt will remain below 50% of GDP in the coming years, Kaspars Abolins, head of the Latvian State Treasury, assured, LETA reports. Currently, the state debt stands at slightly over EUR 18bn, which is around 44% of GDP and one of the lowest in the EU, Abolins noted. The State Treasury expects the…
The Latvian state will have to borrow at least EUR 3bn annually for the next four years, Kaspars Abolins, head of the State Treasury, announced, LETA reports. He said that the state needed to refinance earlier Eurobonds and finance the state budget deficit and loans to local governments. The plan was to raise the money…
