The Latvian government has decided to extend the repayment period on a EUR 30mn emergency loan issued to the country’s national airline, airBaltic, until the end of 2026, LSM reports. The loan was due by the end of August 2026. Also, the government gave conceptual approval to buying an additional EUR 30mn of airBaltic’s bonds…
The Latvian government said that the financial situation of the country’s national airline, airBaltic, was “very serious,” LSM reports. Earlier, S&P Global Ratings lowered airBaltic’s credit rating from CCC+ to CCC- with a negative outlook, LRT reported. The agency noted that airBaltic’s had insufficient funds to cover its financial obligations and the government may not…
Latvia’s national airline, airBaltic, will reduce flights from Lithuania in winter 2026/2027, BNS reports. The company will suspend flights from Vilnius to Berlin and Dubai, and from Palanga to Tenerife. Also, airBaltic will have less flights from Vilnius to Tallinn. Edvards Dalderis, spokesman of airBaltic, insisted that the reductions were not related to the company’s…
Estonia’s annual inflation may drop below 4% in 2026, the Ministry of Finance forecasts, ERR reports. Kristjan Pungas, economic analyst at the ministry’s fiscal policy department, linked the projection to the easing of the conflict in the Middle East. He noted that Estonia’s inflation rate was one of the lowest in the eurozone in June…
Over a quarter of people in the Baltic States could not afford one week of annual holiday travel away from home in 2025, according to Eurostat data, LSM reports. In Lithuania, 30.9% of residents could not afford one week of holiday travel in 2025, which was down from 32.2% in 2024. The corresponding share was…
The Estonian state expects the state-owned airport operator, Tallinn Airport, to attract new airlines and to offer regular flights to at least 60 destinations by 2030, ERR reports. Tallinn Airport should serve 5 million passengers per year by 2030, according to the new guideline document signed by Infrastructure Minister Kuldar Leis. Tallinn Airport operates seven…
The EU should ban the entry of over a million Russians for their involvement in the war of aggression against Ukraine, Estonia’s Interior Minister, Igor Taro, stated, BNS reports. Estonia has thus far added thousands of names to the list of individuals barred from entering the Schengen Area. Speaking in an interview with Kuku Raadio,…
The prime ministers of the Nordic-Baltic Eight (NB8) countries announced that the group would cooperate with Ukraine on military expertise and training, information sharing, and the development of their defence industries and technology, ERR reports. Joining the summit meeting in the Estonian capital, Tallinn, Ukrainian President Volodymyr Zelensky said that Ukraine was ready to supply…
The three Baltic States have joined eight other European countries in calling on the EU to impose tighter restrictions on visas for Russian citizens, ERR reports. The joint letter from the foreign and interior ministers of nine EU member states, Norway, and Iceland stated that “Russians should not be sunning themselves on European beaches while…
