The number of nights spent at tourist accommodation establishments in the Baltic States rose in 2025, according to Eurostat, LSM reports. However, the increase was due to foreign tourists, the data showed. Nights spent at hotels and other short-term accommodation establishments in Lithuania totalled 9.436 million in 2025, which was up 9.2% from 8.640 million…
Estonians travelled less and Lithuanians and Latvians more in 2025 than a year earlier, according to Eurostat, LSM reports. The data showed that Lithuanians made altogether 7.19 million overnight trips in 2025, which was up 4.4% from 6.89 million in 2024. The number of trips by Latvian residents totalled 5.04 million, which was up 3.0%…
Latvia’s Riga International Airport (RIX) served a total of 5.32 million passengers in the first nine months of 2026, which was as many as in the same period of 2025, LETA reported. Transit passengers accounted for 22% of the total, which was up from 20% a year earlier. Latvia’s national airline, airBaltic, accounted for 59%…
Latvia’s ailing national airline, airBaltic, recorded a loss of EUR 128.2mn in the first half of 2026, compared to a loss of just EUR 1.7mn in the same period of 2025, LETA reported. The aviation group’s revenues totalled EUR 399.2mn, which was up 14.2% from EUR 349.6mn in the first half of 2025. In the…
Latvia’s national air carrier, airBaltic, may cut 500-700 jobs at its bases in the three Baltic capitals, BNS reports. The company announced that it was in talks with trade unions on potential layoffs, which could affect about 20% of its total workforce. Currently, the airline employs around 3,000 people in the Baltic States. Meanwhile, Dace…
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…
