Baltic and Polish leaders urged the EU to allocate necessary funding for the Rail Baltica railway project under the EU’s multiannual financial framework in 2028-2034, the Office of the President of Lithuania reported. In a joint letter to European Council President António Costa and European Commission President Ursula von der Leyen, the leaders reaffirmed the…
The incumbent mayor of the Lithuanian capital, Vilnius, Valdas Benkunskas, will seek a second term in office in the municipal elections due to be held in March 2027, BNS reports. If re-elected, he said that his priorities would include renovating residential courtyards and expanding transport infrastructure. Benkunskas, who is a member of the conservative Homeland…
The Latvian parliament, the Saeima, has approved in an extraordinary session an urgent law that allows the state to bail out the country’s ailing national airline, airBaltic, LSM reports. The law, which was rushed through parliament in just one day, will allow the government to acquire around EUR 30mn of more airBaltic bonds. Also, the…
All members of the supervisory and management boards of Latvia’s Road Traffic Safety Directorate (CSDD) have resigned, following a massive data leak at the agency, LSM reports. Earlier, President Edgars Rinkevics stated that CSDD’s management could not continue in office due to the scandal, DELFI reported. He has asked Latvia’s Prosecution Office to assess the…
A recent cyberattack against Latvia’s Road Traffic Safety Directorate (CSDD) breached the data of as many as 1.2 million people and around 200,000 companies, LETA reported. Latvia’s population totals a little over 1.8 million people, LSM noted. The attackers obtained personal and company data contained in payment receipts dating back to 2008. The compromised information…
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…
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,…
Lithuania is drawing up a contingency plan in the event that Latvia’s national airline, airBaltic, reduces flights or withdraws entirely from Lithuania, Transport Minister Juras Taminskas announced, BNS reports. Earlier, Latvian Finance Minister Maris Kucinskis said that airBaltic would likely need to reduce its operations. Taminskas said that a sudden suspension of airBaltic’s flights would…
