Latvia needs to set a maximum price cap on the Rail Baltica railway project, Prime Minister Evika Silina stated, LETA reports. Speaking at a meeting of a parliamentary committee of inquiry on the project, Silina stressed that the biggest problem right now was funding. She said that the Ministry of Transport was “painting visions” and…
The Latvian parliament, the Saeima, has rejected a motion of no confidence submitted by the opposition National Alliance against Transport Minister Kaspars Briskens, LSM reports. Altogether 48 MPs voted against the motion, 43 in favour, and none abstained. The opposition’s criticism was related to problems at state-owned postal company Latvijas Pasts, national air carrier airBaltic,…
Latvia’s three-party coalition government remains stable, Prime Minister Evika Silina assured, LSM reports. Speaking in an interview with LTV, Silina said that the main issues facing the government included next year’s budget, tax reforms, funding for the Rail Baltica railway project, and the planned IPO of national air carrier airBaltic. However, the Prime Minister implied…
Latvia’s Transport Minister, Kaspars Briskens, has no intention to resign despite criticism of his communication, LSM reports. Earlier, President Edgars Rinkevics and Prime Minister Evika Silina criticised the minister’s messaging on the future of the country’s national air carrier, airBaltic, and the Rail Baltica railway project. Speaking after a meeting with Briskens, Rinkevics said that…
Baltic transport ministers called for increased EU funding for strategic transport infrastructure projects, The Baltic Times reports. The ministers insisted that the Connecting Europe Facility has to remain one of the key instruments in the EU’s next multiannual financial framwork as of 2028, with sufficient funding for cross-border transport, energy, and electronic communications projects. They…
Latvian President Edgars Rinkevics criticised Transport Minister Kaspars Briskens for his communication on the development of the country’s national air carrier, airBaltic, and the Rail Baltica railway project, LSM reports. Rinkevics said that the minister’s communication had been a “complete failure.” Speaking after her meeting with the President, Prime Minister Evika Silina said that she…
The Latvian government will have to relinquish its controlling stake in the national air carrier, airBaltic, “sooner or later,” Prime Minister Evika Silina said, LETA reports. The government wants airBaltic to operate more on market principles, she stated. If airBaltic’s planned IPO fails, the government will make a “separate decision” on the company’s future, Silina…
The Latvian government has decided to launch an initial public offering (IPO) of shares in the state-owned national air carrier, airBaltic, by the end of 2024, ERR reports. Transport Minister Kaspars Briskens said that the IPO would proceed concurrently with talks with a new strategic investor, LSM reported. He said that the state only planned…
A strategic investor has shown interest in Latvia’s national air carrier, airBaltic, Transport Minister Kaspars Briskens revealed, LETA reports. He suggested that the investor could acquire a minority stake in airBaltic before the company’s possible IPO. Briskens refused to disclose the name of the potential investor. No talks are currently under way with Estonia or…
