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…
Lithuanian President Gitanas Nauseda’s national security adviser, Marius Cesnulevicius, supported a proposal to tighten controls on Russian transit through Lithuanian territory to and from the Kaliningrad region, BNS reports. Earlier, MP Arvydas Anusauskas of the conservative opposition Homeland Union proposed amendments that would cut the transit time from the current 24 hours to 6 hours, ELTA…
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 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 consumer price index (CPI) rose by 2.2% on year in July 2026, according to Statistics Estonia, ERR reported. The annual increase in prices was the smallest since April 2021. The average price of goods went up by 1% and services by 3.9%. Compared to June 2026, the CPI rose by 0.5%. Lauri Veski, consumer…
Estonia has signed an agreement with the European Commission on up to EUR 2.34bn in long-term loans for defence investments through the EU’s Security Action for Europe (SAFE) programme, ERR reports. Under the agreement, the loan period will be 45 years. The Ministry of Defence will use the SAFE funding to acquire air defence capabilities,…
