Estonia: Nordic Aviation Group files for bankruptcy

Estonia’s state-owned Nordic Aviation Group (NAG) has filed bankruptcy applications for the Nordica and Regional Jet (Xfly) airlines, ERR reports. NAG decided to file for bankruptcy after Danish entrepreneur Lars Thuesen, minority shareholder of Latvia’s national air carrier, airBaltic, announced that he would not acquire Nordica due to the high business risks involved. Earlier, Nordic…

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Latvia: Several politicians implicated in Rigas Satiksme scandal

Several well-known politicians in Latvia were employed as fake consultants by Riga’s municipal public transport company, Rigas Satiksme, according to LTV’s De Facto programme, LETA reports. A court in Riga has accepted Rigas Satiksme’s plea deal, which identifies 16 fictional consultants, including several members of the company’s board and municipal councillors. Some of them represent…

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