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…
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…
Over a quarter of people in the Baltic States could not afford one week of annual holiday travel away from home in 2025, according to Eurostat data, LSM reports. In Lithuania, 30.9% of residents could not afford one week of holiday travel in 2025, which was down from 32.2% in 2024. The corresponding share was…
Estonian Prime Minister Kristen Michal stressed the importance of preserving the EU’s Schengen Area, insisting that creating new internal borders within the free movement area was “in no way in the interests of Estonia or Estonians,” ERR reported. He was responding to reactions to the recent sudden influx of irregular migrants from Morocco to Spain’s North…
The Estonian state expects the state-owned airport operator, Tallinn Airport, to attract new airlines and to offer regular flights to at least 60 destinations by 2030, ERR reports. Tallinn Airport should serve 5 million passengers per year by 2030, according to the new guideline document signed by Infrastructure Minister Kuldar Leis. Tallinn Airport operates seven…
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,…
