Latvia: Ministers considered cancelling Rail Baltica: PM

Latvian ministers informally discussed the possibility of cancelling the Rail Baltica railway project but decided against such a move, Prime Minister Evika Silina revealed, LETA reports. Speaking in an interview with TV3, Silina said that the government concluded that abandoning the project would result in a significant loss of invested resources. Moreover, the project will…

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Latvia: Coalition to discuss “painful tax decisions” soon: PM

Latvia’s ruling coalition will soon need to discuss “painful decisions” on taxes, Prime Minister Evika Silina stated, LETA reports. Speaking in an interview with TV3, Silina said that simplifying taxation was an important priority. The Ministry of Finance has developed potential proposals for changes on real estate tax, labour costs, corporate income tax, VAT, small…

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Lithuania: Passenger train operator LTG Link appoints new CEO

Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), has appointed Kristina Meide as CEO of its passenger train operator, LTG Link, for a five-year term, BNS reports. Meide will replace interim CEO Gediminas Seckus. LTG Link’s previous CEO, Linas Bauzys, was appointed CEO of the Ignalina Nuclear Power Plant (IAE) in September 2023. Prior to her…

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Latvia: State Security Service probes gas company Latvijas Gaze

Latvia’s State Security Service (VDD) is investigating whether the decision of Latvian gas company Latvijas Gaze’s shareholder meeting to pay dividends to one of the company’s owners, Itera Latvija, violates EU sanctions on Russia, LETA reports, citing TV3. VDD stressed that providing financial resources to sanctioned entities, directly or indirectly, was prohibited. Latvijas Gaze insisted…

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