• May 16, 2025
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Latvia

73% of Latvians generally satisfied with job

73% of Latvians are satisfied with their current job, with 17% being very satisfied, and 56% rather satisfied, the Kantar research company has told LETA. 25% are not satisfied with [..]

Signet Bank provides EUR 2 million financing for a regionally important company – “Seces koks”

Signet Bank has provided EUR 2 million in financing for the development of an energy-efficient and sustainable boiler house in Aizkraukle – “Seces koks”, which provides environmentally friendly heat production [..]

LMT to distribute Samsung smartphone in Baltics

Latvia’s mobile phone operator Latvijas Mobilais Telefons (LMT) has become the Baltic distributor of a military smartphone that was developed by the South Korean technology company Samsung, LMT told LETA. [..]

Latvian police consider decriminalisation of medical marijuana

The Latvian State Police would accept the decriminalisation of medical marijuana if experts were to declare that this would be a benefit, LETA learned from the agency. The police are [..]

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

International ratings agency Fitch Ratings has affirmed Latvia’s sovereign credit rating at ‘A-‘, maintaining a stable outlook, the agency announced in a statement. Fitch attributes the rating to Latvia’s credible [..]

Riga public transportation company to buy new buses

The Riga public transport company Rigas Satiksme is planning to purchase 120 new buses, the company told the LETA news agency. The company has launched market analysis in preparation of [..]

Two financial offers submitted to RIX terminal expansion construction tender

Two financial proposals have been submitted in the final stage of the international construction tender organised by Riga Airport for the expansion of its passenger terminal. These proposals will be [..]

Signet Bank launches “Capital Market Academy” for third year

Latvia’s leading investment bank, Signet Bank, has launched the third annual “Capital Market Academy”, a free educational initiative aimed at equipping Latvian entrepreneurs with both theoretical and practical knowledge on [..]

US currency depreciation may lead to lower petrol prices

The fuel category manager at the Circle K Latvia petrol retailer has told the LETA News Agency that depreciation in the value of the US dollar against the euro may [..]

Robbery in Riga Old Town poses questions about security

A robbery at a wristwatch shop in the Old Town of Riga has not suggested that there is an increase in overall crime in the country, but it does beg [..]

Salary of next airBaltic CEO depends on job contract

Remuneration for the next CEO of the Latvian flag carrier airBaltic will be depend on the individual job contract that is concluded with the selected candidate, the parliamentary secretary of [..]

Foreign travelers’ spending in Latvia up 5% in 2024

Foreign travelers spent EUR 1.239 billion while visiting Latvia last year, marking an increase of 5 percent compared to the previous year and 36.6 percent more than in 2019, the [..]

Join UP! Baltic increases turnover by EUR 10 million in 2024, earns EUR 3.25 million

Tour operator Join Up Baltic Ltd. increased its turnover by 15% to EUR 82.4 million and reached EUR 3.25 million profit in 2024. The company organised trips for more than [..]

RB Rail needs further cash from Latvia to cover costs

The Baltic joint venture RB Rail requires another EUR 4.091 million (not including VAT) to cover expenses in the Latvian leg of the system this year. LETA learned about this [..]

airBaltic launches search for new CEO

The Supervisory Board of Latvia’s flag carrier airBaltic has launched an international search for a new chief executive officer, LETA has learned at the company. The task for the new [..]

Beer production in Latvia up 7.3% in January-February

In the first two months of this year, a total of 10.813 million liters of beer were produced in Latvia, representing a 7.3 percent increase compared to January–February 2024, according [..]

Elron to test new passenger trains

Eesti Liinirongid, which is the Estonia passenger train operator operating under the Elron brand name, has announced that it will test a passenger train along the Riga-Valga section from Monday, [..]

Travel prices rise every year – Tez Tour

The prices of travel are increasing every year, said Rolands Birgelis, Chairman of the Board of tour operator Tez Tour, in an interview with LETA. He said that, as in [..]

Fuel prices decline across Baltic capitals

Fuel prices have declined in all three Baltic capitals this week, LETA has found. The most expensive 95-octane fuel is in Tallinn, followed by Riga and Vilnius. Meanwhile, the most [..]

ECB cuts interest rates

The European Central Bank (ECB) on Thursday decided to lower interest rates by a further 25 basis points. At a meeting in Frankfurt, the ECB Governing Council decided to cut [..]

“Flow” animated film’s communication campaign wins two gold awards at Mi:t&Links Baltic Communication Awards 2025

On April 11, 2025, one of the most significant events in the Baltic communication industry took place – the Mi:t&Links Baltic Communication Awards 2025. The communication campaign for the animated [..]

Latvian mobile app moving into Estonia

Mobilly, a payment solution with more than a million users, will start operating in Estonia this summer – it will be possible to pay with the Mobilly app at all [..]

McCann Riga named Latvia’s Agency of the Year at Baltic Communication Festival

On April 11, 2025, one of the most significant events in the Baltic communication industry took place – the Mi:t&Links Baltic Communication Awards 2025. At this event, McCann Riga was [..]

Riga Airport completes EU-supported energy supply modernization project

All planned activities under the project “Establishment of Electricity Supply and Charging Infrastructure in the Baltic States’ Airports in North Sea-Baltic CNC/TEN-T Corridor for the Transition to Environmentally Friendly Operations” [..]

Latvian Transport Ministry discusses role of Rail Baltica in case of military conflict

Should Latvia face a military conflict, the Rail Baltica railroad could transport as many as 100,000 people per day, according to a presentation made by the country’s Transport Ministry at [..]

Hopes for improvements in Latvia’s investment environment

The Foreign Investors Council in Latvia (FICIL) has told the LETA news agency that Latvia’s investment environment is better this year than it was last year. The statement was made [..]

Latvia may boost solar power share in electricity to 10% this year

The share of electricity produced in Latvia by solar power plants (SPP) might reach 10% of total production, which would be 3.3% more than last year, LETA learned at the [..]

Gauss sees no career opportunities in Latvia

The former CEO if Latvia’s flag carrier airBaltic, Martin Gauss, was sacked on April 7, and he told the LETA news agency that he sees no job or business opportunities [..]

Travel as part of employee well-being activities – an increasingly popular trend

In recent years, Baltic companies have increasingly incorporated travel into employee well-being and team-building programs. This trend has gained momentum, especially with the rise of remote work, as reflected in [..]

Latvia discloses forestry imports, exports

Latvia imported EUR 82.832 million worth of forestry products in January 2025, which was an increase of 16.3% over the same period in 2024, the country’s Agriculture Ministry has announced. [..]

Rimi Riga Marathon to host more than 40,000 runners this year

More than 40,000 athletes from more than 100 countries are scheduled to take part in this year’s Rimi Riga Marathon, organisers have told the LETA News Agency. They estimate that [..]

Tickets to Latvia’s EuroBasket matches against Turkey, Estonia and Serbia sold out

The Website that is selling tickets to Latvia’s group stage in this year’s European Men’s Basketball Championships (EuroBasket 2025) has announced that tickets to Latvia’s games against Turkey, Serbia and [..]

Artificial Intelligence Center to become innovative platform for leadership and excellence

The Center for Artificial Intelligence will become an innovative platform for leadership and excellence, Smart Administration and Regional Development Minister Inga Berzina (New Unity) said during the opening of the [..]

Swedish ferry operator taking over company in Latvia

The Swedish ferry operator Stena Line Scandinavia (Stena Line) is planning to become the sole owner of Baltreiss in Latvia, LETA learned at the Latvian Competition Council. Stena Line is [..]

Riga Plaza mall reports turnover growth

LSREF3 Riga Plaza, the owner of the Riga Plaza shopping mall, ended 2024 with EUR 12.821 million in turnover, which was a 6% increase against the year before. The company’s [..]

airBaltic increases flight frequency

The Latvian flag carrier airBaltic is increasing its flight frequencies from Riga, Tallinn and Vilnius to Amsterdam, the company told LETA. As of March 30, airBaltic will offer three flights [..]

57% of Latvians would invest in real estate

More than one-half of people in Latvia (57%) would invest spare money in real estate, Citadele Bank representatives told the LETA News Agency from a survey. Real estate also remains [..]

Bureaucracy, energy, taxes remain main problems in Latvia, Europe: expert

Current problems in Europe are the same as in Latvia – energy, bureaucracy and taxes, the president of the Latvian Chamber of Commerce and Industry (LCCI), Aigars Rostovskis, said at [..]

Voting for the best collector coin of 2024 is open

From 24 March to 6 April 2025, Latvijas Banka, in cooperation with the news portal Delfi, organises the traditional public vote “Latvia’s Coin of the Year 2024”. This vote will, [..]

LVR Flote’s new multi-purpose ice class vessel LAURA

The new multi-purpose ice class vessel LAURA was presented at the Freeport of Riga in the presence of the representatives of the Ministry of Smart Administration and Regional Development, the [..]

Nearly ½ of Latvians expect no change in their standard of living over next five years: Eurobarometer

The winter 2025 Eurobarometer survey shows that nearly one-half of respondents in Latvia expect no change in their personal standard of living over the next five years. 31% responded that [..]

Buyout price for LMT, Tet, estimated at EUR 550-600 million

The cost of shares which the Swedish Telia company owns in the Latvian telecoms companies Tet and Latvijas Mobilais Telefons (LMT) might be around EUR 550-600 million, LETA has learned [..]

Riga City Council committee supports broad restrictions on gambling

The Riga City Council Committee on Security, Order and the Prevention of Corruption approved draft binding regulations today to restrict the organisation of gambling in the administrative territory of the [..]

New “KALVE Espresso Room” in Riga Old Town

With an investment of approximately 90,000 euros, AS Kalve Coffee will open the doors of a new “KALVE Espresso Room” concept café/store on March 21 – located in the heart [..]

Specialist: Latvia making mistakes in preparing for future health crises

Uga Dumpis, Latvia’s chief infectious disease specialist, appeared on TV3 to say that nothing much has been done since the Covid-19 pandemic to prepare the country’s medical system for other [..]

Legal protections launched against construction company

The Riga City Court has declared legal protections against the Skonto Buve construction company and approved a plan of steps to be taken to ensure legal protection. This was reported [..]

Several flights between Riga, London cancelled

British Airways cancelled flights between Riga and Heathrow Airport in London on Friday, according to information at the Riga Airport. The problem is a power outage caused by a fire [..]

Latvia to restrict operations at three border checkpoints

Latvia’s Cabinet of Ministers on Tuesday approved a draft decision from the Interior Ministry to state that as of March 19, Latvia’s border crossing points with Russia and Belarus – [..]

Latvian President proposes changes in nominating various officials

Latvian President Edgars Rinkevics has proposed that the president of Latvia be given the right to nominate candidates for the governorship of the Bank of Latvia, the country’s ombudsman and [..]

Signet Bank grants EUR 6.9 million for further development of Liepaja’s Promenade Hotel and Art Hotel Roma

Signet Bank, Latvia’s leading investment bank, continues to support the development of local businesses by allocating EUR 6.9 million for the growth of Liepaja’s hospitality sector. The funding will be [..]

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Photo: rigassatiksme.lv (illustrative picture)

Riga public transportation company to buy new buses

German police officer holds a submachine gun during entry checks at the German-Polish border crossing Stadtbruecke. Photo: Carsten Koall/dpa Credit: Carsten Koall/dpa

Germany criticized by neighbours as police step up border checks

Photo: Pixabay.com (illustrative picture)

Lithuanian retail sales lower than EU average in March

Photo: https://www.facebook.com/NanoAvionics/photos_by

Satellite company plans expansion in Vilnius

Photo: coinvest.lt

Lithuanian avionics group raises new investments

Unused pipes for the Nord Stream 2 Baltic Sea gas pipeline, which runs from Russia to Germany, lie at the port site in the municipality of Sassnitz. Photo: Stefan Sauer/dpa Credit: Stefan Sauer/dpa

Nord Stream 2 operator given go-ahead to find new investors

Photo: lmt.lv

LMT to distribute Samsung smartphone in Baltics

A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. Photo: Hendrik Schmidt/dpa Credit: Hendrik Schmidt/dpa

Three Ukrainians arrested over planned sabotage for Russia in Germany

Photo: Pixabay.com (illustrative picture)

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

Photo: Pixabay.com (illustrative picture)

Lithuanian government approves tax reforms

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