• August 19, 2025
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Latvia

Latvian State Audit Office criticises recovery of investments in airBaltic during Covid pandemic

The Latvian State Audit Office has charged the government with failing to monitor the recovery of investments made in the Latvian flag carrier airBaltic during the Covid-19 pandemic, seeing them [..]

Nonstop Riga-Dubai flights to begin in December

The United Arab Emirates airline flydubai will start operations at the Riga International Airport on December 12 this year, offering nonstop flights between Riga and Dubai three times per week, [..]

Latvian government minister: Health care, defence cannot be kept separate

Latvian Health Minister Hosam Abu Meri has declared that healthcare and defence are not separate in that it is impossible to make do without hospitals, medicines and physicians during wartime. [..]

Latvian PM: Latvia good place to invest in drone manufacturing

Latvian Prime Minister Evika Silina attended a defence innovation summit, Drone Summit 2025, in Riga on Wednesday, declaring that the use of drones will expand more and more in future [..]

Latvia’s first capital market activity barometer has been created

Latvia’s leading investment bank Signet Bank in cooperation with the national information agency LETA has developed the Latvian Capital Market Activity Barometer (hereinafter – the Barometer). It is the first [..]

Swedbank offering loan to building project in Riga

Swedbank Latvia has announced a loan of EUR 44 million to the Novira Plaza Riga business centre, which is being developed in Riga by the Lithuanian financial services company Evernord’s [..]

AirBaltic launches nonstop flights between Vilnius, Prague

The Latvian flag carrier airBaltic began nonstop flights between Vilnius, Lithuania, and Prague in the Czech Republic, on Thursday. Flights between the two capital cities will be offered on Thursdays [..]

Riga named as affordable destination for short European trips

The UK’s Post Office Travel Money 2025 study, as published in the Financial Times, shows Riga to be the most affordable destination for short trips in Europe, LETA learned at [..]

Brewery reports yearly rise in non-alcoholic beer sales

The joint-stock brewery Aldaris reports that it sold 21.4% more non-alcoholic beer last year than during the previous year. This was down to improved offers and the development of smaller-volume [..]

Non-bank loans undergo annual increase in Latvia

Licenced players in the consumer (non-bank) lending market in Latvia issued loans with a value of EUR 811.838 million in 2024, which was EUR 67.58 million (9.1%) more than in [..]

Latvian Parliament to consider bill on construction of unconventional places of worship

Latvia’s Saeima, or Parliament, voted to forward to the Public Administration and Local Government Committee amendments to the law on construction which have been proposed by the Latvian Alliance of [..]

Tech group experiences revenue drop

SAF Tehnika Group manufactures wireless data transmission equipment, and it has posted data showing net revenues of EUR 20.93 million during the period between July 1, 2024, and March 31, [..]

Niam Infrastructure and Evecon advance 110 MW renewable energy platform in Latvia

Niam Infrastructure, a Nordic real assets investor, announces the launch of the second phase of its renewable energy platform in Latvia, developed in partnership with Baltic clean energy developer Evecon. [..]

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 [..]

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Apollo opened its first entertainment center in the Baltics – Apollo Plaza – in Rotermann quarter

Source: Pixabay.com (illustrative picture)

Latvian startups post financial information

28 February 2022, Sachsen, Schkeuditz: Three Antonov An-124 cargo planes from the Russian Volga-Dnepr Group are parked at Leipzig/Halle Airport. Photo: Jan Woitas/dpa-Zentralbild/dpa Credit: Jan Woitas/dpa-Zentralbild/dpa

Several Russian aircraft grounded at German airports since 2022

Source: fntt.lrv.lt (illustrative picture)

Lithuania’s FCIS detains ex-Prime Minister Paluckas’s brother in Palanga

29 July 2025, Baden-Württemberg, Stuttgart: A sign with a Mercedes star can be seen in Stuttgart. Photo: Markus Lenhardt/dpa Credit: Markus Lenhardt/dpa

Mercedes boss gives three reasons why business is currently so tough

Vladimir Putin and Donald Trump at the summit in Alaska on August 15, 2025. Source: SCANPIX / ZUMA / err.ee

Estonian MP: Putin wanted to humiliate the US – and he succeeded

Source: latvijav.basket.lv

Latvia vs Lithuania – Baltic rivals deliver overtime thriller in EuroBasket warm-up

Photo: Pixabay.com (illustrative picture)

AI in the workplace: how artificial intelligence is changing the corporate landscape

To meet the growing reporting obligations, companies increasingly need to turn to artificial intelligence and other digital solutions for support. Photo: European Commission

The European Union introduces a general sustainability reporting requirement for companies

Source: Pexels.com (illustrative picture)

Not only fleet management. How modern telematics powers asset tracking

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