Fuel prices surge as Latvian government urged to prepare support measures
Latvia’s government is being urged to prepare potential support measures as fuel prices continue to climb, after Economics Minister Viktors Valainis warned that…
Category: Business
Latvia’s central bank reveals what’s happening with loans and deposits as lending continues to grow
Lending in Latvia continued to expand during the first half of 2026, despite rising financial market interest rates and geopolitical uncertainty, according to…
Latvia plans full-cycle artillery rocket manufacturing plant with up to 90 million euro US investment
Latvia has taken a significant step towards expanding its defence industry after Economics Minister Viktors Valainis signed a memorandum of understanding on the…
While Baltic ports empty, Russian ports grow richer. Was this really the goal of sanctions?
Opinion article Every year, Latvia hears the same message: the state is short of money. There is not enough funding for healthcare, defence,…
Rising oil prices could hit Baltic inflation harder if tensions persist, economist warns
Renewed tensions between the United States and Iran have once again raised concerns about a broader conflict in the Middle East, sending oil…
Hungary’s OTP Bank to acquire Baltic lender Luminor
Hungary’s OTP Bank is set to enter the Baltic banking market through the acquisition of Luminor Bank, according to a statement published on…
LMT and Tet deal: Latvian PM demands an “easy-to-understand explanation” of the planned transaction
Latvian Prime Minister Andris Kulbergs (United List) says he is still not convinced that the planned buyout of shares in Latvijas mobilais telefons…
Latvia’s State Forests acquires 5,000 hectares of forest land in Latgale from Swedish owners
Latvijas valsts meži (LVM), Latvia’s state-owned forest management company, has completed its largest land acquisition to date, purchasing nearly 5,000 hectares of productive…
23 investors compete for LMT and Tet as Latvia nears landmark telecom deal
The Latvian government is holding advanced negotiations with 23 potential investors over participation in the planned acquisition of LMT (Latvijas Mobilais Telefons) and…
