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,…
Category: Business
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…
Fitch places airBaltic on negative rating watch, warning of possible default
International credit rating agency Fitch Ratings has placed both Latvia’s national airline airBaltic and its secured bonds on Negative Rating Watch, according to…
“It’s absurd!” Pellet shortages return to Latvia as prices keep rising, minister responds
Latvia’s pellet producers must give priority to meeting domestic demand, Climate and Energy Minister Jānis Vitenbergs said on Wednesday after meeting representatives of…
Russia cashes in: Fertilizer exports generate billions for the aggressor state
The European Union’s ban on the transit of Belarusian mineral fertilizers through EU member states is generating hundreds of millions—and potentially billions—of U.S….
