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Category: Business

airBaltic plans to return three more aircraft – including one painted in Latvian flag colours

10.11.202611.11.2026 Ogres

Latvia’s national airline airBaltic is seeking to terminate the leases of three additional Airbus A220-300 aircraft, including one painted in the colours of…

Potentially the largest cryptocurrency theft in history – hackers breach world’s biggest crypto exchange Binance

30.10.202630.10.2026 Ogres

Hackers have targeted Binance, the world’s largest cryptocurrency exchange, in an attack that could result in losses of up to $6.3 billion. Analysts…

175 million euros lifeline for airBaltic – US court approves financing but imposes strict conditions

20.10.202620.10.2026 Ogres

The US Bankruptcy Court for the Southern District of New York on Monday approved the release of the remaining 35 million euros under…

airBaltic asks US court to approve 250,000-euro monthly advisory fee

16.10.202616.10.2026 Ogres

Latvia’s national airline airBaltic has asked a US court to approve the appointment of financial advisory group Seabury, with a monthly fee of…

Latvian tax authority freezes Amber Latvijas balzams bank accounts again

14.10.202615.10.2026 Ogres

Latvia’s State Revenue Service (VID) has once again frozen the bank accounts of alcoholic beverage producer Amber Latvijas balzams following the termination of…

Russian grain transit ban could cost hundreds of millions – Kulbergs explains why Latvia cannot impose it

14.10.202614.10.2026 Ogres

Latvia is currently unable to increase railway infrastructure charges for Russian grain transit by 300% or impose a complete ban, Prime Minister Andris…

airBaltic losses soar to 128.2 million euros despite rising revenue and passenger numbers

13.10.202613.10.2026 Ogres

Latvia’s national airline airBaltic Group recorded losses of 128.2 million euros in the first half of 2026, compared with losses of just 1.7…

J.P. Morgan entitled to 300,000 euros a month for preparing Tet and LMT deal

12.10.202612.10.2026 Ogres

US investment bank J.P. Morgan is entitled to receive 300,000 euros per month for preparing the acquisition of shares in Latvian telecommunications companies…

Number of AI companies in the Baltics grows by 53% · BNN

02.10.202603.10.2026 Ogres

The number of artificial intelligence (AI) companies in the Baltics has grown by more than half over the past year, from 184 to…

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