175 million euros lifeline for airBaltic – US court approves financing but imposes strict conditions
The US Bankruptcy Court for the Southern District of New York on Monday approved the release of the remaining 35 million euros under…
Category: Business
airBaltic asks US court to approve 250,000-euro monthly advisory fee
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
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
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
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
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
The number of artificial intelligence (AI) companies in the Baltics has grown by more than half over the past year, from 184 to…
airBaltic has accumulated 503 million euros in debt and 856 million euros in lease liabilities
On the 14th of September this year, when Latvia’s national airline airBaltic filed for restructuring under Chapter 11, its funded debt stood at…
Stevedoring companies accuse NA of populism over grain transit: loud slogans with no understanding of consequences for Latvia’s economy
The Latvian Stevedoring Companies Association (LSA) has sharply criticised the National Alliance’s (NA) proposed ban on the transit of Russian grain, arguing that…
