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Category: Business

“There are signals that cannot be ignored” – Latvian Minister of Transport comments on Gauss’s dismissal

08.04.202510.04.2025 Ogres

The decision by the Ministry of Transport to dismiss Martin Gauss, CEO of the national airline airBaltic, was primarily influenced by the company’s…

New feature on airBaltic website allows passengers to change flight dates

02.04.202503.04.2025 Ogres

Latvia’s national airline airBaltic has introduced a new feature on its website allowing passengers to change their flight dates via the “My Booking”…

Aven receives approval to transfer 235.9 million into frozen Latvian bank account

27.03.202527.03.2025 Ogres

Russian-Latvian dual citizen and billionaire Petr Aven has received authorization to transfer 235.9 million euros into a frozen bank account in Latvia from…

Three LDz subsidiaries to be merged

27.03.202528.03.2025 Ogres

To optimise costs and operational processes, it is planned to merge the three subsidiaries of “Latvijas dzelzceļš” SJSC (LDz) – LDz Cargo Ltd,…

600 million? Unofficial LMT and Tet buyout price revealed – government remains silent

25.03.202525.03.2025 Ogres

The estimated value of the buyout deal for the telecommunications companies Latvijas Mobilais Telefons (LMT) and Tet may reach approximately 550–600 million euros,…

From a small budget to millions – how much profit has Flow made?

21.03.202522.03.2025 Ogres

The worldwide box office revenue of director Gints Zilbalodis’s award-winning animated film Flow reached 36 million US dollars (over 33 million euros) as…

Will the new minister of Transport repeat the mistakes of his predecessor? Dispute over port leadership

14.03.202515.03.2025 Ogres

Unofficial sources indicate that the Ministry of Transport (SM) intends to reappoint senior official Inguna Strautmane as the Chairman of the Board of…

Experts criticize Siliņa’s “restart”: it will do nothing for the economy

13.03.202513.03.2025 Ogres

From an economic perspective, there is nothing in Prime Minister Evika Siliņa’s (JV) proposed government “restart” plan that could provide any additional boost,…

Alcohol prices on a rise in Latvia – how much does wine, beer and strong beverages cost now?

28.02.202528.02.2025 Ogres

From Saturday, the 1st of March, excise duty rates for all types of alcoholic beverages in Latvia will increase, as reported by the…

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