KNAB to investigate airBaltic CEO’s possible conflict of interest
Latvian Corruption Prevention and Combating Bureau (KNAB) has commenced an investigation in order to assess the compliance of the actions of Martin Gauss,…
Category: Business
Latvian government slow to decide airBaltic CEO’s fate – delegates decision to shareholders
On Monday, the 6th of January, parties of the ruling coalition in Latvia failed to decide on the replacement of the CEO of…
ZZS: Martin Gauss has lost all trust and may no longer remain CEO of airBaltic
Martin Gauss, Chairman of the Board of the Latvian national airline airBaltic, has lost the trust of the Union of Greens and Farmers…
Society no longer trusts airBaltic – minister suggests changing management
Latvian national airline “airBaltic” needs new management, said Latvian Minister of Economics Viktors Valainis in his interview to Latvijas Radio on Friday, the…
airBaltic announces cancellation of several thousand flights this summer
This summer, the Latvian national airline airBaltic will discontinue flights on 19 routes due to engine maintenance delays, canceling a total of 4…
Šķēle family’s holding expands capital to almost EUR 80 million
The holding company “Sabiedrība privātajiem ieguldījumiem” LLC owned by ex-Prime Minister of Latvia Andris Šķēle has increased its capital to EUR 79 166…
Ministry of Finance rejects parliamentary inquiry committee’s criticisms about Rail Baltica
Latvian Ministry of Finance categorically disagrees with the final report from Saeima’s parliamentary inquiry committee and the criticisms and conclusions listed in it…
Top 50 biggest Baltic companies rating includes only eight Latvian companies
The Top 50 list the largest Baltic companies published by the international risk management company “Coface” this year includes 26 companies from Lithuania,…
“Inter IKEA Group” acquires “IKEA” retailers in Baltic States
“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size…
