FDP: Rail Baltica funding model no longer sustainable, fiscal risks increasing
Risks associated with the construction of the Rail Baltica railway project persist and are increasing, and the project’s current funding model is no…
Category: Business
“There are signals that cannot be ignored” – Latvian Minister of Transport comments on Gauss’s dismissal
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
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
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
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
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?
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
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
From an economic perspective, there is nothing in Prime Minister Evika Siliņa’s (JV) proposed government “restart” plan that could provide any additional boost,…
