Latvia slows down Rail Baltica – 4 million euros still missing
The Baltic joint venture RB Rail AS still requires 4.091 million euros in funding from Latvia this year (excluding VAT) to cover its…
Category: Business
Government debt in Latvia rising faster than the EU and eurozone average
In the fourth quarter of last year, Latvia experienced a sharper increase in general government debt relative to gross domestic product (GDP) compared…
OPINION | Rail Baltica promises evacuation – just without trains or a destination
Opinion piece by Ilona Bērziņa Rail Baltica promises the evacuation of nearly 100 000 people per day. Where? How? With what? The project…
The race for airBaltic leadership begins – several candidates have already expressed Interest
Several candidates have already expressed interest in becoming the next CEO of Latvia’s national airline, airBaltic, the company’s interim chairman of the board,…
Cheaper oil – will gasoline prices drop in Latvia?
Retail prices for diesel and gasoline in Latvia may decrease if current trends in the global market persist over the long term, fuel…
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…
“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…
