According to the latest data published by the Central Statistical Bureau, Latvia’s general government budget recorded a deficit of $1.093 billion last year, calculated in accordance with the European System of Accounts (ESA 2010) methodology, which corresponds to 2.5% of gross domestic product (GDP). Compared to 2024, the general government budget deficit increased by 366.9…
At a meeting of the Saeima’s Budget and Finance (Tax) Committee on April 16, deputies supported the draft decision on approving a state short-term loan to the national airline airBaltic, after reconsidering the issue. During the meeting, Transport Minister Atis Svinka once again emphasized the importance of the company and the need to support it.…
The Latvian government is set to review a request from national airline airBaltic for a short-term loan, the Ministry of Transport (SM) has announced. According to the government’s agenda, the Cabinet of Ministers will consider an informational report on the current situation at airBaltic during a closed session. The ministry stated that at the end…
The structure of the Baltic aviation market is gradually changing, and Lithuania is increasingly trying to strengthen its role within it, Andris Kalnins, president of the Latvian Hotel and Restaurant Association (LVRA), has said. He noted that for a long time the situation on the Baltic aviation map was clear. Riga Airport was the undisputed…
The share of locally produced milk in stores in Latvia has not significantly increased since the signing of the food price memorandum last May, according to Janis Solks, chairman of the board of the Latvian Central Union of Dairy Farmers. Solks stated that Latvian retailers continued to import large amounts of milk and dairy products,…
The Latvian national airline airBaltic reported a net loss of 44.337 million euros last year, 2.7 times smaller than in 2024, the airline announced. At the same time, the airBaltic Group’s turnover increased by 4.2%, reaching 779.344 million euros. In 2025, the airline carried 5.2 million passengers across its route network, representing a 1% increase…
Consumer prices in Latvia increased by 0.2% in February compared with January, while annual inflation fell to 2.3%, down from 2.9% a month earlier, according to data released by the Central Statistical Bureau of Latvia. At the same time, the average consumer price level over the past 12 months rose by 3.6% compared with the…