Latvia recorded faster gross domestic product (GDP) growth in the fourth quarter of last year compared with the average in the European Union, according to data published on March 6 by the EU’s statistical office Eurostat. According to seasonally adjusted data, Latvia’s GDP in the fourth quarter of 2025 increased by 2.5% YoY. Overall, economic…
The coalition party Union of Greens and Farmers (ZZS) has called on the Transport Minister Atis Svinka to remove the restricted-access status from information related to the implementation and financing of the Rail Baltica project, according to a statement released by the party to the media. Members of the ZZS parliamentary faction point out that…
In January, Latvia’s unemployment rate stood at 6.9%, which was higher than the average levels in both the European Union (EU) and the eurozone, according to data published on March 4 by the EU’s statistical office, Eurostat. According to the data, higher unemployment rates among EU member states in January were recorded in Finland (10.2%),…
At the end of January, Latvia’s consolidated general government budget showed a deficit of 21.5 million euros, according to information published by the Fiscal Discipline Council (FDP). The FDP noted that at the same time a year ago, the consolidated budget balance showed a surplus of 37.3 million euros. At the end of January, the…
The development costs of the first phase of the Selija Military training area amount to approximately 36.5 million euros, the Ministry of Defence Press Department reports. On February 20, a live-fire training zone was officially inaugurated at the training area, marking a significant milestone in the development of Latvia’s defence infrastructure. The event was attended…
Latvia will allocate ten million euros to support Ukraine under NATO’s NATO Prioritised Ukraine Requirements List (PURL) fund, the government has decided. As Prime Minister Evika Silina (New Unity) explained on social media, the funding would be used to procure weapons and equipment to help Ukraine defend itself. The purchases will be made from Latvia’s…
On February 5, Minister of Defence Andris Spruds participated in the signing of a memorandum of understanding on establishing a specialised anti-tank mine and key component production facility in Latvia. The memorandum was signed by State Defence Corporation Ltd, represented by board member Ingrida Kirse, and the German defence industry company Dynamit Nobel Defence GmbH,…