Latvia will extend the closure of its airspace zone along the eastern border with Belarus and Russia during nighttime hours, from 8:00 p.m. to 7:00 a.m., starting on October 8, and continuing until further notice, the Ministry of Defence reports. According to the ministry, this decision follows recent airspace violations in other NATO countries and…
Cargo turnover in Latvian ports is unlikely to return to its previous levels in the coming years, Elina Strodaha, a board member of the Latvian Stevedoring Companies Association (LSA), says. She emphasized that ports must seek new business models, including developing manufacturing, renewable energy projects, and technology. “Port authorities and companies have identified a number…
Latvia has borrowed 1.25 billion euros on international financial markets, according to information published by the State Treasury. On September 25, the State Treasury, on behalf of Latvia, priced a 10-year eurobond issue, raising 1.25 billion euros with a yield of 3.583% and a fixed coupon rate of 3.5%. Latvian government securities were purchased by…
According to an informational report submitted to the government by the Ministry of Finance titled “On Priority Measures to Be Included in the State Budget Law for 2026, 2027 and 2028”, an additional 565.5 million euros is planned for the government’s set priorities in the 2026 state budget – security, support for families with children,…
The Latvian Health and Social Care Workers’ Trade Union (LVSADA) demand for an additional 133 million euro to raise medical workers’ salaries by at least 13.5% is currently not realistic, according to the Minister of Health Hosams Abu Meri (New Unity). His communications adviser Ilona Osa noted that Latvia’s fiscal space for next year amounted…
Minister of Finance Arvils Aseradens (New Unity) has expressed hope that work on Latvia’s 2026 state budget will soon move forward in the Cabinet. Aseradens admitted that talks with coalition partners were taking longer than usual, but said this was understandable given the very limited resources available for new political initiatives. According to him, these…
Various analysts believe that September will bring several factors that will lower crude oil prices on the world market. Although at the end of August the price of oil increased compared to the middle of the month and was traded at $68 per barrel, a short-term price decline is expected in the future. “Experts who…