Offers for airBaltic sale being considered

The Transport Ministry is currently analyzing concrete proposals made by potential investors of Latvia’s national carrier airBaltic and is not ruling out the airline’s full privatization, the ministry’s state secretary Kaspars Ozolins told the LETA news agency October 23.

Supreme Court challenges high-earner tax

The Constitutional Court ruled today that Section 6 of the Solidarity Tax Law was not in line with the principle of equality enshrined in the Constitution, reports LETA October 19.

Riga heating company to sack 230 people

The Rigas siltums (Riga Heat) heating company is to sack 230 people next spring after it lost a public procurement deal, reported Latvian Radio October 17.

Riga municipal housing manager gets new leadership

Aivars Gontarevs has been appointed the board chairman of Rigas Namu Parvaldnieks (RNP) municipal housing manager, while Ardis Pavilsons has been appointed a board member, LETA was told at the Riga City Council on October 16.

Former bank regulator joins bank board

Latvia's former top financial regulator, Financial and Capital Market Commission (FKTK) head Kristaps Zakulis, has been confirmed as a member of the board at Luminor Bank, the LETA newswire reported on Friday 13th October.

airBaltic pulls its new CS 300 jet liners from service

Latvian national airline airBaltic on October 11 confirmed it had temporarily taken its seven brand new Bombardier CS 300 airliners from its flight schedules pending technical checks, reported LTV's Panorama daily news show.

Automation and employment under scrutiny

Journalists from the Baltic Center for Investigative Journalism, Re:Baltica, have released the latest in a series of features examining the future of Latvia's labor market.

Lithuania ratifies Rail Baltica

Lithuania's parliament on October 10 became the last of the three Baltic states to ratify an agreement that clears the line for the ambitious Rail Baltica infrastructure project to proceed.

Budget okayed by cabinet

The cabinet of ministers on October 10 approved the budget prepared by Finance Minister Dana Reizniece-Ozola, paving the way for it to be sent to Saeima on October 11.

Telia ready to give up control of merged telecom says minister

The Swedish telecommunications group Telia, the private shareholder in the Latvian telecommunication companies Lattelecom and Latvijas Mobilais Telefons (LMT), has notified the Latvian Economics Ministry that it would agree to the Latvian state obtaining a controlling stake in any new company created as a result of a merger between Lattelecom and LMT, Economics Minister Arvils Aseradens (Unity) told TV3 commercial television October 9.

Inflation 2.9% on year in September

The latest data of the Central Statistical Bureau (CSB) released October 9 show that during the year (in September 2017, compared to September 2016) the average level of consumer prices increased by 2.9 %. Prices of goods increased by 2.9 % and prices of services by 3.0 %

Latvia's 2018 budget figures are in

Latvia’s 2018 budget revenues are planned at EUR 8.75 billion, while expenditures are projected at EUR 8.95 billion, according to the draft law on the 2018 state budget, which has been drawn up by the Finance Ministry and submitted to the government, LETA reported October 6.

Looming Latvian labor gap comes under scrutiny

Investigative journalism outfit the Baltic Center for Investigative Journalism, Re:Baltica, has released the second feature in its ongoing series about the demographic challenges facing Latvia.