What Selective Default Means — and Whether airBaltic Can Make It Through the Crisis
S&P Global Ratings downgraded airBaltic to SD, or Selective Default, and lowered the rating on its €380 million senior secured bonds due in 2029 to D.
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Latvia
Events, figures and analysis from Latvia.
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Archive / Search →After 1.2 Million People’s Data Were Compromised, Latvia’s CSDD Faces a Leadership Crisis
A cyberattack on Latvia’s Road Traffic Safety Directorate (CSDD) has developed into a wider governance crisis after authorities disclosed the scale of the breach and shortcomings in the institution’s cybersecurity arrangements. Data affecting 1.2 million individuals and around…
PhotoairBaltic’s Distressed-Debt Gamble: Who Wins If It Survives?
Rescuing the airline could reward late bond buyers, protect Riga’s hub and preserve capacity for Lufthansa Group.
Photo€168.1 million — Latvia’s NGO funding dispute
Latvia paid €168.1 million from the state budget to NGOs in 2025. The funding went to 1,940 organisations — about 7% of the country’s 27,884 registered associations and foundations. The figures are at the centre of a sharp…
PhotoLatvia Big Figure: 13,000–15,000 vehicles cross Pāternieki each month
13,000–15,000 vehicles cross Latvia’s Pāternieki border checkpoint in an average month.
PhotoairBaltic’s August Test: Can Latvia Demand Commercial Responsibility While Ignoring Its Own Role as Controlling Shareholder?
Asked about airBaltic’s future in a 16 June interview on Latvian Television, Prime Minister Andris Kulbergs said that the state had to “stop acting as an ATM”. The demand is understandable. airBaltic needs a credible business plan, a…
PhotoLatvia’s LVM cyberattack is no longer just a company incident
Around 7,000 reportedly stolen employee passwords, deleted backups, a possible personal data breach and a state-owned company linked to election-system development: the cyberattack on Latvijas valsts meži (LVM) has moved beyond a normal company-level IT incident.
PhotoLatvia’s stable banks, narrower core
Latvia’s officially recognised systemic banking core has narrowed
PhotoThe Purple Tomato Case: why Latvia’s GMO seedling case matters
GMO tomato seedlings in Latvia exposed a regulatory gap: Norfolk Purple moved through a gardening fair and informal seed channels.
PhotoLatvia’s non-bank lenders issued over €1bn in consumer loans in 2025
Latvia’s licensed non-bank lenders issued €1.003bn in new consumer loans in 2025, while their separate business-purpose lending portfolio exceeded €1.1bn by year-end.
PhotoWhat Operating Environment Is Latvia Selling to Foreign Investors?
Baltic Focus analysisEditor: Galina Molochkova Riga has just hosted a dense run of investor-facing events built around stability, innovation, competitiveness and aftercare. But Latvia’s domestic administrative signal raises a practical question: what kind of state will foreign investors…
PhotoLAU Infra Grupa IPO tests Latvia’s market for state-controlled infrastructure assets
Official materials describe LAU Infra Grupa as the first Latvian state-owned enterprise potentially to list shares on the stock exchange.
PhotoBarcelona rental money and the Latvian source-of-wealth question
A story about illegal short-term rentals in Barcelona has developed a Latvian financial and business angle.
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