Events, data and analysis from the Baltic economies
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Events, figures and analysis from Latvia.
The Latvian airline has received €140 million in emergency funding, but its Chapter 11 restructuring is opening a dispute over the value of aircraft collateral, creditors’ repayment rights and the future of state ownership.
PhotoAmber Latvijas balzams, the historic producer of Riga Black Balsam, is facing possible bankruptcy after creditors rejected its restructuring plan and Latvia’s tax authority froze its bank accounts again. The future of one of the country’s largest spirits…
PhotoIn 2025, almost everything in Latvia was shrinking: the population, births, remigration, immigration and even the number of deaths. Yet employers and universities continued to draw thousands of people from abroad. Their numbers are far too small to…
PhotoLatvia has allocated €3.2 million in public funding this year for measures promoting investment and exports. Meanwhile, MiTek Industries, part of Warren Buffett’s Berkshire Hathaway group, says its new Latvian company has spent four months trying to obtain…
PhotoTThis week airBaltic’s Chapter 11 reaches its next important checkpoint. Objections to the final DIP financing order are due on October 2, ahead of the final hearing on October 9 in the U.S. Bankruptcy Court for the Southern…
PhotoairBaltic has entered a US court-supervised Chapter 11 restructuring after months of attempts to stabilise its finances. Flights continue and the airline has commitments for €350 million of new financing. The procedure now has to answer a more…
PhotoŠkoda Group has bought 36% of L-Ekspresis
PhotoS&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.
PhotoA 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…
PhotoRescuing the airline could reward late bond buyers, protect Riga’s hub and preserve capacity for Lufthansa Group.
PhotoLatvia 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…
Photo13,000–15,000 vehicles cross Latvia’s Pāternieki border checkpoint in an average month.
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