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Kazaks urges banks to write off ''bubble'' era debts that have not been recovered

RIGA - Martins Kazaks, Governor of the Bank of Latvia, urges banks to write off the so-called "fat year" or "bubble" era deb...

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Rail Baltica presents project status and benefits to European partners

BRUSSELS – today more than 100 rail industry experts and policy makers will meet for the Rail Baltica Forum in Brussels. The Forum present...

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Alexela: The transition to cleaner fuels is necessary to achieve climate neutrality in transportation

Yesterday, Alexela opened at its largest petrol station on the Tallinn-Tartu highway, by the Paia intersection, with two commercial fast chargin...

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Olainfarm sets up subsidiary in Russia

RIGA - Latvia's Olainfarm pharmaceutical group has taken a strategic decision to set up a subsidiary in Moscow, Russia, LETA was told at the...

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Ryanair temporarily cuts number of Riga-Bergamo flights

RIGA - Irish low-costs carrier Ryanair said on Wednesday it will cut the number of short distance flights to and from Italian airports, includin...

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FCMC does not project novel coronavirus to have direct impact on banking sector

RIGA - The ongoing spread of the novel coronavirus Covid-19 is not expected to have a direct impact on the bank banking sector, Santa Purgaile, ...

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Estonia: Tallink to open a Burger King joint also in Balti Jaam train station in May

TALLINN – The listed Estonian shipper Tallink Grupp will open its second restaurant of the fast food chain Burger King in May in the histo...

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On the financial performance of Latvijas Banka in 2019

The Board of Latvijas Banka has approved Latvijas Banka's financial statements for 2019. According to the statements, Latvijas Banka'...

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airBaltic improves Facebook Messenger chatbot

RIGA - Latvian airline airBaltic has further improved its Facebook Messenger chatbot, by adding an option for passengers to send their travel it...

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Wizz Air temporarily cancels some flights from Vilnius to Tel Aviv due to virus

VILNIUS - Wizz Air has cancelled part of its flights from Vilnius to Tel Aviv as of the middle of March to early April as demand dropped due to ...

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