Latvia - VibeWire Magazine

LDz freight crisis deepens with 27,7 million euro loss

Guest authors
March 5, 2025
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The loss of freight volumes is making a big dent in Latvian Railways’ (LDz) financial health. With a 27,7 million euro pre-state aid loss in…

airBaltic Gets 50th Airbus A220-300 With Special Livery

Guest authors
February 9, 2025
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airBaltic welcomed its first Airbus A220-300, then known as the CSeries CS300, in 2016.

Latvia could ‘effectively withdraw’ from Rail Baltica as money remains a problem

Guest authors
January 28, 2025
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Latvia cannot seem to rid itself of funding problems for Rail Baltica. The issue has reached a new breaking point: If Riga cannot find an…

airBaltic’s Chairman Announces Departure In February

Guest authors
January 21, 2025
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Klāvs Vasks remarked that the past 18 months have been a crazy rollercoaster ride.

airBaltic Talks With “Strategic Investor” Hit A Snag

Guest authors
January 6, 2025
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airBaltic’s chairman has warned that shareholders’ action was needed to secure the airline’s long-term future.

Conceptual agreement on Riga bypass for Rail Baltica in Latvia

Guest authors
November 28, 2024
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The Latvian government has reportedly “conceptually agreed” on initially bypassing the capital city Riga within the framework of Rail Baltica to save on expenditures. However,…

Latvia considering 1 billion euro loan to bridge Rail Baltica funding gap

Guest authors
November 19, 2024
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The projected costs of Rail Baltica have been mounting, and so has the funding gap. In order to secure the necessary money for the critical…

Financial strain may limit Rail Baltica to a single track only

Guest authors
October 29, 2024
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Rail Baltica has been Europe’s flagship cross-border rail project, but exploding construction costs have led to a re-evaluation of its ambitions. It is especially Latvia…

Lufthansa Said To Be Negotiating A 10% Stake In airBaltic

Guest authors
October 25, 2024
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Lufthansa is now reportedly interested in three other European airlines besides ITA Airways: TAP Air Portugal, Air Europa and now airBaltic.

Latvian rail freight continues trend of 25% volume drop

Guest authors
October 17, 2024
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Rail freight in Latvia is continuing on its downward path. During the first nine months of 2024, the country recorded a drop of 25,5 per…