Lufthansa said on Wednesday it had agreed to receive a stake of 10% in Latvian airline airBaltic, as the German airline seeks to strengthen its international network. The stake will be issued in the form of convertible shares currently at a subscription price of 14 million euros,

Lufthansa has agreed to acquire a 10% stake in IPO-bound Latvian airline airBaltic, the German airline said on Wednesday, its latest move to expand its European presence and gain access to more planes to relieve its supply constraints.

Deutsche Lufthansa AG will buy a 10% stake in Latvian flag carrier AirBaltic AS as the German carrier group continues its consolidation push in Europe.

Latvia, a small Baltic country, is rapidly emerging as a potential fintech hub in the EU. The country is taking real strides to attract innovative financial companies, and it's worth exploring what sets Latvia apart.

Latvia's retail sales expanded at a stable pace in the final month of 2024, figures from the Central Statistical Bureau showed on

Copyright 2025 The Associated Press. All Rights Reserved. Swedish soldiers disembarked in the port of Riga, Latvia, Saturday, Jan. 18, 2025, to join a Canadian-led ...

"The calculations have shown a possible drop in prices for patients in total for both prescription and over-the-counter medicines by up to 20%,” Abu Meri told Euractiv.

A subsea data cable between Latvia and Sweden was damaged early Sunday, sparking a criminal investigation, a third such incident in the Baltic Sea in the past three months.

After a fiber optic cable was damaged near Sweden, Latvia sent a patrol boat to inspect a suspicious vessel in the Baltic Sea. Sweden later said it seized a vessel believed to have carried out the sabotage.

Zilbalodis directed the film and co-wrote the screenplay with Matiss Kaza. Flow debuted in the Un Certain Regard sidebar at the 2024 Cannes Film Festival, where it was only the second Latvian film to screen in any of the Cannes competitions.

Authorities suspect that the cable linking Latvia and Sweden was damaged by an anchor being dragged across the seabed. Read more at straitstimes.com.