Latvia Financial News

Latvia’s government has extended restrictions on the entry of Russian citizens into the Baltic country until next year

World leaders and Russian opposition activists wasted no time on Friday in blaming the reported death of imprisoned opposition leader Alexei Navalny on President Vladimir Putin and his government. «It is obvious that he was killed by Putin,» said Ukrainian President Volodymyr Zelenskyy, who was visiting Berlin as he sought aid for his country as it fights off an invasion by Russia. «Putin doesn't care who dies — only for him to hold his position. This is why he must hold onto nothing. Putin must lose everything and be held responsible for his deeds,» Zelenskyy added.

Russia is preparing for a military confrontation with the West within the next decade and could be deterred by a counter build-up of armed forces, Estonia's Foreign Intelligence Service said on Tuesday. A growing number of Western officials have warned of a military threat from Russia to countries along the eastern flank of Nato, calling for Europe to get prepared by rearming. The chief of the intelligence service said the assessment was based on Russian plans to double the number of forces stationed along its border with Nato members Finland and the Baltic States of Estonia, Lithuania and Latvia.

Vladimir Putin castigated Europe for “Russophobia" and aimed the Baltic States for their human rights record during the inauguration of a World War II memorial on Saturday. As reported by Reuters, over the past nearly two years since deploying Russian troops into Ukraine, Putin has consistently drawn parallels with the struggle against the Nazis as a means to unify his nation. Also Read: Putin Has Staked Russia’s Resources on Victory in Ukraine.

Nordic Baltic Eight (NB8) is a regional cooperation format that includes Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The NB8 is an innovation and technological powerhouse, while India, with its increasingly strong focus on technology, offers immense opportunities for partnerships.

Also Read: Google Doodle celebrates Czech Republic Freedom and Democracy Day 2023. All you need to know The most significant parade in Riga draws a large crowd, with thousands of spectators cheering for military personnel and marching bands as they proceed.

Independence Day with parades, concerts, fireworks, and flag-raising ceremonies. They are traditionally dressed in long-sleeved dresses called kaftans and decorated robes with pointed hoods called djellabas. They are also waving the national flag, which is represented in today's artwork in red and green colors.

Google Doodle on November 18 marks Oman's National Day, honouring the oldest independent state in the Arab world. The doodle symbolizes the country's liberation from Portuguese forces on this day in 1650, ending almost 150 years of colonization. The festivities begin with students singing Oman's national anthem, "as-Salâm as-Solṭâni," fostering national pride.

Netflix enthusiasts who chuckled their way through the debut season of 'Fisk,' the Australian comedy that premiered globally on August 1, 2023, are in for a treat. The highly anticipated Season 2 is poised to hit Netflix screens in December 2023, offering another dose of legal humor and witty banter for select regions.

Estonia’s Prime Minister Kaja Kallas is signaling that she's willing to put her name forward for NATO’s top job when it falls vacant next year

GoCardless, the British fintech company backed by Alphabet's venture capital fund GV, is considering more mergers and acquisitions as it looks to grow market share in the highly competitive online payments space.

Romanian Air Force after thundering through the sky above the Fetesti air base, as NATO bolsters its military presence in member country Romania, bordering Ukraine. Following Russia's invasion of Ukraine in February 2022, NATO has stepped up its efforts to boost the alliance's southeastern flank defences by sending additional battlegroups to the region. NATO has also intensified its joint drills along the defence bloc's wider eastern flank — which encompasses eight member countries — spanning from Estonia and Latvia bordering Russia in the east to Romania and Bulgaria on the Black Sea. The most recent joint exercise in the region — held between October 16 to 20 — for the first time brought together French and Romanian airmen and their planes.

The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil.

From skate parks and construction sites to train stations and bus stops, a pair of Bitcoin-loving graffiti artists from Barcelona, Spain have been working tirelessly to spread the good word about Bitcoin.

Pope Francis’ views on Russia and its invasion of Ukraine are alienating many Catholics in Central and Eastern Europe, who believe that the pontiff is understating Russia’s historic expansionism in the region and the threat it poses today. The pope’s recent praise of the 18th-century Russian empire that subjugated Ukraine stirred outrage well beyond Ukraine itself.

FRANKFURT (Reuters) -Euro zone inflation is stubbornly high with upside risks, so the European Central Bank's next move could still be a rate increase before cuts come onto the agenda, several policymakers said on Thursday.

Fintech innovations and emerging technologies have swept the world, causing global lawmakers to rush to understand and regulate them. 

Poland has begun enforcing an entry ban on all Russian-registered passenger cars seeking to enter the country

European Central Bank cuts interest rates in the first half of next year would be a mistake, according to Governing Council member Martins Kazaks. Wage growth in the euro zone hasn't yet peaked and it's unclear how quickly underlying inflation will retreat, the head of Latvia's central bank said. Last week's decision to lift borrowing costs for a 10th straight time puts the ECB more solidly on track to reach its 2% target in 2025, but it's too soon to exclude another hike. “The market shouldn't expect that we would jump too early to cut rates,” Kazaks said in an interview. “We'll start cutting rates when we see that we consistently and significantly start to undershoot our target, and what I can say clearly is that expectations of a rate cut in spring or early summer in my view are not really consistent with the macro scenario that we have.” Traders are starting to price cuts from April of next year and some economists see them as early as June. Projections presented last week show that inflation in the 20-member euro area will take another two years to reach 2%, even as price pressures are set to slow sharply in the coming months. The economy is seen returning to quarterly growth rates of 0.4% in 2024 after stagnating for most of 2023.

Poland has begun enforcing an entry ban on all Russian-registered passenger cars seeking to enter the country

Estonia, Latvia and Lithuania have banned vehicles with Russian license plates from entering their territory as part of the European Union’s recent new interpretation of sanctions against Moscow over its war on Ukraine