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.

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.

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.

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,

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

"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.

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 ...

Latvia said it had dispatched a warship on Sunday after damage to a fibre optic cable to Sweden that may have been "due to external factors".

Ukraine's largest private delivery company Nova Poshta invested Hr 1.8 billion ($43 million) to expand its Ukrainian network in 2024, a 35% increase from 2023, the company on social media. The company opened 1,

The 'My Love Affair with Marraige' director's next project tells the story of a tight-knit family striving to survive in Soviet-occupied Latvia.

Latvia needs to be prepared for any threats, said Commander of Latvian National Guard Aivars Krjukovs in an interview to “Ir” magazine, answering the question how real the risk of Russian invasion really is for Baltic States in the coming years.