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What's happening in Europe?
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Latvia
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Wednesday, October 07, 2026
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An investigation into illicit tobacco production has found that the business is highly profitable and strikingly unhygienic. Factories generating millions in revenue were found to be processing tobacco contaminated with rat urine.
The national airline, airBaltic, is facing its own turbulence as a group of private bondholders expresses dissatisfaction with the carrier’s financial state. Elsewhere, economist Pēteris Strautiņš has suggested the national economy is being held back by a 'small-time vendor' mentality that favors caution over growth.
A month after a natural disaster in Nepal and Tibet, thirty-three travelers remain missing. Among them are three individuals who had intended to complete a trek around the sacred Mount Kailash.
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Top Stories
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An investigation into illegal cigarette factories in Latvia has revealed operations generating millions in revenue. Authorities discovered unsanitary conditions, including rat urine, in the tobacco used for production.
Delfi:
Millions from one truck: Discussion on illegal cigarette factories in Latvia
An investigation into illegal cigarette production facilities in Latvia reveals millions in revenue and the presence of rat urine in the tobacco.
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A group of private bondholders of the airline airBaltic has publicly expressed their dissatisfaction with the company's current financial situation.
Delfi:
Several private airBaltic bondholders and bondholder group dissatisfied
A group of private bondholders for the airline airBaltic are expressing their dissatisfaction with the company's financial situation.
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Economist Pēteris Strautiņš highlighted how a 'small-time vendor' mentality has negatively impacted Latvia's economy and outlined necessary reforms for the government to address business environment challenges.
IR:
What Latvians Can and Cannot Do: Conversation with Economist Pēteris Strautiņš
Economist Pēteris Strautiņš explains how the economy has suffered from a 'small-time vendor' mentality in Latvia's business environment and what reforms should be demanded from the government.
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The retail sector is undergoing significant changes with the widespread adoption of self-checkout systems and the emerging trend of stores operating entirely without cashiers, along with an expanded range of products in vending machines.
IR:
Store Without a Cashier
Retail is undergoing significant changes, with self-checkout widely adopted and now the emergence of stores without cashiers and a broader range of products available in vending machines.
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Latvian startup PrintyMed is making advancements in medical technology by developing biomaterials from artificial spider silk for the creation of artificial organs, with a membrane-on-a-chip product slated for market release.
IR:
Dream of Artificially Created Organs
Latvian startup PrintyMed develops biomaterials for medicine from artificial spider silk, with membrane-on-a-chip being their closest product for market launch, and their CEO's long-term dream could revolutionize future medicine.
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Daily news summaries from Latvia
Part of the frontpages.eu European news digest
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