RIGA Latvia's president nominated Janis Bordans of the New Conservative Party as prime minister on Wednesday and the lawyer immediately pledged to form a government that would fight corruption and seek to restore faith in the rule of law.
RIGA Dissatisfied Latvians rejected the right-of-center ruling coalition in Saturday's parliamentary election but suspicion of the left-leaning pro-Russia party makes it likely the next government will be another formation of ethnic Latvian parties to the right.
RIGA Latvia's ruling coalition lost its majority and two newly formed parties took more than a quarter of the votes amid widespread disillusion with the Baltic country's politicians, the result in Saturday's parliamentary elections showed with 80 percent of the votes counted.
RIGA Latvians are set to vote on Saturday in parliamentary elections in which the rise of an anti-establishment party will test Riga's long-standing role as one of West's bulwarks against Russia.
RIGA, Latvia Pope Francis on Monday urged Latvians, who broke with the Soviet Union nearly 30 years ago, to cherish their hard-won freedom and to not forget the sacrifices of those who died for it.
RIGA/LONDON, Aug 23 Latvia must do more to
enforce its laws against financial crimes, a European monitoring
body said on Thursday, in a report published in the wake of the
collapse of the country's third largest bank in a money
RIGA The short-term market impact will be significant if Britain leaves the European Union without a deal, Foreign Secretary Jeremy Hunt said during a visit to Latvia on Wednesday.
RIGA/FRANKFURT Latvia's public prosecutor accused its central bank chief on Friday of accepting the offer of a 500,000-euro ($582,000) bribe, in a case that has rocked faith in the Baltic state and cast a cloud over the euro currency bloc.
RIGA Latvia's central bank governor will face prosecution over alleged bribery after a four-month-long investigation that turned up the spotlight on the financial system of the euro zone member state.
RIGA/FRANKFURT The European Central Bank will shut its hallmark bond purchase scheme by the close of the year, it said on Thursday, taking its biggest step yet toward dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn. | Video