President Faces Charges Amid Cyclone Warning; AirBaltic's Future Debated
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Latvia is bracing for a severe cyclone expected to hit on Saturday, with an orange weather warning likely to be issued. Meanwhile, President Edgars Rinkēvičs is reportedly facing charges, an escalation of the scrutiny he has faced following his sermon in Aglona.
The financial future of airBaltic is a key focus, with urgent discussions on shedding 'death bonds' and attracting new investors ahead of critical meetings. This comes as a minister characterized state aid to the airline as 'participation in a business plan' rather than a rescue.
In other news, a comprehensive list of companies trading with Russia and Belarus has been published, and the nation celebrates a historic victory as the U-16 men's basketball team triumphed at the European Championship.