Aaron Eglitis

Riga

Correspondent at Bloomberg News

Bloomberg News correspondent for Latvia. Views are my own, retweets aren't endorsements.

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Articles

ECB Will Soon Reach Terminal Rate If Baseline Holds, Kazaks Says

1 month ago | bloomberg.com | Aaron Eglitis

Martins Kazaks(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks said interest-rate cuts are nearing an end, assuming the base case for inflation stabilizing at 2% over the coming months comes to pass. “If the current baseline holds, we will soon reach the terminal rate,” the Latvian official said Wednesday in a presentation for an MNI event.
Rheinmetall in Talks With Latvia on Manufacturing Arms Locally

1 month ago | bloomberg.com | Aaron Eglitis |Donato Paolo Mancini |Arne Delfs

A mobile air defense system at the Rheinmetall stand during the FEINDEF defense exhibition in Madrid, in May. (Bloomberg) -- The Latvian government is in talks with German weapons manufacturer Rheinmetall AG on producing defense equipment domestically as part of an effort by Baltic nations to bolster their military capabilities in the face of Russian aggression.
Estonia Calls In Russian Diplomat After Airspace Violation

1 month ago | bloomberg.com | Aaron Eglitis

A Russian Sukhoi Su-35 fighter jet. (Bloomberg) -- Estonia’s Foreign Ministry summoned the Russian embassy’s top official after a Russian military aircraft violated the Baltic country’s airspace. Portuguese F-16 jets stationed in Estonia responded to the intrusion by a Russian SU-35 fighter jet, the Baltic nation’s military said in a statement on Wednesday.
ECB’s Kazaks See Reason for Another Rate Cut, But Urges Caution

1 month ago | bloomberg.com | Aaron Eglitis

Martins Kazaks(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks urged for caution even as he backed a further reduction in borrowing costs. “The next monetary policy meeting is at the beginning of June and there will be new data and then we will see,” he said. “The financial markets at the moment are expecting another rate cut in June.
ECB’s Kazaks Hopeful That Step-by-Step Rate Cuts May Continue

2 months ago | bloomberg.com | Aaron Eglitis

Martins Kazaks(Bloomberg) -- The European Central Bank should be able to carry on with gradual interest-rate reductions, according to Governing Council member Martins Kazaks. “At the moment financial markets are expecting that rates will be lowered a few more times,” the Latvian central bank chief told public broadcaster LTV on Tuesday.
ECB’s Kazaks Warns Tariffs Raise Risk of Euro-Area Recession

2 months ago | bloomberg.com | Aaron Eglitis

(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks said that tariffs announced by the US were stoking uncertainty and raising the risk of an economic recession in the euro area. “Recession is not currently the base scenario, but with potentially such large-scale changes in geopolitics and global trade, its probability is high,” Kazaks, who is also governor of the Latvian central bank, said in a blog on Monday.
Latvia Reaches Out to Neighbors on Air Baltic Investment

2 months ago | bloomberg.com | Aaron Eglitis |Edward Clark

Air Baltic Corp. said in September that a share sale long in the works could raise as much as €300 million. (Bloomberg) -- Latvia has reached out to neighboring countries about investing in Air Baltic Corp AS, its premier said, after the state-owned airline dismissed its chief executive officer ahead of plans for an initial public offering. The airline said in September that a share sale long in the works could raise as much as €300 million ($332 million).
Air Baltic Fires CEO Gauss After Latvian State Withdraws Support

2 months ago | bloomberg.com | Aaron Eglitis

Air Baltic dismissed longtime Chief Executive Officer Martin Gauss following a vote of no confidence from the Latvian state, the airline’s main shareholder. The Latvian airline made the decision after reviewing 2024 financial results and plans for an initial public offering, the Latvian Transport Ministry said Monday in a statement. Chief Operations Officer Pauls Calitis will serve as interim CEO, the ministry said in the statement.
ECB’s Kazaks Says Interest Rate Cuts Can Continue If Baseline Holds

Mar 27, 2025 | bloomberg.com | Aaron Eglitis

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ECB’s Kazaks Says There’s More Still to Do on Inflation

Mar 13, 2025 | bloomberg.com | Aaron Eglitis

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...