Aaron Eglitis
Correspondent at Bloomberg News
Bloomberg News correspondent for Latvia. Views are my own, retweets aren't endorsements.
Articles
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2 days 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.
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2 weeks 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.
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3 weeks 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.
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1 month 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).
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1 month 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.
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