Ukrainian Foreign Minister Andriy Sibiga thanked Latvian Foreign Minister Baiba Braže, who is visiting Kyiv, for additional energy support for Ukrainians.
“Special attention was paid to supporting the energy system, especially on the eve of winter. The Russian Federation’s attacks have caused significant damage, so such support is critically important. We are grateful for the additional decisions made by our friends to support our energy stability,” he said at a press conference with his Latvian counterpart Baiba Braže in Kyiv on Thursday.
According to the press service of the Ukrainian Foreign Ministry, the Ukrainian side is grateful for Latvia’s additional contribution of EUR 125,000, which will contribute to the restoration of energy facilities, uninterrupted power supply, and stabilization of the energy system.
Sybiga also expressed gratitude to Latvia for its comprehensive support of Ukraine from the first days of the full-scale invasion, in particular for its annual defense assistance amounting to 0.25% of Latvia’s GDP. In total, its volume has already exceeded 1.6% of Latvia’s GDP.
“This includes weapons, ammunition, training of military personnel, and financial support. We are also grateful to Latvia for joining the PURL and for the recent transfer of 42 PATRIA 6×6 armored personnel carriers,” the foreign minister added.
The minister thanked his colleague for rebuilding critical and civil infrastructure in the Chernihiv region and for providing recreation in Latvia for children from the Ukrainian region. The ministers discussed the implementation of this year’s projects in the Chernihiv region, totaling EUR 5.7 million, as well as prospects and priorities for next year.
“Yesterday, you opened two facilities in Chernihiv that were rebuilt with Latvian funds: the pediatric wing of the Chernihiv Central District Hospital and the Human Rights Protection Center. We greatly appreciate these efforts,” Sibiga said.
The overwhelming majority of Ukrainians have a positive attitude towards Latvia, which indicates a consistently high level of sympathy for this country. These are the results of a sociological survey conducted by Active Group in collaboration with the Experts Club analytical center.
According to the results, 72.7% of respondents rated Latvia positively (41.0% — completely positive, 31.7% — mostly positive). A neutral attitude was expressed by 21.3% of respondents, while only 5.3% declared a negative position (2.3% — completely negative, 3.0% — mostly negative). Only 0.7% of respondents said they had no information about this country.
“The survey results show an extremely high level of trust and sympathy among Ukrainians towards Latvia. This country is perceived not only as a political ally, but also as a partner that consistently supports Ukraine in the international arena,” said Alexander Pozniy, head of Active Group.
In turn, Maksim Urakin, co-founder of Experts Club, drew attention to the economic indicators of bilateral trade.
“According to the results of the first six months of 2025, trade turnover between Ukraine and Latvia reached $263.9 million. Ukrainian exports amounted to $154.2 million, while imports amounted to $109.7 million.
The positive balance amounted to more than $44.5 million, which favorably distinguishes Latvia among Ukraine’s other trading partners in the EU,” the expert emphasized.
Thus, Ukraine and Latvia not only maintain a high level of mutual sympathy, but also demonstrate balanced and mutually beneficial trade and economic cooperation.
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ACTIVE GROUP, BALTIC STATES, EXPERTS CLUB, LATVIA, Pozniy, SOCIOLOGY, TRADE, UKRAINE, УРАКИН
The President of Ukraine, Volodymyr Zelenskyy, accepted credentials from the newly appointed ambassadors of Cyprus, Michalis Firillas, Latvia, Andrejs Pildegovičs, and Pakistan, Kanwar Adnan Ahmed Khan, according to the press service.
“Volodymyr Zelenskyy and Michalis Firillas discussed increasing sanctions pressure on Russia, food security, joint projects within the European Union, the security situation in the region, and cooperation with partners, particularly in multilateral formats,” the statement said.
In addition, Zelensky and the Cypriot ambassador discussed Ukraine’s future membership in the European Union and priorities during Cyprus’ presidency of the Council of the European Union in the first half of 2026.
The president also discussed with Pildegovičs the development of the PURL initiative, increasing pressure on Russia, and humanitarian aid. The ambassador assured that Latvia would actively promote Ukraine’s interests at the UN next year when the country becomes a non-permanent member of the organization.
Zelensky discussed with the Pakistani ambassador the development of bilateral cooperation, particularly in the defense and military-technical spheres, as well as partnership in trade and food.
A sharp drop in the Euribor interbank rate by 0.25 percentage points in June 2024 and subsequent easing reduced the cost of mortgage lending. This brought buyers back to the market, especially large families and investors.
After the winter slump, an unexpected surge in transactions was observed in January: the number of available properties fell by more than a third, and some market segments experienced shortages. This signaled a recovery in demand.
New changes in legislation have eased refinancing conditions, with a number of fees abolished and commission thresholds reduced. This has encouraged homeowners who are willing to change their loan terms.
Renting a home to avoid extreme risks is becoming a lifestyle choice—renting is no longer just a temporary measure, but a full-fledged alternative to buying. Cafes, coworking spaces, and city services have moved renting into a new category.
Latvians continue to invest in housing abroad, especially in Southern Europe, and foreign investors are attracted by the growing rental market – but government regulation has already restricted short-term rentals in some countries.
There is active construction of rental housing (ALTUM projects) in the regions. However, housing shortages in cities such as Ventspils, Cesis, and Jurmala remain a problem.
According to estimates, average housing price growth rates in Latvia are expected to be in the range of 3-7% by the end of the year. For example, a 60 m² apartment in Riga for €150,000 could rise in price to €154,500-160,500.
Breakdown by property type:
Property type Growth forecast
Studio (30 m², €75,000) to €77,250-80,250
Apartment (75 m², €200,000) to €206,000-214,000
Penthouse (100 m², €500,000) up to €515,000-535,000
Where the highest price growth is expected
In 2024 , the Latvian residential real estate market showed moderate growth and stability despite global economic challenges.
In Riga, apartment prices increased by 5-7% year-on-year, while in other major cities, such as Daugavpils and Liepaja, the growth was around 3-4%.
Most transactions with new apartments in the capital were concluded in the price range of EUR 100,000 to 150,000, indicating a steady demand for mid-market housing.
In 2024, there was an increased interest in suburban real estate due to the changing preferences of buyers seeking more spacious and environmentally friendly housing.
However, the segment of new buildings saw a one-third decline in sales, while sales in the secondary market and in prefabricated buildings increased.
The rise in mortgage interest rates due to the increase in the Euribor rate led to a decline in real estate activity. Many buyers have taken a wait-and-see attitude, waiting for lending conditions to stabilize.
Experts expect the real estate market to revive in 2025. Lower interest rates and stabilization of the economic situation may stimulate demand for housing. The market is expected to become more dynamic, and buyers will be willing to invest in green architecture and energy-efficient housing.
However, the issue of prices will remain relevant, and buyers will have to choose between more spacious housing outside the city or smaller apartments in the center. All in all, 2025 promises to be a favorable year for the Latvian real estate market, with the possibility of increased activity and price stabilization.
Source: http://relocation.com.ua/analiz-rynku-zhytlovoi-nerukhomosti-la/
The Latvian government has approved the transfer of a new military aid package to Ukraine, which includes anti-aircraft guns and a tactical unmanned surveillance system, Latvian Prime Minister Eвіка Silinia said.
“The government has just approved the transfer of NBS anti-aircraft guns, a tactical unmanned surveillance system and other necessary materials to the Ukrainian armed forces. This will help to improve both Ukraine’s air defense and intelligence capabilities,” she wrote on social media platform X on Tuesday.
“With each delivery, we demonstrate our friendship to the people of Ukraine and their fight against the aggressor Russia, which is the greatest threat to peace and security in the world. Latvia annually allocates 0.25% of its GDP for military assistance to Ukraine. We will continue to support Ukraine on a bilateral basis and together with our allies,” the Latvian Prime Minister added.
