Insights

Raitis Logins, Partner at the international financial advisory firm Grant Thornton Baltic, notes that the primary benefit to society from merging the Ministries of Health and Welfare would be more efficient and less bureaucratic coordination of healthcare and social services within the sector, rather than financial savings or workforce optimisation.

A financial expert from Grant Thornton Baltic analyses the financial situation of airBaltic, the potential for state support and the airline’s role in the Latvian economy, including its impact on tourism exports and the development of Riga Airport.

From 2026, Latvian company owners may choose between two dividend distribution models: either continue applying the existing 20% corporate income tax (CIT) regime or opt for a more attractive split-tax regime on distributed profits — particularly favourable for foreign investors — consisting of 15% CIT and 6% personal income tax (PIT).