Political posts and news in Budget that mention Apvienotais saraksts, from monitored Latvian public sources.
@JanisIkstens It was neither clear, nor what you said.
From@JanisIkstensKulbergs here clearly says that there will be no cutting of expenses (approx. 4th minute). Confusing. VIDEO: «Krustpunktā». Prime minister candidate discussion: https://t.co/Y7LITB5nkY
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Look, voters of @Apvienotais_ who care so much about the country, how @AndrisKulbergs will act today at the government meeting. Something will become clearer.
From@citskovskisjSmelling the burning smell, JV is feverishly pushing its party people into profitable positions. Tomorrow at the Cabinet meeting, they will consider the appointment of the transport minister R. Kozlovskis's advisor Skrodele to the Liepāja SEZ board. For more than 2 years the board could do without a Ministry of Transport representative, but now a month before the elections such haste. Liepāja SEZ board meetings average once a month, but the salary is around 35k per year. When the Cabinet and NGO Memorandum Council members were paid a measly 61 euros for attending a meeting, @AndrisKulbergs raised a huge fuss. He called it "sitting around" and eliminated the remuneration. Where is Andris this time? This time he won't eliminate it, because on the Liepāja SEZ board there are also his own from the United List. Back in 2024, the State Chancellery prepared amendments to the law to prohibit public officials from combining positions with the Liepāja SEZ and free port boards. We also planned to significantly reduce board member salaries. After lobbyists visited Siliņa, everything was adjusted. After all, one must support one's own.
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@SupaGreeg @karlis_serzants @AndrisKulbergs No, it gives no pleasure if it's not your tax money :(
From@SupaGreeg@E_Stendzenieks @karlis_serzants @AndrisKulbergs Šlesers' dad has many companies with boards and councils. Can't he spare a warm seat for his Goebbels?
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Kulbergs wants to ensure that all Baltic states triple tariffs on Russian grain transit.
Remember Vineta Kutkeviča, former member of the Rīgas siltums council. Kulbergs' investigative committee found that her husband's company has been very successful in RS procurement and she left her post… to end up on the RAKUS council. @AndrisKulbergs when will this nightmare actually end?
By the way, a decent debate. Surprised. Outside pre-election populism. I recommend. https://t.co/X94tUXGsBj
From@Apvienotais_🎙️ Prime Minister Andris Kulbergs on Latvian Radio 1 program “Krustpunktā” about the state budget, economic growth, security, and the future of Rail Baltica. “There will be no miracles. Before promising new benefits, we must answer how to cover the existing budget deficit and how to make Latvia earn more.” The previous government has prepared a budget with a shortfall of 238 million euros next year, and by 2030 this shortfall could grow to 1.3 billion euros. Andris Kulbergs emphasizes that the solution is not raising taxes, but reviewing state expenditures and economic growth. 🎧 Listen to the full conversation on Latvian Radio 1 program “Krustpunktā”: https://t.co/5lVfqZo47g #AndrisKulbergs #Krustpunktā #LatvijasRadio #APVIENOTAISSARAKSTS #MumsIrRisinājums #KulbergsIrRisinājums #LatvijaMumsIrRisinājums #7Saraksts #SaeimasVēlēšanas2026
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Municipalities cannot start drafting their budgets without data from the government
From@gatisliepinThe Finance Minister now says that the state budget is actually performing well and there is no reason to worry. Just a few months ago, politicians from the United List, while in opposition, were frightening with an apocalypse. Now that they have entered government, the rhetoric has changed. Now everything is fine, an urgent 800 million budget cut is not necessary. There is no longer any haste, it is September, but the finance minister and the prime minister have not even started preparing the budget in the government. Until now, the government always prepared a technical budget before elections, so that the next government could adjust it according to political reality after the elections. But now it looks like the new government will have to prepare the budget from scratch after the elections, and most likely we will live with the 2026 budget for some time in 2027 as well.
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LTRK: Assessment of the 100 days of the Kulbergs-led government is uneven against the priorities set by entrepreneurs.
In short: - 380 million € bonds with a 14.5% rate without significant restructuring - was a verdict for the company. - 30 million € loan - procrastination. - Up to 257 million € financing at a 25% rate - expensive procrastination. - The state and Lufthansa will not be investors in airBaltic. - Everything is supposedly in the hands of Kozlovskis and Unity - a strategic investor must be found. What was left unsaid: - What will be the most likely scenario? - There most likely will be no strategic investor. - There will be a creditors' meeting to decide on asset realization. - Therefore, the question remains unanswered: does the state plan to become the buyer of these assets so that in the future Latvia would have an airline with direct flights from Riga?
From@AndrisKulbergsDay No. 71 (Friday) in the prime minister’s seat ✈️—airBaltic: the new, expensive short-term private loan Let everyone be clear. The choice is between saving airBaltic or continuing to be a bad owner without money. As prime minister, I do not want the state to continue being a bad owner. We trust the professionals, the management board, the supervisory board and Kozlovskis. The plan was brought to the government, we approved it, anchored it in law, which provides for it. I have been saying for a month that decisions are in the hands of bondholders. In this loan, the state does not invest money in @airBaltic. The loan is private short-term financing (secured bondholders and a private fund without collateral cover) that gives Transport Minister Kozlovskis (JV), airBaltic management and the supervisory board 180 days to finally put the company in order and attract a strategic investor. 💶 The new loan is expensive because it reflects airBaltic’s real financial situation. It is in fact the last chance to save the company. In 2024, during Siliņa's government, airBaltic borrowed 380 million euros in very expensive bonds. Even then, this money was supposed to serve to put the company in order. But over two years the money was burned—costs were not cut, the number of aircraft/routes was not reviewed, and finances and debts were not put in order. The result is logical: the next money is even more expensive because lenders see the company’s current risk. 📌 Note — the new private loan’s interest rate is lower than the 30 million euro state loan supported by Siliņa's government and PRO in APRIL (without a plan, without a rescue strategy). Why lower? Because this government reduces the government’s role. It effectively removes the risk that the state as owner could behave inadequately. Immediately the market is ready to provide funds for restructuring. My position on airBaltic has been clear for a long time: 1️⃣ airBaltic’s future is now largely in the hands of bondholders, not shareholders. 2️⃣ The state as owner and airBaltic management could have put the company in order while it still had money. Weak cooperation between company management and political leadership also led to the fact that the then IPO plan was not realized. 3️⃣ This created a situation where the company has a weak financial position, but the owner—the state—has no free money with which to save the company. 4️⃣ If the state as owner has neither the resources nor sufficient experience and knowledge to pull the company out of a severe financial situation, then the state alone cannot save the company. (ZZS @ViktorsValainis understands very well and knows that Lufthansa refused and does not want to finance AB) 5️⃣ That is why the airBaltic management board and supervisory board, together with Seabury, have developed a plan to stabilize the company’s financial situation with the help of private financial investors—in principle without state money. 6️⃣ For this plan to be implemented, the state must let professionals work and must not create additional obstacles. This is the plan submitted to the government by Transport Minister Kozlovskis, which the government has accepted and for whose implementation the necessary legal framework has also been adopted. 7️⃣ 💼 Financial investors evidently believe that within six months the company’s finances can be put in order sufficiently for airBaltic to continue its development and attract a strategic investor. 8️⃣ Now Transport Minister Kozlovskis and the airBaltic supervisory board, which represents state interests, must do everything possible in these 180 days to attract a strategic investor for whom Riga is important as the main base. 🇱🇻 Latvia needs an investor who sees airBaltic’s long-term development specifically in Latvia, with its main base and jobs. Ideally, it would be a partner alongside whom the Latvian state could also retain or acquire a stake in the company in the future. 9️⃣ This is now the direct responsibility of the Ministry of Transport, Minister Kozlovskis and the airBaltic supervisory board. I will ask for regular reports on the potential investors approached and progress of negotiations. ⚠️ I am not satisfied with the current pace of approaching investors. We must get it together. These 180 days must not be wasted.
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From@AtminaLVBudget and finances — 33 positions Andris Kulbergs (@AndrisKulbergs): in the budget, larger revenues must be sought, because the rise in security spending must be covered; borrowed money must no longer go to consumption. Guntars Vītols (@guntarsv): neither linear cuts nor reducing the number of officials will solve the deficit. Jānis Hermanis (@J_Hermanis): Latvia is at a level that Estonia reached 14 years ago.
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Ratings are intoxicating and create pressure: after the honeymoon, conflicts in the coalition
VIDEO: Riga and “the rest of Latvia” – what needs to happen for the country's regions to thrive and develop?
From@DiegoMustafa5@AndrisKulbergs @Apvienotais_ When will charges be brought and compensation recovered from the previous airBaltic board and council members for driving the company to bankruptcy?
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Well, nice that you finally managed to explain. https://t.co/txA6yAFhtX
From@AndrisKulbergsDay No. 71 (Friday) in the prime minister’s seat ✈️—airBaltic: the new, expensive short-term private loan Let everyone be clear. The choice is between saving airBaltic or continuing to be a bad owner without money. As prime minister, I do not want the state to continue being a bad owner. We trust the professionals, the management board, the supervisory board and Kozlovskis. The plan was brought to the government, we approved it, anchored it in law, which provides for it. I have been saying for a month that decisions are in the hands of bondholders. In this loan, the state does not invest money in @airBaltic. The loan is private short-term financing (secured bondholders and a private fund without collateral cover) that gives Transport Minister Kozlovskis (JV), airBaltic management and the supervisory board 180 days to finally put the company in order and attract a strategic investor. 💶 The new loan is expensive because it reflects airBaltic’s real financial situation. It is in fact the last chance to save the company. In 2024, during Siliņa's government, airBaltic borrowed 380 million euros in very expensive bonds. Even then, this money was supposed to serve to put the company in order. But over two years the money was burned—costs were not cut, the number of aircraft/routes was not reviewed, and finances and debts were not put in order. The result is logical: the next money is even more expensive because lenders see the company’s current risk. 📌 Note — the new private loan’s interest rate is lower than the 30 million euro state loan supported by Siliņa's government and PRO in APRIL (without a plan, without a rescue strategy). Why lower? Because this government reduces the government’s role. It effectively removes the risk that the state as owner could behave inadequately. Immediately the market is ready to provide funds for restructuring. My position on airBaltic has been clear for a long time: 1️⃣ airBaltic’s future is now largely in the hands of bondholders, not shareholders. 2️⃣ The state as owner and airBaltic management could have put the company in order while it still had money. Weak cooperation between company management and political leadership also led to the fact that the then IPO plan was not realized. 3️⃣ This created a situation where the company has a weak financial position, but the owner—the state—has no free money with which to save the company. 4️⃣ If the state as owner has neither the resources nor sufficient experience and knowledge to pull the company out of a severe financial situation, then the state alone cannot save the company. (ZZS @ViktorsValainis understands very well and knows that Lufthansa refused and does not want to finance AB) 5️⃣ That is why the airBaltic management board and supervisory board, together with Seabury, have developed a plan to stabilize the company’s financial situation with the help of private financial investors—in principle without state money. 6️⃣ For this plan to be implemented, the state must let professionals work and must not create additional obstacles. This is the plan submitted to the government by Transport Minister Kozlovskis, which the government has accepted and for whose implementation the necessary legal framework has also been adopted. 7️⃣ 💼 Financial investors evidently believe that within six months the company’s finances can be put in order sufficiently for airBaltic to continue its development and attract a strategic investor. 8️⃣ Now Transport Minister Kozlovskis and the airBaltic supervisory board, which represents state interests, must do everything possible in these 180 days to attract a strategic investor for whom Riga is important as the main base. 🇱🇻 Latvia needs an investor who sees airBaltic’s long-term development specifically in Latvia, with its main base and jobs. Ideally, it would be a partner alongside whom the Latvian state could also retain or acquire a stake in the company in the future. 9️⃣ This is now the direct responsibility of the Ministry of Transport, Minister Kozlovskis and the airBaltic supervisory board. I will ask for regular reports on the potential investors approached and progress of negotiations. ⚠️ I am not satisfied with the current pace of approaching investors. We must get it together. These 180 days must not be wasted.
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From@SlesersAinarsI call on Prime Minister Kulbergs to address the Prosecutor General's Office with a request to initiate criminal proceedings against JV and Progressive politicians for squandering money on an especially large scale, in connection with Air Baltic!
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I call on Prime Minister Kulbergs to address the Prosecutor General's Office with a request to initiate criminal proceedings against JV and Progressive politicians for squandering money on an especially large scale, in connection with Air Baltic!
@AtminaLV There is no contradiction there. Spending public money is fundamentally spending. There is no conflict with the idea that borrowed money should not be spent, but invested with a return.
From@AtminaLVOn the same day, the budget becomes a dispute of principles, not a dispute of line items. Kulbergs: borrowed money must no longer go to consumption, only to projects with a return. @guntarsv offers the next coalition one overarching rule — by default, not to consider proposals that require more money next year than this year. @atis_svinka (PRO) wants to measure bank competition by how many families actually switch banks and how much they save. None of the three names a specific line item to cut.
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Experts rate Kulberg's 100 days as prime minister between 'good' and 'mediocre'
From@aivars_ve@Lato_Lapsa @AndrisKulbergs @guntarsv The dream has been over for a while. Under this scheme, the state will only keep about 10% only if it lends another 30 million euros, which will later be converted into capital. Due to the negative equity, the current state shares will most likely be written off or diluted. Without new money, there won't even be 10%.
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