@Nata66910945 @LatvijasTV It was very unfair in my opinion. After all, the voter listens.
From@Nata66910945@Chapis @LatvijasTV No, Kristap, the media have an assignment and they are fulfilling it, feeding what needs to be fed.
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From@atis_svinkaClimate adaptation is no longer just environmental policy. It is the protection of our infrastructure, agriculture, healthcare, and state budget. This year has once again shown how vulnerable we are to extreme weather. Latvia experienced a devastating storm, while many parts of Europe saw record temperatures, drought, and widespread wildfires. The catastrophic floods in Nepal also remind us of the price people and countries pay if they have not prepared in time for growing natural risks. Are we ready to acknowledge this reality, think long-term, and invest preventively rather than just pay for damage after each disaster? Spain has proposed creating a joint EU climate resilience fund. Such European-scale funding would be in Latvia's interests, because small countries alone will find it difficult to cover ever-increasing adaptation costs. At the same time, an honest discussion about funding is needed: whether these costs are borne by all taxpayers, fossil energy companies that profit from creating emissions, or both. One thing is clear: inaction will cost more in the long run than timely investments in resilience. https://t.co/CJqNMe0Qkm
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Political scientist evaluates Kulberg's government: 'Some politicians live in their own orbit' https://t.co/uygRH9hZqL
🎙️ Pre-election debates continue – this time in Jelgava! Jaunā Vienotība was represented in the Zemgale debates by @EdmundsJurevics, discussing issues important to the region and all of Latvia, and our vision for the next four years. ▶️ Watch the debates: https://t.co/J21rqJAzYg
Regardless of the scenario, over 30+ years more than a billion of taxpayer money has essentially been thrown into the furnace and burned, and these funds will never be recoverable, even theoretically not.
From@ChapisBut nothing has been lied about. The goal was for airBaltic to keep flying, and it could only fly by saving (coming to terms with) creditors, thereby de facto losing most of the state's control over the company. My bet is that the state will still be forced to inject something when the promised strategic investor arrives, and if we want some kind of connectivity with Riga… of course, if it comes. But that will be after the elections. 😀 however, time and liquidity have been bought. Yes, at a high price. And it is not the state that pays, but airBaltic itself, including to the state. They will clear the field, and bondholders, to whom the company is already in debt, will get better collateral... Bridge financing has been found, and more than planned. The state has an option to participate proportionally in this new issuance as well. I think the state will not participate. The most likely end game is that the debt holders will be saved, the company will fly, but Latvia's stake in the company will be negligible. But there will be an option to participate with cash, like buy back what was lost. Logically, the only question here will be whether the new owners will be interested in keeping the 'hub' in Riga or not.
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Kulbergs gives urgent task to check the origin of grain in Latvian ports
Kulbergs has ordered an immediate check of grain origin: 'We will defend the interests of Latvian farmers' https://t.co/9wYx4yEvgV
You are mistaken, I am not in an insolvency process. I have never gone through one either. And secondly, I am not teaching anyone here, I am replying to a tweet and expressing my opinion. I personally believe that they should not have been saved... that creditors were saved more. They knew what they were signing, they took the risk, and received a premium for it... but on the other hand, the company is flying.
From@Vinesters1How wisely argues the person who is in an insolvency process. They couldn't manage their own business or whatever, but they will teach at the state level. There is no shortage of wisdom there. https://t.co/KettpcFYit
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Climate adaptation is no longer just environmental policy. It is the protection of our infrastructure, agriculture, healthcare, and state budget. This year has once again shown how vulnerable we are to extreme weather. Latvia experienced a devastating storm, while many parts of Europe saw record temperatures, drought, and widespread wildfires. The catastrophic floods in Nepal also remind us of the price people and countries pay if they have not prepared in time for growing natural risks. Are we ready to acknowledge this reality, think long-term, and invest preventively rather than just pay for damage after each disaster? Spain has proposed creating a joint EU climate resilience fund. Such European-scale funding would be in Latvia's interests, because small countries alone will find it difficult to cover ever-increasing adaptation costs. At the same time, an honest discussion about funding is needed: whether these costs are borne by all taxpayers, fossil energy companies that profit from creating emissions, or both. One thing is clear: inaction will cost more in the long run than timely investments in resilience. https://t.co/CJqNMe0Qkm
From@andrislovFor decades, Italy fed the “strategic” carrier Alitalia with loans, “last” aid and new business plans. The total bill to the taxpayer is around 11 billion. The old Alitalia ended, on its bones they built ITA to avoid old debts and the European Commission's penalty, and then sold it to Lufthansa. Bondholders and suppliers were left empty-handed. The taxpayer was always the “last lender”, until finally became the last fool. Unity's “business” must be ended on October 3.
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From@ArtursButans❗️@VL_TBLNNK proposes to ban Russian grain transit through Latvia. 🌾Latvian farmers are raising the alarm that buyers are reducing purchase prices, 1 million tons have already been reserved at Liepāja port and the first ship has been loaded. ⛔️This is harmful to Latvia's economy and must be stopped. https://t.co/71U7vwHLyT
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@guntarsv Then creditors file for bankruptcy in March, right?
From@guntarsv@E_Stendzenieks Let them borrow. That is not Latvian taxpayers' money. Principally, the only thing that interests me is, I quote: 'The planned interim financing does not depend on Latvia's state financial participation'.
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But nothing has been lied about. The goal was for airBaltic to keep flying, and it could only fly by saving (coming to terms with) creditors, thereby de facto losing most of the state's control over the company. My bet is that the state will still be forced to inject something when the promised strategic investor arrives, and if we want some kind of connectivity with Riga… of course, if it comes. But that will be after the elections. 😀 however, time and liquidity have been bought. Yes, at a high price. And it is not the state that pays, but airBaltic itself, including to the state. They will clear the field, and bondholders, to whom the company is already in debt, will get better collateral... Bridge financing has been found, and more than planned. The state has an option to participate proportionally in this new issuance as well. I think the state will not participate. The most likely end game is that the debt holders will be saved, the company will fly, but Latvia's stake in the company will be negligible. But there will be an option to participate with cash, like buy back what was lost. Logically, the only question here will be whether the new owners will be interested in keeping the 'hub' in Riga or not.
From@Heinrih5@JurgisLiepnieks Kulbergs and Kozlovskis should honestly say that the privatization of AirBaltic is currently underway, because this and previous loans, at least to a large extent, cannot be repaid at such a 'super SMS credit price' and Latvia no longer controls AirBaltic.
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@Lato_Lapsa They always say this - always!
From@Lato_LapsaDid you understand, fools, whose money paid for all this? Listen to butchers posing as surgeons! https://t.co/6Ju1qegfuq
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@sidsloth261949 @IvarsAuzins something like that, even more, Kulbergs just went to the Saeima and asked for money, and got it, and with that we still pay extra for everything you describe.
From@sidsloth261949@JurgisLiepnieks @IvarsAuzins oh you don't understand... look... those who lend don't lend money at % but cheaply buy airplanes and infrastructure and possibly business... that is such a cheap slow AirBaltic sell-off - through another channel.
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In yesterday's LTV debates (again) MMN surprised. Will maintain schools even with 1 student. The second pension pillar must be returned to the people. Latvia is already self-sufficient in electricity, no problems. An impressive cocktail of extreme populism and incompetence.
@UldisGelins @Krisjanis_K @AndrisKulbergs yes, well, hopefully ...
From@UldisGelins@JurgisLiepnieks @Krisjanis_K @AndrisKulbergs That is not known. It is known that above 1 TWh is LV's emergency reserve. Presumably LV gas traders have bought as much as they plan to sell and know where to get additional if needed (Klaipeda, Finland or via pipeline from Poland). Electrification continues to reduce gas consumption, we produce energy locally.
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From@ArtursButans❗️@VL_TBLNNK proposes to ban Russian grain transit through Latvia. 🌾Latvian farmers are raising the alarm that buyers are reducing purchase prices, 1 million tonnes have already been reserved at Liepāja port and the first ship has been loaded. ⛔️This is harmful to Latvia's economy and must be stopped. https://t.co/71U7vwHLyT
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The Saeima has submitted to @Saeimas_JK two bills on the right of @Vkontrole to audit the Saeima. This issue is not new. The experience of the State Audit can be useful when assessing the Saeima's expenditures. The only exception – political decisions and related expenses. https://t.co/58xMgPBTSG
@UldisGelins @Krisjanis_K @AndrisKulbergs only it is not known whether those 11 belong to Latvia, or how much of them belongs to Latvia.
From@UldisGelins@Krisjanis_K @AndrisKulbergs We do not evaluate the physical fill of the storage, but we evaluate the energy fill and LV gas consumption. Gas consumption is falling every year, and therefore there is no economic justification to store too much either. Very roughly, LV annual consumption is 8 TWh, currently the storage has 11 TWh.
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