Latvia’s President Tasks PM Kulbergs With Forming New Cabinet

The reappointment of the incumbent to form a cabinet after his alliance's strong showing suggests continuity in Latvia's government rather than a sharp political turn, which matters for a small, open economy where policy predictability is closely tied to external credibility. The absence of a firm deadline, despite the president's stated hope for a pre-November government, leaves coalition arithmetic as the variable to watch. For markets tracking the Baltics, the practical question is whether the new cabinet's composition preserves the fiscal and foreign-policy orientation that has anchored Latvia's standing with partners and creditors.