Apartment rental prices in Lithuania are 20% higher than before Russia’s full-scale invasion of Ukraine, LRT reports. In Vilnius, the rental price of a one-bedroom apartment is around EUR 1,000 or more per month in the city centre, EUR 700-800 in new buildings, and EUR 500 in old buildings. In Kaunas, rents are around EUR…
Exports of goods from Latvia to countries that continue to trade with Russia have increased rapidly, LSM reports. At the same time as exports to Russia have come to a halt due to sanctions, exports to countries of the Eurasian Economic Union have risen sharply. Exports of mechanical and electrical equipment to Russia have fallen…
Many Estonian companies continue doing business with Russia, ERR reports. Altogether 500-600 Estonian businesses still trade goods with Russia. The total value of goods exported from Estonia to Russia has not changed since Russia’s full-scale invasion of Ukraine in 2022, when it amounted to EUR 50-70mn per month. This is partly due to the rise…
The chief prosecutors of the three Baltic States have agreed to increase their cooperation in the fight against drug-related and organised crime, BNS reports. Prosecutors working on narcotics cases will soon meet in Latvia to discuss further procedural steps. Estonia’s Prosecutor General, Andres Parmas, noted that the number of overdose deaths had risen sharply in…
Turkish-owned Liepaja Steel has abandoned plans to resume production at its steel plant in the Latvian city of Liepaja, LETA reports. The company will dismantle the plant’s steel melting furnace and move the machinery to Türkiye. Liepaja Steel failed to reach agreement with the Liepaja city council and the Liepaja Special Economic Zone (Liepajas SEZ)…
Latvia’s state-owned energy holding, Latvenergo, posted all-time record revenue and profit in the first half of 2023, LSM reports. The group’s six-month turnover amounted to over EUR 1.1bn, which was up 56% from the same period of 2022. The group’s profit rose by 57% to EUR 222.5mn. Latvenergo attributed the record performance to the spring…
Lithuania’s Vilnius Regional Administrative Court has upheld an appeal annulling the Lithuanian Migration Department’s (LMD) decision to revoke the permanent residence permit of a Russian citizen on national security grounds, BNS reports. Lithuania’s State Security Department (VSD) found out that the applicant had worked at a prison colony in Sakhalin until 2002. However, the court…
Around 4,500 Russian citizens may be asked to leave Latvia as they have failed to renew their residence permits, LSM reports. The permanent residence permits of altogether 25,300 Russian nationals living in Latvia expired on 1 September 2023. About 19,000 of the Russians have applied or plan to apply for renewal, and a little over…
A public petition against the Estonian government’s planned car tax collected 65,565 signatures by its close on 31 August 2023, ERR reports. The Estonian Car Owners Association (EAOL) initiated the petition in the middle of July 2023. The number of signatures is the highest ever for public petitions on the Citizen Initiative Portal (Rahvaalgatus). The…