Producer prices in Latvia’s industry rose by 0.4% in June 2023, compared to June 2022, according to data from the Central Statistical Bureau, LSM reports. Prices of products sold on the domestic market rose by 3.8%, while prices of exported products dropped by 3.6%. Compared to May 2023, producer prices in Latvian industry declined by…
Latvian capital Riga’s acting mayor, Vilnis Kirsis (New Unity), has invited all political groups in the current ruling coalition in the Riga City Council for talks to form a new coalition on 25 July 2023, LETA reports. Kirsis suggested that the talks could be held either with each political group individually or with all groups…
The Estonian government has postponed the appointment of a special representative for the Ida-Virumaa county, ERR reports. Regional Affairs Minister Madis Kallas now hopes that the special representative will be appointed by the beginning of September 2023. Kallas said that the appointment was delayed due to summer holidays and more pressing political issues. Also, the…
The Latvian Food Retailers Association (LPTA) has asked Agriculture Minister Didzis Smits to provide proof for his claim of 300% markups on food prices in stores, Baltic News Network reports. If the minister cannot provide such proof, LPTA will ask him to retract his statement. Earlier, Smits claimed that food retailers had applied 300% markups…
The Lithuanian Armed Forces (LGP) has received a new batch of cargo trucks and multi-purpose vehicles (MPV), the Defence Ministry announced, Baltic News Network reports. LGP received 53 new Peugeot Rifter MPVs. So far, LGP has received 90 Rifter MPVs, with the remainder expected to be delivered by the end of 2023. Lithuania is procuring…
The European Investment Bank (EIB) and Lithuania have signed a EUR 300mn financing agreement to support investment in long-term competitiveness, job creation, and the green and digital transitions in the 2021-2027 period, Devdiscourse reports. Lithuania will use the money to finance its national contribution to EU-funded priority projects. The loan is the first tranche of…
The Lithuanian developer of solar project design software, PVcase, has secured USD 100mn (EUR 90mn) of new funding from international investors, pv magazine reports. Existing investor, Boston-based Elephant VC, Chicago-based Energize Ventures, and London-based Highland Europe participated in the funding round. This is the second-largest investment ever in Lithuania’s startup sector, Baltic News Network reports….
Lithuania’s State Commission of the Lithuanian Language (VLKK) recently ordered the authorities in Vilnius district municipality to remove bilingual Lithuanian-Polish signs in the villages of Azulauke and Bieliskes, LRT reports. The municipality refused to comply and took the issue to the Administrative Disputes Commission, which found that VLKK’s order was unlawful and unfounded. Audrius Valotka,…
Lithuania plans to sign a letter of intent to buy Leopard tanks from Germany, Defence Minister Arvydas Anusauskas announced, BNS reports. He noted that the acquisition would require sustainable financial sources. The minister said that the Leopard met the operational requirements best. Lithuania will acquire the tanks to create an army division. The Lithuanian parliament,…