Latvia: AST to invest over EUR 500mn in electricity transmission system in 2024-2033

Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid…

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Estonia: Canada appoints first ever ambassador to Estonia

Canada’s Foreign Minister, Mélanie Joly, has appointed Laird Hindle as the country’s first ever ambassador to Estonia, ERR reports. Prior to his appointment, Hindle was Global Affairs Canada’s Deputy Director for Southern Africa. Joly said that the appointment would advance Canada’s strategic diplomatic presence in the Baltic States. She cited Russia’s invasion of Ukraine and…

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Lithuania: Bulgarian fintech unicorn Payhawk opens office in Vilnius

The Bulgarian provider of business payment solutions, Payhawk, has opened an office in Lithuania’s capital, Vilnius, Invest Lithuania reports. The company has received an electronic money institution (EMI) licence from the Bank of Lithuania. Payhawk plans to hire a team of finance professionals to help accelerate product development at the new Vilnius office, which is…

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