Lithuanian tour operator Novaturas Group’s total revenue amounted to EUR 208mn in 2023, which was up 6% from EUR 197mn in 2022, GlobeNewswire reported. The group served around 259,000 customers in 2023, which was down from 267,000 a year earlier. Novaturas Group appointed Kristijonas Kaikaris as its new CEO in December 2023. Prior to his…
Latvia’s national air carrer, airBaltic, could offer direct flights from Lithuania to distant destinations, Simonas Bartkus, CEO of Lithuania’s airport operator, Lietuvos Oro Uostai (LTOU), suggested, BNS reports. Speaking in an interview with Ziniu Radijas, Bartkus said that airBaltic could offer flights to more distant destinations that are important for business travel. Also, airBaltic could…
A delegation of 11 members of the Lithuanian parliament, the Seimas, will visit Taiwan on 20-27 January 2024, BNS reports. Freedom Party MP Vytautas Mitalas said that the Lithuanian delegation would be the first to meet with Taiwan’s newly elected president, William Lai. Mitalas noted that the visit would help bring Lithuania and Taiwan closer. Meanwhile,…
The number of new layoffs in Estonia totalled 3,500 in 2023, which was 22% more than in 2022, according to data from the Estonian Unemployment Insurance Fund (Töötukassa), ERR reports. Around a third of those laid off were formerly employed in the manufacturing and another third in transport and storage. The biggest number of layoffs…
The Estonian state should consider buying a stake in Latvia’s national air carrier, airBaltic, Riivo Tuvike, CEO of Tallinn Airport, suggested, ERR reports. He argued that this would push airBaltic towards expanding operations at Tallinn Airport, where it is the market leader. Tuvike pointed out that Estonia was a “peripheral country,” saying that state support…
Estonian media group Ekspress Grupp will stop publishing its daily newspaper, Eesti Päevaleht, in print as of April 2024, ERR reports. Ekspress Grupp said that the move was due to changes in consumer behaviour. Eesti Pävaleht will continue as a digital publication under the DELFI news portal’s opinion, culture, and weekend sections. Eesti Päevaleht’s print…
NATO is preparing for a possible Russian attack on the alliance’s eastern flank, with the Baltic States being the main target, according to German tabloid Bild, LETA reports. Bild referenced a “secret document” of the German Defence Ministry, describing a possible scenario of a war between Russia and NATO in summer 2025. According to the…
Lithuania’s state-owned oil and gas terminal operator, Klaipedos Nafta, has changed its name to KN Energies, GlobeNewswire reports. The company will continue to use the KN brand, however. At the same time, Klaipedos Nafta’s subsidiary, SGD Logistika, changed its name to KN Global Terminals. KN Energies announced that it would focus on liquid and alternative…
Latvian Defence Minister Andris Spruds expressed scepticism about the idea of creating an “EU army,” LSM reported. Latvia’s position was that NATO was irreplaceable and constituted the cornerstone of European security, Spruds stated. He pointed out that NATO united most EU countries as well as non-EU countries, insisting that there was no need to duplicate…