The ruling coalition in Latvia will review contracts and rising costs of the Rail Baltica railway project before approving any related payments, LETA reports. Following an audit of the project, the Ministry of Transport has turned to the Prosecution Office. The audit estimated that the total cost of the project had risen to EUR 23.8bn….
Estonian investment holding company Infortar has announced a voluntary takeover offer to acquire all remaining shares of shipping and tourism group Tallink Grupp for EUR 0.55 per share, GlobeNewswire reports. Infortar currently owns 46.76% of Tallink’s shares and seeks to acquire the remaining 53.24%. The offer period runs from 2 July 2024 to 5 August…
German Foreign Minister Annalena Baerbock accused Russia of conducting “hybrid attacks” against the Baltic States, Anadolu Agency reports. Speaking at a joint news conference with her visiting Latvian counterpart, Baiba Braze, Baerbock cited Russia’s GPS interference, disinformation campaigns, and removal of border buoys. She noted that Germany and NATO allies had increased their military presence…
Estonia could resist a Russian invasion for “a couple of weeks” before the arrival of NATO support, according to Colonel Mati Tikerpuu, commander of the 2nd Infantry Brigade of the Estonian Land Forces, Business Insider reports. Speaking in an interview with El País, Tikerpuu said that the time would be enough for allied reinforcements to…
The Lithuanian government is set to grant special status to German arms manufacturer Rheinmetall’s planned artillery ammunition factory in Radviliskis, BNS reports. The move would allow the company to begin building the factory without the usual regulatory permits, which will need to be obtained before the project’s completion, however. Construction is expected to start in…
The Latvian government has approved a draft transport energy bill that obliges fuel suppliers to increase the share of renewable energy in their energy portfolio, LETA reports. The bill may lead to a rise in fuel prices, according to a survey of fuel traders. The Ministry of Climate and Energy notes that the transport sector…
A group of 24 migrants have filed a class action lawsuit against Lithuania, seeking compensation of EUR 5,000 each for their arbitrary detention in 2021-2022, BNS reports. The claimants allege that the Lithuanian government unlawfully detained at least 4,000 migrants for months without judicial review during an emergency declared due to irregular border crossings from…
The Latvian parliament, the Saeima, has passed a law to dissolve the Rezekne city council due to violations in financial and budget management, LETA reports. The city council served its last day on 1 July 2024, but plans to contest the dissolution in the Constitutional Court. The Ministry of Environmental Protection and Regional Development pointed…
Lithuanian media group 15min Group will acquire the local radio station network, M-1, from Ruta Grusniene for an undisclosed sum, BNS reports. 15min Group, which is majority-owned by Estonia’s Postimees Group, plans to close the deal by the end of summer 2024, subject to regulatory approval. The M-1 group owns local radio stations M-1, M-1…