Lithuania’s state-owned investment firm EPSO-G Invest and ammunition manufacturer Giraites Ginkluotes Gamykla (GGG) have signed an agreement to establish a joint venture, Rheinmetall Defence Lithuania, with German defence industry group Rheinmetall, Baltic News Network reports. Under the agreemnt, the companies will invest in an artillery ammunition plant in the town of Baisogala in Lithuania’s Radviliskis district. Rheinmetall…
People in Lithuania are more optimistic about the economy, according to a new Baltijos Tyrimai poll for ELTA conducted in October-November 2024, Lietuvos Rytas reports. The survey showed that 40% of respondents believed that the country’s economic situation had deteriorated in the past two months, which was down from 54% a year earlier. Meanwhile, 43%…
Parties in Latvia’s coalition government will discuss possible changes to the management of the country’s national air carrier, airBaltic, LSM reports. Earlier, the airline announced that it would cancel nearly 4,700 flights in summer 2025 due to delays in aircraft engine maintenance. The company insisted that the delays were beyond its control. Aviation industry experts…
Latvia’s national air carrier, airBaltic, cannot meet its obligations and achieve its strategic objectives if the company continues to operate with negative equity, supervisory board chairman Klavs Vasks stated, LETA reports. An additional capital injection from the state is therefore probably inevitable unless the government is prepared to privatise the company, Vasks said. The investment…
Breaking up Estonia’s state-owned energy group, Eesti Energia, would not improve energy security, Finance Minister Jürgen Ligi stated, ERR reports. Speaking in an interview with Vikerraadio, Ligi insisted that Eesti Energia provided an essential service for society. He said that building a new gas power plant in Narva was a “good idea,” but stressed the…
The Lithuanian Farmers and Greens Union (LVZS) will elect a new chairperson for the opposition party on 1 March 2025, ELTA reports. The party’s long-time leader, Ramunas Karbauskis, has not disclosed if he intends to run for another four-year term. He has led LVZS and its predecessor parties since 1997. LVZS suffered a heavy defeat…
Latvia will hold local elections to municipal councils on 7 June 2025, the Central Election Commission (CVK) announced, LSM reports. The elections will use newly designed ballot papers, ensuring automatic counting of votes. Voters can indicate both support and opposition to individual candidates on the ballot.
Estonia’s population decreased by 2,750 people across all municipalities in 2024, according to data from the Ministry of Interior, ERR reports. The population only increased in three counties: Harjumaa, Tartumaa, and Hiiumaa. Estonian capital Tallinn’s population rose by 256 people to 461,602 people, whereas the population of the country’s second-largest city, Tartu, fell by 13…
Lithuania has stepped up monitoring of the NordBalt power cable linking Lithuania and Sweden, Energy Minister Zygimantas Vaiciunas announced, ELTA reports. Speaking in an interview with Ziniu Radijas, Vaiciunas noted that the undersea power interconnection was very important for Lithuania’s electricity market. He stressed that the response to acts of sabotage on critical infrastructure should…