Estonian biomaterials company Fibenol plans to invest EUR 600-700mn in a biorefinery in Latvia, ERR reports. Fibenol’s pretreatment technology will convert locally-sourced wood into biomaterials that can replace fossil fuel-based chemicals in various industries. The company had initially intended to build the plant in Estonia. Fibenol’s owner, Raul Kirjanen, noted that countries rich in wood…
The number of job vacancies rose in Lithuania but dropped in Latvia and Estonia in 2023, BNS reported. The number of vacancies increased by 5.7% in Lithuania, but decreased by 6.1% in Latvia and 14% in Estonia. Out of the total number of jobs, both occupied and vacant, the share of vacancies stood at 2.7%…
Nearly half (45%) of Estonians have seen their financial situation worsen in the past year, according to a Norstat poll for SEB in December 2023, BNS reports. Consumers are therefore cutting back on expenses, including by taking advantage of discounts (62%), planning purchases more carefully (49%), and eating out less often (45%). Other cost-saving measures…
Chief justices and judges of the constitutional courts of the three Baltic States held a meeting in Riga to strengthen cooperation and share best practices, BNS reported. The court representatives discussed topics like fair trial rights, state language protection, and recent case law, highlighting the importance of such collaboration for maintaining the rule of law.
Lithuanian Prime Minister Ingrida Simonyte criticised the Hungarian and Slovakian foreign ministers for meeting with Russian Foreign Minister Sergey Lavrov at a forum in Antalya in Türkiye, BNS reported. Simonyte said that the meetings that Hungary’s Peter Szijjarto and Slovakia’s Juraj Blanar had with Lavrov were “a regrettable choice.” Meanwhile, speaking at a press conference…
Lithuanian farmers and grain processors are expressing increased concern over the import of Russian grain into the EU, LRT reports. Ausrys Macijauskas, chairman of the Lithuanian Grain Growers Association (LGAA), noted that 12mn tonnes of Russian grain was imported into the EU in 2023, including over 3mn tonnes via Latvia and Lithuania. Macijauskas said that…
Polish President Andrzej Duda assured that Poland was ready to defend every inch of NATO territory, including all three Baltic States, BNS reported. Speaking to visiting Lithuanian President Gitanas Nauseda, Duda vowed that Lithuania could count on Poland. Lithuania’s chief of defence, General Valdemaras Rupsys, also noted that NATO planned for the use of Polish…
Lithuania will join the Czech-led initiative to buy ammunition for Ukraine, according to Prime Minister Ingrida Simonyte, BNS reports. Contributing countries will look for potential ammunition stocks or sources of rapid production for acquisition. The plan is to procure 800,000 shells outside the EU, including possibly from India, South Africa, South Korea, and Türkiye, Kyiv…
Latvia’s national airline, airBaltic, posted an all-time record revenue and profit in 2023, LSM reported. The company’s annual turnover amounted to EUR 668mn, which was up 33.6% from EUR 500mn in 2022. The carrier’s net profit stood at EUR 34mn, which was up from a loss of EUR 54mn a year earlier. The company will…