Via Baltica

Lithuania: Rheinmetall signs JV agreement on ammo plant project

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…

Read More

Latvia: Coalition considers changes to airBaltic’s management

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…

Read More

Latvia: airBaltic likely to ask for more money from state

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…

Read More

Estonia: Finance Minister rejects breaking up Eesti Energia

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…

Read More