Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports….
A group of six MPs from Estonia are paying a ten-day visit to China, with local accommodation and transportation costs paid for by Beijing, ERR reports. The delegation consists of members of the Estonia-China parliamentary friendship group and is headed by the group’s chairman, Toomas Kivimägi, deputy speaker of the Estonian parliament, the Riigikogu. Kivimägi…
Lithuanian President Gitanas Nauseda called for limiting the number of immigrants entering the country, BNS reports. Speaking on LRT, Nauseda argued that “uncontrolled immigration was, first and foremost, a national security issue.” Given the “demographic hole” that Lithuania faces, failure to control immigration could lead to “outcomes none of us want,” Nauseda stated. He insisted…
The new strategic investor in Latvia’s national air carrier, airBaltic, will be “a big positive surprise,” CEO Martin Gauss stated, LSM reports. He said that the identity of the investor would indicate that airBaltic was “recognised internationally as a serious airline.” Also, the investor would welcome the continued shareholding of the Latvian state in the…
Estonia’s unemployment rate stood at 7.6% in the second quarter of 2024, according to data from Statistics Estonia, Estonian World reports. The number of unemployed declined by 1,100 people over a quarter. Compared to the second quarter of 2023, the number of unemployed increased by 7,600, however. The employment rate stood at 69.7%, and the…
A group of Estonian MPs took part in the Central Tibetan Administration’s commemoration of the 64th Tibetan Democracy Day in India’s Dharamshala on 2 September 2024, Tibetan Review reported. The MPs are part of the Tibet Support Group of the Estonian parliament, the Riigikogu, led by Juku-Kalle Raid. The other delegates were Karmen Joller, Ester…
The Latvian National Armed Forces (NBS) will hold a comprehensive national defence exercise, Namejs 2024, throughout Latvia from 3 September to 8 October 2024, LSM reports. The exercise will involve soldiers from all NBS units, including conscripts, reserve soldiers, and allied troops from several NATO countries. Around 11,000 Latvian and allied soldiers and Latvian National…
Representatives of the three Baltic States are visiting Ukraine to strengthen cooperation in the health care sector and to study the Ukrainian experience of full-scale war, Ukraine’s Ministry of Health announced. The visit was organised jointly with the WHO office in Ukraine. The Baltic representatives will learn about Ukraine’s preparation and response to Russia’s war…
Albanian President Bajram Begaj has embarked on a tour of the three Baltic States, Pamfleti reports. During his visit to the region, Begaj will meet with his Baltic counterparts, prime ministers, and speakers of parliaments. The talks will focus on bilateral relations, cooperation within NATO, and Albania’s EU integration. Begaj will also discuss the role…