Lithuanian news agency ELTA has signed a cooperation agreement with Taiwan’s national news agency, Central News Agency (CNA), Focus Taiwan reports. The news agencies agreed to share content free of charge. ELTA is CNA’s first official partner in the Baltic region. CNA’s editor-in-chief, Chris Wang, said that the cooperation between the two news agencies reflected…
Latvia’s Financial Sector Development Board (FSAP), chaired by Prime Minister Evika Silina, reviewed the country’s anti-money laundering (AML) measures during a meeting on 5 September 2024, LSM reports. The Financial Intelligence Unit (FID) reported on Latvia’s progress in relation to the Council of Europe’s evaluation of the country’s AML efforts. The meeting also addressed concerns…
Estonia’s Ministry of Climate will propose legislation to support the development of more wind farms both on land and at sea, ERR reports. Climate Minister Yoko Alender said that the ministry would create a 20-year support plan for offshore wind farms. The ministry plans to hold an auction for offshore wind capacity in the first…
The Lithuanian wood processing group, VMG Group, has suspended its plan to build a particleboard factory in neighbouring Latvia for an indefinite period, Baltic News Network reports, citing business news portal Verslo Zinios. Rimas Varanauskas, shareholder of the project’s partners, Lithuanian furniture manufacturers Freda and Freda II, said that the project was put on hold…
The Icelandic low-cost air carrier, Fly Play (PLAY), will increase the frequency of flights between Reykjavik and the Lithuanian capital, Vilnius, to twice a week as of the middle of May 2025, Lithuania’s state-owned airport operator, Lietuvos Oro Uostai (LTOU), announced, BNS reports. Currently, the company flies the route once a week. CEO Einar Örn…
Latvia’s Riga International Airport (RIX) served a total of 4.6 million passengers in the first eight months of 2024, which was 8% more than in the same period of 2023, LSM reports. The number of flights to and from Riga totalled 41,500. In August 2024 alone, the airport served 740,000 passengers, which was up 8%…
Estonian power plants produced 5,686 GWh of electricity in 2023, which was 37% less than in 2022, according to data from Statistics Estonia, ERR reports. Power plants produced 4,323 GWh of heat energy (district heating), which was down 15% on year. The amount of electricity generated from oil shale fell by nearly 40% over a…
Lithuania seeks to attract more flights to the seaside resort of Palanga, BNS reports. The Ministry of Transport, the Ministry of Economy, and the Klaipeda Region Association (AKR) have agreed to raise public funds for increasing traffic at Palanga International Airport (POU). AKR unites the seven municipalities in the Klaipeda county. The goal is to…
The number of nights spent by foreign visitors in the three Baltic capitals was highest in Tallinn in the first half of 2024, according to data from the Latvian Hotel and Restaurant Association (LVRA), BNS reports. Foreigners spent 1.075 million nights at accommodation establishments in Tallinn, followed by Riga with 851,000 and Vilnius with 699,000….