The Lithuanian fish processing company, Port Lite, has invested EUR 80mn in a new salmon processing plant in the Latvian port city of Liepaja, Baltic News Network reports. Sigitas Ambrazevicius, founder and owner of Port Lite, said that the 15,000 m2 plant would process around 25,000 tonnes of salmon per year. The company will sell…
Lithuania is interested in the possible use of next-generation small modular reactor (SMR) nuclear technology, Energy Minister Dainius Kreivys announced, BNS reports. He suggested that such reactors could use spent and recycled fuel from Lithuania’s decommissioned Ignalina Nuclear Power Plant (IAE). The minister was speaking after a meeting with the Italian nuclear technology company, newcleo….
Lithuanian President Gitanas Nauseda has submitted to parliament a proposal to revoke three treaties with Russia and Belarus on economic cooperation, BNS reports. Nauseda proposed denouncing treaties on the promotion and protection of investments with Belarus and Russia as well as a treaty to avoid double taxation with Russia. Lithuania signed all three treaties in…
The Latvian parliament, the Saeima, has rejected a motion of no confidence submitted by the opposition National Alliance against Transport Minister Kaspars Briskens, LSM reports. Altogether 48 MPs voted against the motion, 43 in favour, and none abstained. The opposition’s criticism was related to problems at state-owned postal company Latvijas Pasts, national air carrier airBaltic,…
Estonia’s state-owned national air carrier, Nordica, may lose its main partner, Sweden-based Scandinavian Airlines (SAS), ERR reports. Nordica provides operational services under the Xfly brand, and SAS has been Nordica’s largest client. However, SAS has now signed a long-term cooperation agreement with Sweden’s Braathens Regional Airlines (BRA). Sander Salmu, deputy secretary general for mobility at…
US technology company Google has removed altogether 18 Belarusian radio and TV channels from its YouTube video platform following a request from the Radio and Television Commission of Lithuania (LRTK), BNS reports. LRTK said that the accounts were directly linked to the Belarusian state broadcaster, Belteleradiocompany (BTRC), which is under EU sanctions. LRTK had made…
Latvia’s national air carrier, airBaltic, may gain a new strategic investor either before or after the company’s planned IPO, according to CEO Martin Gauss, LETA reports. The company expects to announce the IPO in the second half of 2024 or in 2025. The goal is to raise EUR 300mn on the stock exchange, ERR reports….
The Latvian government should keep the VAT rate on locally grown fresh fruit, berries, and vegetables reduced at 12% in the coming years as well, Agriculture Minister Armands Krauze stated, BNS reports. The minister said that he would insist on maintaining the reduced VAT rate. Moreover, he argued that the lower rate should be applied…
The Estonian government will allocate EUR 2mn for state-owned rail operator Elron to open a regular passenger train connection between Tartu in southern Estonia and the Latvian capital, Riga, ERR reports. The support would allow Elron to open the new passenger service in spring 2025. Piret Hartman, Minister of Regional Affairs and Agriculture, said that the…