Latvia’s national air carrier, airBaltic, suffered a loss of EUR 70.1mn in the first quarter of 2026, which was 2.4 times more than in the first quarter of 2025, when the company’s loss stood at EUR 29.348mn, LETA reported. The airline’s quarterly EBITDAR amounted to EUR 7mn, which was up from a loss of EUR…
A report of the Latvian government’s internal review commission on the progress of the Rail Baltica railway project has revealed that the state-owned company, Eiropas Dzelzcela Linijas, failed to consult independent experts on important decisions, LETA and LSM reported. The commission report analysed two suspended construction projects on a railway bridge across the Daugava river…
The Estonian government has decided not to privatise four state-owned energy, real estate, digital services, and lottery firms, ERR reports. The decision applies to four state-owned enterprises controlled by the Ministry of Finance: energy group Eesti Energia, state real estate manager Riigi Kinnisvara Aktsiaselts (RKAS), digital services company Levira, and lottery operator Eesti Loto. The…
The municipal government of the Lithuanian capital, Vilnius, plans to expand the city’s public transport network by 30% by 2030, LRT reports. The city intends to add 7 new routes, increase frequency on 44 routes, and adjust another 46 routes. However, the current bus and trolleybus network is nearing its physical limit, and the city…
The number of multinational corporations in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. Estonia had 1,199 multinationals in 2024, which was down slightly from 1,220 in 2023. Meanwhile, Lithuania had 984 (1,035) and Latvia 746 (718) multinational enterprises. In 2018, Estonia had as many as 1,529 multinationals,…
Two freight trains derailed in Lithuania within 48 hours on 1 and 2 May 2026, prompting fears of possible Russian sabotage, LRT reported. However, Prime Minister Inga Ruginiene said that the accidents were caused by technical failure or human error, BNS reported. A spokesman for state-owned railway group Lietuvos Gelezinkeliai (LTG) said that the derailment…
Latvia’s Office of Citizenship and Migration Affairs (PMLP) issued 19,900 temporary residence permits to non-EU nationals who invested in the Latvian economy in the period from 1 July 2010 to the end of 2024, LETA reported. According to the Ministry of Economy, the so-called golden visa programme was “an important instrument” for attracting foreign capital…
Lithuania’s Klaipeda State Seaport opened the new cruise season on 2 May 2026, The Baltic Times reported. CEO Algis Latakas said that the port expected altogether 64 cruise ships with around 90,000 tourists to visit Klaipeda in 2026, which would be an all-time record in the port’s history. In 2027, the port may receive more…
The Latvian government will have to decide on additional capital needed for the country’s national air carrier, airBaltic, in 2026, Finance Minister Arvils Aseradens stated, LETA reports. He stressed that the airline’s future operations required capital investment. However, the government would have to seek additional sources of funding for such an investment, the minister explained….