Estonian Prime Minister Kristen Michal urged Latvia to complete its part of the Rail Baltica railway by 2030 as agreed, ERR reported. Michal said that Estonia would “kindly pressure” Latvia with the help of EU funding. Earlier, Maris Dzelme, board chairman of Eiropas Dzelzcela Linijas (EDZL), which manages the construction project in Latvia, said that…
Lithuania’s Klaipeda State Seaport has begun a procurement process for contractors in the first phase of a project to develop the port’s southern area, The Baltic Times reports. The plan is to begin construction on the southern port gates in 2026. The project involves reclaiming around 100 hectares of new port territory and building 1.3…
A consortium led by US-based JPMorgan will advise on the Latvian state’s buyout of Swedish telecommunications group Telia’s shares in the Latvian telecommunications companies, Tet and Latvijas Mobilais Telefons (LMT), BNS reports. Under the agreement, the consortium, which besides JPMorgan includes A&O Shearman, Deloitte, Hardiman Telecommunications, TEGOS, and WALLESS, will advise Latvia’s state-owned energy group, Latvenergo,…
Lithuania’s Deputy Minister of Agriculture, Arunas Jagminas, has resigned amid an investigation into possible corruption, BNS reports. Lithuania’s Special Investigation Service (STT) suspects Jagminas of abusing his office to embezzle high-value property in his role as director of a construction company in Silute, BNS reports. In addition, the corruption probe has implicated the director of…
Power plants in Estonia generated 3,619 GWh of electricity from renewable sources in 2025, which was up 7% from 2024, according to transmission system operator Elering, ERR reports. Renewable energy accounted for 68% of total electricity production and covered 41% of total electricity consumption in 2025. Electricity production from wind power amounted to 1,324 GWh…
Latvian monetary financial institutions (MFIs), mainly banks, generated an aggregate profit of EUR 341.7mn in 2025, which was down 34.5% from EUR 521.4mn in 2024, according to the Bank of Latvia, LETA reports. MFIs had assets totalling EUR 31.687bn at the end of 2025, which was up 5.9% from EUR 29.913bn a year earlier. The…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Latvia’s national air carrier, airBaltic, intends to increase its presence in neighbouring Lithuania, according to the company’s new CEO, Erno Hildén, BNS reports. He said that the airline had plans for new destinations and more frequent flights, particularly to and from Vilnius. While acknowledging that airBaltic was facing significant financial challenges, Hildén vowed that his…
Finnish police have arrested two crew members of a cargo ship suspected of severing Finnish telecommunications operator Elisa’s undersea data cable in the Gulf of Finland, YLE reports. In addition, two more crew members were issued with travel bans. Three informed sources told Helsingin Sanomat that there was no indication of Russian involvement in the…