Latvia’s Competition Council concluded seven high-priority cases on violations of and non-compliance with competition law in 2025, LSM reports. Total fines issued in the cases amounted to EUR 2.5mn, according to the council’s annual report. The public benefit increased by around 25% over a year, the Competition Council estimated. The biggest sanctions included a EUR…
Estonia and Finland have postponed a decision on the construction of a third undersea electricity cable between the two countries until 2031, ERR reports. Kalle Kilk, CEO of Estonia’s state-owned transmission system operator, Elering, said that the timetable for the EstLink 3 project was pushed back at Finland’s request. Instead of the previously planned completion date of…
The Lithuanian government is considering the possibility of allowing the construction of small modular nuclear reactors (SMR) in the country, LRT reports. Energy Minister Zygimantas Vaiciunas said that the government would identify two or three SMR technologies in 2026 for further evaluation in terms of technical and economic feasibility. The minister stressed Lithuania’s need to…
Latvia’s Riga Fertilizer Terminal (RFT) has again asked the country’s Financial Intelligence Unit (FID) for a waver on EU sanctions in order to resume operations, LSM reports. RFT pledged to isolate the company’s majority owner, sanctioned Russian oligarch Dmitry Mazepin, from the company’s management and profits. However, Latvia’s State Security Service (VDD) pointed out that…
Latvia’s Freeport of Riga opened the new cruise season on 3 May 2026, Latvijas Avize reports. The port expects to receive altogether 103 cruise liners in 2026, which would be the highest number in the port’s history. The ships would bring no less than 135,000 tourists to Riga, which also would be an all-time record…
Turkey’s ARCA Defense Industry will open an ammunition plant in Estonia’s Ida-Virumaa county, ERR reports. The new factory in Kiviõli will produce various types of ammunition, including artillery ammunition, mortar rounds, rockets, and shells, initially for export only. Estonia’s Defence Ministry said that the facility would begin producing ammunition for the Estonian Defence Forces in…
Estonia ranked highest in the Baltic States on the Reporters Without Borders (RSF) World Press Freedom Index in 2026, BNS reported. Estonia ranked 3rd on the global index of 180 countries and territories surveyed, which was down from 2nd place in 2025. Meanwhile, Lithuania ranked 15th (14th), and Latvia stood in 17th (15th) place. Estonia…
Lithuania’s insurance market totalled EUR 1.73bn in terms of premiums written in 2025, which was up 9.2% from 2024, according to data from the Bank of Lithuania, Baltic News reports. Non-life insurance premiums amounted to EUR 1.339bn (up 10.2%) and life insurance premiums to EUR 391mn (up 5.7%). Insurers paid a total of EUR 927mn…
Estonia’s state-owned postal services provider, Eesti Post (Omniva), generated total revenues of EUR 154.7mn in 2025, which was up EUR 13.3mn (9%) from 2024, ERR reports. Revenue from parcel and courier services amounted to EUR 109.4mn (up 13%), from postal services to EUR 38.6mn (down slightly), and from universal postal services to EUR 7.6mn (down…