A large fire broke out at Lithuanian waste management company Ecoservice’s sorting facility near the Gariunai marketplace in Vilnius on 5 August 2023, BNS reports. Mindaugas Sestokas, head of Ecoservice’s production division, said that non-hazardous waste had caught fire in the company’s sorting centre. Also, a fire broke out at state-owned hazardous waste management company…
The UK flag carrier, British Airways, will resume flights from Latvia’s Riga International Airport to London Heathrow Airport as of 29 October 2023, LSM reports. The company will have three flights per week on the route. Fredis Bikovs, director of the Riga Investment and Tourism Agency (Live Riga), said that the flights would be important…
The volume of beer produced in the Baltic States declined in 2022, according to data published by Eurostat, LSM reports. Lithuanian breweries produced a total of 329 million litres of beer in 2022, which was down from 334 million litres in 2021. Beer production in Estonia amounted to 134 (145) million litres and in Latvia…
The Lithuanian parcel locker operator, Omniva LT, has started the construction of a parcel sorting terminal in the Kaunas Free Economic Zone, Baltic News Network reports. The company plans to invest over EUR 40mn in the facility and sorting technology. Omniva LT expects construction to be completed in the second quarter of 2024. The terminal will…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has carried out probes at the state-owned postal company, Latvijas Pasts, LETA reports. KNAB refused to provide further information about the ongoing investigation. The agency stressed that there were no criminal proceedings involving employees of Latvijas Pasts currently. Marcis Vilcans, board chairman of Latvijas Pasts, said that the…
Latvia’s national air carrier, airBaltic, has no plans to buy Estonian airline Nordica, ERR reports. Martin Gauss, CEO of airBaltic, said that the company’s business plan did not foresee any acquisitions. Moreover, the terms of EU aid to the airline did not allow the company to acquire other airlines, he pointed out. Gauss said that…
Estonia’s state-owned energy group, Eesti Energia, reported sales revenue of EUR 416.1mn in the second quarter of 2023, which was almost unchanged from EUR 416.6mn a year earlier. Revenue outside Estonia accounted for 63% of total sales. The group’s quarterly adjusted EBITDA stood at EUR 115.7mn (up 45.0%) and adjusted net profit at EUR 50.6mn…
The Baltic electricity transmission system operators have signed an agreement on the synchronisation of the Baltic power grids with the continental European system, The Baltic Times reports. Under the agreement, Estonia’s Elering, Latvia’s Augstsprieguma Tikls (AST), and Lithuania’s Litgrid will disconnect from the Russian-controlled BRELL system and connect to the continental European grid in February…
Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated a consolidated turnover of EUR 54.9mn in the first half of 2023, ERR reports. The group suffered a net loss of EUR 7.2mn. David O’Brock, chairman of Nordica’s supervisory board, noted that the situation in the aviation market was complicated, with late deliveries of leased aircraft, short…