The Estonian Competition Authority (Konkurentsiamet) has approved a takeover of Tallinn’s municipal company, Tallinna Soojus, by private energy group Utilitas, ERR reports. Following the takeover, Tallinna Soojus and Utilitas will establish a new joint venture, Utilitas Tallinna Soojus, which will become the new parent company of Tallinna Soojus. Utilitas will own 66.66% and Tallinn municipality…
Residents of Bauska municipality in southern Latvia are worried about plans to build a large wind farm in Lithuania near the Skaistkalne sinkhole zone, LSM reports. Anita Rozentale, editor of the regional newspaper, Bauskas Dzive, said that the wind farm would be located only 1.2 km from the sinkhole area. There is a sinkhole zone…
Protesters in Lithuania’s capital, Vilnius, have asked the government to protect the Kedainiai-based fertiliser producer, Lifosa, from closure, BNS reports. Around 300 protesters took part in a rally outside the government office in central Vilnius on 26 July 2023. Kristina Krupaviciene, chairwoman of the Solidarumas (Solidarity) trade union, said that the goal of the rally…
Estonia’s Ministry of Climate has proposed ending universal electricity service contracts automatically, ERR reports. Under the proposal, customers with universal service would be switched automatically to state-owned energy group Eesti Energia’s general service if the average market price of electricity remains below the universal service price for three consecutive months. Eesti Energia’s general service would…
African swine fever (ASF) was detected at Estonian pig farming company Rakvere Farmid’s farm in Põlvamaa county, ERR reports. The farm in the village of Lutsu has more than 9,000 pigs, and all of them will now be slaughtered. Quarantine restrictions are in place around the farm. Markus Kirsberg, CEO of Finnish meat processing group…
Latvia’s State Revenue Service (VID) has published a list of the country’s 17 largest corporate taxpayers, Baltic News Network reports. VID highlighted the largest taxpayers in the large, medium, and small business segments in Latvia’s five regions. The country’s biggest taxpayer in 2022 was Polish-owned fuel trader Orlen Latvija, which paid 278.95mn in taxes. In…
Latvian data centre operator DEAC and Lithuania’s Data Logistics Center (DLC) have obtained a ten-year loan of EUR 30mn from SEB Bank, The Baltic Times reports. The companies will use the funds to further expand their telecommunication infrastructure. DEAC will build a third data centre in Riga, while DLC will expand its data centres in…
Lithuania’s national startup ecosystem facilitator, Startup Lithuania, will host Startup Fair 2023 in Vilnius on 7 September 2023, Startup Lithuania reports. More international investors are expected to attend the event. In total, over 60 speakers are expected to give presentations and participate in the discussions. Also, 40-50 startups will compete for participation in the acceleration…
The Estonian developer of autonomous vehicles, Clevon, plans to delist its shares from the Nasdaq First North stock exchange without taking over the shares of the company’s minority shareholders, ERR reports. Earlier, the loss-making company announced that it would delist and buy out its minority shareholders. However, Clevon has failed to find an investor to…