Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid…
The Bulgarian provider of business payment solutions, Payhawk, has opened an office in Lithuania’s capital, Vilnius, Invest Lithuania reports. The company has received an electronic money institution (EMI) licence from the Bank of Lithuania. Payhawk plans to hire a team of finance professionals to help accelerate product development at the new Vilnius office, which is…
Latvia’s Food and Veterinary Service (PVD) has confirmed African swine fever (ASF) at a farm with 48 domestic pigs in Kraslava municipality, LETA reports. The farm has been quarantined, and all 48 pigs will be destroyed. This is the fourth confirmed ASF outbreak at a farm in Latvia in 2023. The first was recorded in…
Lithuania’s Klaipeda State Seaport could ship around 10 million tonnes of Ukrainian grain per year, CEO Algis Latakas announced, BNS reports. However, the logistics of transporting the grain to the port remained complicated, he noted. If the issue of logistics was solved, the port could begin handling Ukrainian grain today, Latakas stated. Earlier, Transport Minister…
The total profit of banks operating in Estonia in the first half of 2023 was almost as high as in the whole of 2022, ERR reports. Swedbank’s net profit amounted to EUR 214mn in six months, which was EUR 148mn from a year earlier. In 2022, Swedbank’s annual net profit stood at EUR 224mn. SEB…
The Baltic States will decouple from the BRELL power grid linked to Russia and Belarus in the beginning of 2025, Estonian Prime Minister Kaja Kallas announced, ERR reports. Earlier, Lithuania urged the Baltic States to synchronise their power grids with the continental European system ahead of schedule in 2024. Kallas noted that such a rapid…
Latvia’s Riga City Council has obliged owners of outdoor sales and catering establishments to ensure that their sound equipment and musical instruments do not disturb local residents, LSM reports. Under the new rules, municipal police can impose limits on loud music in outdoor cafés, bars, and similar establishments. Violations can lead to fines of up…
The Baltic States will not be able to decouple their power grids from the Russian-controlled BRELL system ahead of schedule in 2024, Rokas Masiulis, CEO of Lithuania’s electricity transmission system operator, Litgrid, stated, BNS reports. He said that the synchronisation process still depended on Estonia’s transmission system operator, Elering, which has said that Estonia will…
A fire broke out at a production facility of the Latvian grain processor, Dobeles Dzirnavnieks, in Dobele in the morning of 16 July 2023, LETA reports. The fire engulfed several floors of the seven-storey building on the city’s Spodribas Street. Dobeles Dzirnavnieks is part of Estonia’s Tartu Mill group. The company produces flour, pasta, cereals,…