The Maltese-flagged ship, Ruby, carrying a cargo of ammonium nitrate from Russia, is no longer headed for Lithuania’s port of Klaipeda, BNS reports. Algis Latakas, CEO of Klaipeda State Seaport, announced that the ship had removed Klaipeda as its final destination at the port’s request. He said that the ship would name its new destination…
Estonia’s Climate Ministry has proposed amendments to exempt electricity storage facilities from double fees as of the beginning of 2026, BNS reports. Under the amendments, renewable energy and grid transmission fees for storage equipment would only be charged on net consumption for the calendar month. Owners of storage devices would thus only pay for the…
The Lithuanian government has signed a memorandum of understanding with US defence contractor Northrop Grumman on strengthening Lithuania’s defence industry, BNS reports. The memorandum focuses on the development, production, and supply of medium-calibre ammunition. Defence Minister Laurynas Kasciunas said that the aim was to start producing ammunition in Lithuania within 18 months. Northrop Grumman plans…
The Latvian parliament, the Saeima, has passed amendments mandating the country’s largest banks to provide in-person customer service and to maintain a network of ATMs outside big cities as of 2026, LSM reported. The new rules will apply to Swedbank, SEB, Citadele, and Luminor. Currently, the big banks have no permanent customer service points in…
Estonian postal services provider Omniva has opened a new logistics centre near Lithuania’s second-largest city, Kaunas, BNS reports. The company invested EUR 42mn in the new facility, which was the group’s largest investment to date. The logistics centre, located in the Kaunas Free Economic Zone (KLEZ), has an area of almost 22,000 m2. The facility…
The city council of Estonia’s second-largest city, Tartu, has voted in favour of concluding a sister city agreement with the western Ukrainian city of Lviv, ERR reports. The main focus of the cooperation agreement will be to provide help for Ukraine’s reconstruction, civil protection, and crisis management. Both Tartu and Lviv are important university cities…
Nearly half of small and medium-sized enterprises (SMEs) in Estonia regard the country’s economic climate as being negative, according to a Turu-Uuringute poll for loan comparison platform Sortter, BNS reports. The survey showed that 46% of local entrepreneurs saw the economic climate as negative in August 2024. The main perceived challenges included operating costs (57%)…
Lithuania’s International Transport and Logistics Alliance (TTLA) has joined the International Road Transport Union (IRU). TTLA’s secretary general, Povilas Drizas, said that membership of IRU allowed the organisation to better represent the interests of Lithuanian road freight operators. TTLA represents 25 of Lithuania’s largest transport and logistics companies, which handle around 80% of all road…
The municipal public transport company of the Estonian capital, Tallinn, Tallinna Linnatransport (TLT), will temporarily replace all trolleybuses due to the poor condition of the fleet, ERR reports. TLT will replace the trolleybuses on all four routes with buses as of 1 November 2024. The company plans to procure new trolleybuses and electric buses. The…