Latvia: Gas distributor Gaso’s change of ownership registered

Latvia’s gas distribution system operator, Gaso, has registered its change of ownership in the country’s commercial register, GlobeNewswire reports. Under a deal signed in April 2023, Estonian privately-owned gas company Eesti Gaas (Elenger) acquired 100% of Gaso’s shares from Latvian gas company Latvijas Gaze for EUR 122mn. Gaso is Latvia’s only natural gas distribution operator.

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Baltic: Annual inflation highest in Estonia in June 2023: Eurostat

Annual inflation in the Baltic States was highest in Estonia in June 2023, according to Eurostat data, LETA reports. Estonia’s inflation rate stood at 9% in June 2023, followed by Lithuania with 8.2% and Latvia with 8.1%. Compared to May 2023, inflation amounted to 0.8% in Estonia. Meanwhile, consumer prices went down by 0.1% in…

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Estonia: Canada appoints first ever ambassador to Estonia

Canada’s Foreign Minister, Mélanie Joly, has appointed Laird Hindle as the country’s first ever ambassador to Estonia, ERR reports. Prior to his appointment, Hindle was Global Affairs Canada’s Deputy Director for Southern Africa. Joly said that the appointment would advance Canada’s strategic diplomatic presence in the Baltic States. She cited Russia’s invasion of Ukraine and…

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Estonia: Economy expected to improve by end of 2023: EKI

Estonia’s economic climate index stood at -19.4 points in June 2023, which was down by almost 9 points from March 2023, according to the Estonian Institute of Economic Research (EKI), ERR reports. The economic confidence index, which combines both business and consumer sentiment, stood at 78.7 points, which was significantly worse than the long-term average….

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Estonia: Suspected FSB employee smuggling ammo extradited to US

Estonia has extradited Russian citizen Vadim Konoshchenok, suspected employee of Russia’s Federal Security Service (FSB), to the US, BNS reports. Konoshchenok was arraigned at a federal court in New York on 14 July 2023. He is suspected of violating sanctions by smuggling strictly regulated electronics and tactical ammunition of US origin from Estonia to Russia….

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