Latvia: Number of new businesses exceeded liquidations in 2023

The number of new businesses registered in Latvia totalled 8,772 in 2023, according to data from enterprise database Lursoft, LETA reports. Meanwhile, the number of businesses liquidated amounted 7,844 in 2023, which was the lowest number since 2015. In the previous seven years, the number of liquidated enterprises exceeded the number of new businesses. Over…

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Latvia: Transport Minister calls for EU ban on Russian, Belarusian grain

The EU should ban the import and transit of grain from Russia and Belarus, Latvia’s Transport Minister Kaspars Briskens stated, LSM reports. He urged the Baltic States to adopt a joint position on the issue, whereas Latvia’s state-owned rail operator, LDz Cargo, insisted on the need for a common EU stance. When Estonia’s state-owned rail…

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Baltic: Plans for passenger train connections between Baltic capitals

Passenger rail service from Estonia’s second-largest city, Tartu, to the Latvian capital, Riga, could begin in the second half of 2025, according to Estonian passenger rail operator Elron, LETA reports. Latvia’s passenger train operator, Pasazieru Vilciens (Vivi), has proposed opening a rail link from Riga to Tartu in spring 2025. Latvia’s Transport Minister, Kaspars Briskens,…

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Baltic: Renewable energy use highest in Latvia in 2022: Eurostat

The share of renewable sources in total energy consumption in the Baltic States was highest in Latvia in 2022, LSM reports. Eurostat data showed that 43.3% of Latvia’s gross final energy consumption came from renewable sources in 2022, which was up from 42.1% in 2021. Estonia came in second with 38.5% (37.4%), followed by Lithuania…

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Baltic: Pre-feasibility study for Nordic-Baltic Hydrogen Corridor

Six European gas transmission system operators, including Gasgrid Finland, Estonia’s Elering, Latvia’s Conexus Baltic Grid, Lithuania’s Amber Grid, Poland’s Gaz-System, and Germany’s ONTRAS, have signed a contract with AFRY Management Consulting for a pre-feasibility study on the Nordic-Baltic Hydrogen Corridor, The Baltic Times reports. The project aims to develop cross-border hydrogen transmission infrastructure from Finland…

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