The Lithuanian fashion retailer, Apranga Group, posted an unaudited consolidated profit before income tax of EUR 9.0mn in the first half of 2023, which was up from EUR 7.1mn in the same period of 2022, GlobeNewswire reports. The group’s EBITDA amounted to EUR 18.9mn, which was up from EUR 17.1mn a year earlier. Six-month retail…
Lithuania’s preparedness for possible threats is adequate for the current situation, Prime Minister Ingrida Simonyte stated, LRT reports. She was commenting reports that Russian private military company Wagner Group’s mercenaries had arrived in neighbouring Belarus. Simonyte said that Lithuanian intelligence agencies were monitoring the situation in Belarus and exchanging information with allied partners. Defence Minister…
Latvia’s state real estate management company, Valsts Nekustamie Ipasumi (VNI), will speed up the construction of a fence on the country’s border with Belarus, LSM reports. VNI’s board chairman, Renars Griskevics, said that VNI would build 85.9 km of the fence in autumn 2023 and the remaining 80.6 km by the end of 2024. The…
The average gross monthly salary in job advertisements in Estonia amounted to EUR 1,481-1,947 in the first half of 2023, which was 13% higher than in 2022, according to data from recruitment portal CV Keskus, Postimees reports. The average salary offered for top specialists and middle managers stood at EUR 2,170-2,728 (up 17%), for mid-level…
Estonia’s capital, Tallinn, received 82% of the average rainfall for July in less than 24 hours on 25 July 2023, BNS reports. According to Harku weather station data, 67.3 mm of rain fell on Tallinn, whereas the average amount of rain in the city is 82 mm in July. The heavy rain was caused by…
The European Commission (EC) has criticised Estonia and Lithuania for failing to transpose an EU directive on the rights of child suspects properly into national legislation, BNS reports. The EC opened an infringement procedure by sending a formal notice for failure to transpose the EU directive on procedural safeguards for children suspected or accused of…
Lithuanian President Gitanas Nauseda criticised Defence Minister Arvydas Anusauskas for sharing information on Lithuania’s plans to sign a letter of intent on the purchase of Leopard tanks from Germany, LRT reports. Nauseda said that the State Defence Council (VGT) had agreed that restricted information “should not be shared on Facebook right after the meeting.” He…
Latvia’s State Security Service (VDD) is investigating whether the decision of Latvian gas company Latvijas Gaze’s shareholder meeting to pay dividends to one of the company’s owners, Itera Latvija, violates EU sanctions on Russia, LETA reports, citing TV3. VDD stressed that providing financial resources to sanctioned entities, directly or indirectly, was prohibited. Latvijas Gaze insisted…
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…