The Estonian metal processing company, Freen, will invest EUR 5.9mn to begin manufacturing wind turbines at its factory in Kohtla-Järve, BNS reports. Estonia’s business support agencies, KredEx and Enterprise Estonia (EAS), will provide EUR 2.6mn of financial support for the project from the EU’s Just Transition Fund. Freen completed the construction of the first phase…
The speaker of Latvia’s parliament, the Saeima, Edvards Smiltens, met with a delegation of parliamentarians from Japan in Riga, LETA reports. The delegation was led by Hirofumi Nakasone, chairman of the Latvia and Lithuania friendship groups of the upper house of Japan’s parliament, the House of Councillors (Sangiin). The parliamentarians discussed bilateral economic cooperation and…
Average consumer prices in Latvia rose by 7.9% in June 2023, compared to the same period of 2022, according to data from the Central Statistical Bureau, LSM reports. The annual change in prices was mainly influenced by the rise in the price of food and non-alcoholic beverages and of goods and services related to housing,…
The European Commission has granted EUR 6.8mn of financial support for Latvia’s agricultural sector, LSM reports. Latvia had requested EUR 11mn of EU aid. Agriculture Minister Didzis Smits noted that the support accorded to Latvia was proportionally the largest amount of aid granted. The support is intended for industries negatively impacted by the war in…
Defence ministers of the three Baltic States signed a declaration on joint defence of their airspace on the first day of the NATO summit in Lithuania’s capital, Vilnius, on 11 July 2023, LSM reports. According to the declaration, the Baltic States plan to strengthen cooperation in air defence. Also, the three countries will ensure that…
A 100-kilogramme aerial bomb was found during excavation work at an intersection in Estonia’s second-largest city, Tartu, on 4 July 2023, BNS reports. Explosive ordnance disposal (EOD) experts were dispatched to remove the bomb in the city’s Raadi neighbourhood. The bomb will be destroyed at the training grounds of the Estonian Defence Forces in Ida-Virumaa…
Latvia’s national air carrier, airBaltic, carried a total of 1.911 million passengers in the first half of 2023, which was up 51.7% from 1.312 million in the same period of 2022, LETA reports. The number of flights performed totalled 20,290, which was up 19.9% from 16,920 a year earlier. CEO Martin Gauss attributed the increase…
The heads of parliaments of Estonia, Latvia, Lithuania, Poland, and Germany have signed a joint declaration, calling on the NATO summit in Vilnius to commit to Ukraine’s eventual membership of the alliance, Ukrinform reports. The parliamentary speakers called on NATO allies to work closely together to develop security commitments for Ukraine. At the same time,…
Estonia’s privately-owned energy group, Utilitas, posted sales revenue of EUR 255.9mn in 2022, which was up from EUR 159.9mn in 2021, ERR reports. Production and sale of heat and electricity accounted for 94% of total revenue. The rest came from renewable energy subsidies and other sales. Utilitas produced 2.2 TWh of heat and electricity in…