The three Baltic States, together with Finland, Poland, and Germany, should build a green hydrogen corridor by 2040, according to a feasibility study commissioned by the Nordic and Baltic gas transmission system operators, BNS reports. The 2,500-kilometre corridor would transport up to 2.7 million tonnes of hydrogen fuel per year. The corridor could reduce CO2…
US private equity group TPG is in talks to invest in the Lithuanian second-hand fashion platform, Vinted, according to the Financial Times, BNS reports. Under the deal, TPG would acquire several hundred million euros worth of existing shares in Vinted. The deal would value the company at EUR 5bn. Vinted has been working with US…
Some internet domains used by Russia to meddle in the upcoming US presidential elections were purchased using the Lithuanian cryptocurrency payment platform, CoinGate, according to the US Federal Bureau of Investigation (FBI), BNS reports. CoinGate is owned by Vilnius-based Decentralized (former Virtualios Valiutos), which established a subsidiary, CoinGate, in the US in 2021. Some of…
Doctors now enjoy the highest salaries in Estonia, surpassing IT experts, according to data from recruitment portal CV Keskus, BNS reported. Salaries offered to doctors now stand at an average of EUR 3,650-4,150 per month, followed by sales managers with EUR 1,900-4,000 and IT specialists with EUR 2,900-3,750. Meanwhile, average salary offers for sales specialists…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has failed to find evidence to support allegations that opposition MP Ainars Slesers had received money from Russian President Vladimir Putin, BNS reports. KNAB started the investigation in October 2022 after Dmitry Muratov, editor of Russian newspaper Novaya Gazeta, alleged that Putin had paid money to several Western…
Latvia’s Public Electronic Mass Media Council (SEPLP) has told the state-owned TV channel, LTV7, to provide all content in Latvian only as of 1 January 2025, BNS reports. Currently, LTV7 carries programmes in Russian as well. Earlier, the Latvian parliament, the Saeima, approved a new national security concept that obliges Latvia’s public broadcasters to have…
The number of nights spent by foreign visitors in the three Baltic capitals was highest in Tallinn in the first half of 2024, according to data from the Latvian Hotel and Restaurant Association (LVRA), BNS reports. Foreigners spent 1.075 million nights at accommodation establishments in Tallinn, followed by Riga with 851,000 and Vilnius with 699,000….
Estonia was the world’s largest exporter of prefabricated wooden houses in 2023, ELTA reports, citing Lithuanian business news portal Verslo Zinios. Estonia had a global market share of 21.5%, followed by Lithuania with 9.3% and Poland with 8%. Estonia’s exports of wooden buildings totalled EUR 390mn in 2023. Lithuania came in second with EUR 164mn, which…
Most drivers in Latvia exceed the speed limit daily, according to a Norstat poll for insurance company ERGO, BNS reports. The survey showed that 67% of Latvian drivers violate speed limits every day, including 74% of male and 60% of female drivers. Meanwhile, 48% of drivers have never been ticketed for speeding, while 42% have…