Estonian postal services provider Omniva has opened a new logistics centre near Lithuania’s second-largest city, Kaunas, BNS reports. The company invested EUR 42mn in the new facility, which was the group’s largest investment to date. The logistics centre, located in the Kaunas Free Economic Zone (KLEZ), has an area of almost 22,000 m2. The facility…
Lithuania is seeking continuous presence of US combat troops in the country, regardless of the outcome of the US presidential election, President Gitanas Nauseda stated, BNS reports. Speaking after visiting US troops at the Pabrade training area near Vilnius, Nauseda noted that the base would soon be able to accommodate about 1,000 US troops. At…
The financial regulatory authorities of the eight Nordic and Baltic countries have conducted a financial crisis simulation exercise under the Nordic Baltic Stability Group framework, ERR reports. The exercise was aimed at testing preparedness for a potential crisis situation, including in communication, information sharing, and collaboration between the authorities. Around 450 participants representing Nordic, Baltic,…
Polish oil company Orlen has signed a five-year agreement with the Lithuanian oil and gas terminal operator, KN Energies, for exclusive use of a LNG reloading station in Klaipeda, Reuters reports. Under the agreement, the LNG will be delivered to the station on small ships and then transported by truck to clients in the Baltic…
The chairs of the European affairs committees of the parliaments of the Baltic States and Poland demanded that the EU stop importing LNG from Russia as soon as possible, LSM reported. In a joint letter, the committee chairs insisted that LNG terminals at EU ports should not be used to import gas from Russia. They…
Lithuanian supermarket operator Maxima Group generated consolidated revenue totalling EUR 3bn in the first half of 2024, which was up 4.7% from the same period of 2023, GlobeNewswire reported. Like-for-like retail sales rose by 2.2% over a year, including by 4.7% in the Baltic States. Online sales dropped by EUR 8mn. The group’s six-month EBITDA…
The Lithuanian fish processing company, Port Lite, has invested EUR 80mn in a new salmon processing plant in the Latvian port city of Liepaja, Baltic News Network reports. Sigitas Ambrazevicius, founder and owner of Port Lite, said that the 15,000 m2 plant would process around 25,000 tonnes of salmon per year. The company will sell…
Lithuanian Finance Minister Gintare Skaiste welcomed the International Monetary Fund’s (IMF) decision to postpone its planned mission to Russia indefinitely, BNS reports. Earlier, the Nordic and Baltic countries as well as Poland urged the IMF to reconsider its decision to resume consultations with Russia. Speaking in an interview with Ziniu Radijas, Skaiste noted that it…
Estonia has voted in favour of a UN General Assembly resolution urging Israel to end the occupation of Palestinian territories, ERR reports. Foreign Minister Margus Tsahkna noted that international law must apply to all UN member states. At the same time, he stressed that the vote did not change Estonia’s support for Israel. The US…