Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
The Baltic power transmission system operators (TSO) will notify Russia and Belarus about their decision to withdraw from the so-called BRELL agreement and the Moscow-controlled IPS/UPS transmission system in the coming weeks, Lithuania’s Ministry of Energy announced, BNS reports. The Baltic TSOs are fully ready to synchronise their power grids with the continental European system…
NATO allies agree that the Supreme Allied Commander Europe (SACEUR) should manage the rotation of air-defence systems in the Baltic region, Lithuanian President Gitanas Nauseda stated, BNS reports. He said that political leaders of individual countries need not travel to different capitals and request anti-air defence systems. The NATO summit in Vilnius agreed in 2023…
Latvia ranks highest in the Baltic States in achieving the UN’s sustainable development goals, according to the UN’s Sustainable Development Report 2024, LSM reports. Latvia ranked 13th in the sustainable development index, which was up from 14th place in 2023. Estonia ranked 15th, while Lithuania was on 31st place. Latvia’s overall score on the index…
Baltic leaders reacted strongly to Russia’s massive missile attacks across Ukraine, including against a children’s hospital in Kyiv, on 8 July 2024. Lithuanian President Gitanas Nauseda stated that there was “no line Russian terrorists would not cross.” Estonian Foreign Minister Margus Tsahkna said that Russia was a terrorist state with whom negotiations were impossible. Estonian…
The Baltic States will present a capability development plan at the upcoming NATO summit in Washington, BNS reports. Estonian President Alar Karis emphasised the need for increased defence spending, suggesting a minimum target of 2.5-3% of GDP. Lithuanian President Gitanas Nauseda pointed out that Lithuania’s defence spending has already reached 3% of GDP in 2024….
Lithuania has the biggest installed capacity of wind energy in the Baltic States, according to Toms Naburgs, managing director of the Latvian Wind Energy Association (LVEA), LSM reports. Lithuania has 1,400 MW of installed wind turbines, compared to 400 MW in Estonia and just 140 MW in Latvia. Moreover, Lithuania is building and planning even…
The heads of the public broadcasters in the Baltic States and Ukraine signed a memorandum of cooperation during the General Assembly of the European Broadcasting Union (EBU) in Cyprus, LSM reports. The memorandum aims to establish mutual support mechanisms to ensure business continuity in an emergency, such as a war. The agreement provides for the…
The Baltic States will receive a total of USD 228mn in security assistance from the US under the Baltic Security Initiative (BSI) in 2024, ERR reports. The three countries received USD 225mn of assistance under the initiative in 2023, USD 180mn in 2022, and USD 169mn in 2021. The exact amount distributed to each of…