The Baltic States should disconnect from the Russian-controlled BRELL power grid and synchronise with the European system as planned by the end of 2025, Kalle Kilk, CEO of Estonia’s electricity transmission system operator, Elering, stated, Postimees reports. Kilk noted that Russia provided the Baltic States with grid balancing services. Disconnecting from the Russian grid now…
The presidents of Latvia, Lithuania, and Poland — Egils Levits, Gitanas Nauseda, and Andrzej Duda — have sent a joint letter to NATO Secretary General Jens Stoltenberg and leaders of NATO member states to warn them of the threats posed by the developments in Belarus, BNS reports. In the letter, the three presidents pointed out…
Latvia had the largest share of people outside the labour force in the three Baltic states in the first quarter of 2023, according to Eurostat data, LSM reports. Just over 16% of Latvia’s potential labour force is not currently part of the working population. The figure stands at 15.4% in Lithuania and 12.3% in Estonia….
Estonian debt collection and credit management company Aktiva Finance Group will acquire Swedish credit management company Intrum Group’s business in the Baltic States for EUR 30mn, TVNET reports. Under the deal, Aktiva Finance Group will acquire 100% of shares in Intrum Group’s subsidiaries in Estonia, Latvia, and Lithuania. The transaction is expected to be closed…
Housing prices in the Baltic States rose the fastest in Lithuania in the first quarter of 2023, according to Eurostat data, BNS reports. Compared to a year earlier, housing prices rose by 13.1% in Lithuania, which was the second-highest increase in the EU. Housing prices in Estonia rose by 9.2% and in Latvia by 6%…
Finland’s NATO membership opens up new opportunities for defence and security cooperation between Estonia and Finland, Estonian Prime Minister Kaja Kallas stated, The Baltic Times reports. Speaking during Finnish Prime Minister Petteri Orpo’s official visit to Estonia, Kallas said that Finland’s accession has bolstered NATO as a whole and the security of the Baltic Sea…
NATO has agreed on new regional defence plans for the Baltic States and Poland, but is still finalising the documents of the forthcoming summit in the Lithuanian capital, Vilnius, Lithuania’s Defence Minister, Arvydas Anusauskas, announced, BNS reports. He said that some countries are still trying to hold the documents until agreement is reached on completely…
Europe said that the Baltic States were right about Russia, but is ignoring us again, Lithuania’s former president, Dalia Grybauskaite, said, LRT reports. Speaking at a conference on the war in Ukraine at Vilnius University, Grybauskaite noted that when Baltic politicians warned Western leaders after Russia annexed Ukraine’s Crimean peninsula in 2014, they were ignored,…
Estonian pellet producer Graanul Invest reported sales of EUR 590mn in 2022, which was up 30% from 2021, ERR reports. The group’s annual net profit rose by 28% to EUR 111mn. The group produced 2.3 million tonnes of pellets in 2022, which was down from 2.5 million tonnes a year earlier. Due to raw material…