Estonia’s Defence Minister, Hanno Pevkur, voiced satisfaction at the details of NATO’s new defence plans for the Baltic region, ERR reports. He said that there were no outstanding points of contention regarding the plans ahead of the NATO summit in the Lithuanian capital, Vilnius. Discussions continued over the wording of the introductory section of the…
NATO’s new defence plans for the Baltic region are “very good and detailed,” Latvia’s Defence Minister, Inara Murniece, stated, The Baltic Times reports. The new plans provide for allied defence of the region from day one of a possible attack. Murniece noted that the plans were drawn up 18 months ahead of schedule. However, executing…
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…