The share of children at risk of poverty in the Baltic States was lower than the EU average in 2023, according to Eurostat data, LSM reports. The statistics showed that as many as 21.7% of children under the age of 18 years in Lithuania were at risk of poverty or social exclusion in 2023, compared…
Annual inflation in the Baltic States was highest in Estonia in June 2024, according to Eurostat data, BNS reports. Estonia’s harmonised annual inflation rate stood at 2.8% in June 2024, compared to 1.5% in Latvia and 1.0% in Lithuania. Compared to May 2024, prices rose by 0.5% in Estonia but remained unchanged in Latvia and…
Latvian Foreign Minister Baiba Braze has called for severing economic ties with Russia and Belarus “to the maximum,” LSM reports. She insisted that Latvia must continue to decontaminate itself from Russian influence, stressing that economic security was as important for national security as military security. Braze reiterated the need for robust EU sanctions against Russia…
US congressmen Donald Bacon of Nebraska and Salud Carbajal of California have visited the Baltic States, LSM reports. In Latvia, the two members of the US House of Representatives met with Prime Minister Evika Silina, Foreign Minister Baiba Braze, and Defence Minister Andris Spruds to discuss political, economic, and defence cooperation, the NATO summit in…
The Baltic States, along with Nordic EU countries and Poland, will not send any ministers to Hungary during the country’s EU presidency, LETA reports. The move is in response to Hungarian Prime Minister Viktor Orbán’s visit to Russia. Lithuanian President Gitanas Nauseda will coordinate with other EU leaders on whether to attend a European Council…
The European Commission will allocate an additional EUR 1.2bn of EU funds for the construction of the Rail Baltica railway, the project’s coordinator, RB Rail, announced, LSM reports. Of the sum, around EUR 370mn will go to Estonia, EUR 346mn to Latvia, and EUR 458mn to Lithuania. Together with national co-financing, total available funding will…
The Baltic power transmission system operators (TSOs) have notified Russia and Belarus of their intention to decouple from the Russian-controlled IPS/UPS electricity system in February 2025, ERR reports. Estonia’s Elering, Latvia’s Augstsprieguma Tikls (AST), and Lithuania’s Litgrid informed the Russian and Belarusian TSOs that they would not extend the BRELL parallel energy system operation agreement….
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…