The Lithuanian developer of solar project design software, PVcase, has secured USD 100mn (EUR 90mn) of new funding from international investors, pv magazine reports. Existing investor, Boston-based Elephant VC, Chicago-based Energize Ventures, and London-based Highland Europe participated in the funding round. This is the second-largest investment ever in Lithuania’s startup sector, Baltic News Network reports….
Part of a wall of the wastewater treatment plant in the Latvian port city of Liepaja collapsed on 23 July 2023, Baltic News Network reports. The State Environmental Service (VVD) said that around 1,250 m3 of untreated sewage leaked into the environment as a result of the accident, LSM reported. Municipal authorities urged residents to…
The movements of the Russian private military company, Wagner Group, in Belarus do not present any direct threat to Latvia, the Ministry of Defence stated, LETA reports. The ministry noted that Latvia’s national security authorities have been on high alert ever since Russia started its full invasion of Ukraine. Meanwhile, Latvian President Edgars Rinkevics said…
Estonia has blocked a decision on the redistribution of seats in the European Parliament, LETA reports. All EU member states except Estonia have agreed on the redistribution, which would provide more seats to several member states. Estonia demanded that Spain, which holds the EU presidency, explain the calculation for the seat redistribution.
Coordinated action by the Baltic States was essential to synchronise their power grids with the continental European system, Latvian President Edgars Rinkevics stated, LETA reports. Rinkevics discussed the synchronisation project with Climate and Energy Minister Raimonds Cudars. Earlier, Lithuanian President Gitanas Nauseda urged Rinkevics to speed up the synchronisation project, LETA reported. Speaking after a…
Latvia’s retail sector has had no competition, especially in grocery trade, for years, Agriculture Minister Didzis Smits stated, LETA reports. Speaking in an interview with LTV, Smits asserted that retailers could set markups of 300% plus VAT on local produce and still compete, which he said was “abnormal” and “unpatriotic.” He insisted that in such…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has conducted a search at the Sigulda municipal council as part of ongoing criminal proceedings, LETA reports. Municipal spokespersons refused to disclose more details, however. According to sources, one municipal councillor and a local businessman were implicated in the criminal investigation. LTV reported that the investigation was looking…
Annual inflation in the Baltic States was highest in Estonia in June 2023, according to Eurostat data, LETA reports. Estonia’s inflation rate stood at 9% in June 2023, followed by Lithuania with 8.2% and Latvia with 8.1%. Compared to May 2023, inflation amounted to 0.8% in Estonia. Meanwhile, consumer prices went down by 0.1% in…
The Latvian alliance of liberal political parties, Development/For, has changed its name to PLI, LETA reports. Miks Celmins, executive chairman of Movement For, said that PLI’s initials stood for the three parties that formed the alliance: Movement For (Kustiba Par), For Latvia’s Development (Latvijas Attistibai), and Growth (Izaugsme). Celmins said that PLI would not coordinate…
