Lithuania: Lithuanian Armed Forces receive more MPVs, off-road trucks

The Lithuanian Armed Forces (LGP) has received a new batch of cargo trucks and multi-purpose vehicles (MPV), the Defence Ministry announced, Baltic News Network reports. LGP received 53 new Peugeot Rifter MPVs. So far, LGP has received 90 Rifter MPVs, with the remainder expected to be delivered by the end of 2023. Lithuania is procuring…

Read Full News

Lithuania: Software startup PVcase secures USD 100mn investment

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….

Read Full News

Latvia: Wagner Group in Belarus poses no direct threat: ministry

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…

Read Full News

Baltic: Latvian president urges coordinated action on power grid synchronisation

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…

Read Full News

Latvia: No competition in grocery retail sector: Agriculture Minister

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…

Read Full News

Latvia: KNAB searches Sigulda municipal council in criminal probe

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…

Read Full News

Baltic: Annual inflation highest in Estonia in June 2023: Eurostat

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…

Read Full News