The World Trade Organization (WTO) has again suspended the case over China’s trade restrictions on Lithuania, following a second request from the European Commission (EC), BNS reports. Apparently, EC lawyers have failed to find sufficient proof of Chinese restrictions on Lithuanian goods. The case may now be halted for a year and then terminated if…
The combined revenues of Estonia’s three largest telecommunications service providers dropped to around EUR 671mn in 2024, ERR reports. Estonia’s leading telecommunications company, Swedish-owned Telia, reported an annual turnover of EUR 359.7mn, which was down 0.4% from 2023. Finnish-owned Elisa’s turnover fell by 1.2% to EUR 223mn in 2024. Swedish-owned TELE2’s turnover amounted to an…
German aviation group Lufthansa Group will become a strategic investor in Latvia’s national air carrier, airBaltic, LSM reports. Under the deal, Lufthansa will acquire 10% of shares in airBaltic for EUR 14mn. The group plans to close the deal in the second quarter of 2025, subject to regulatory approval. The shares will be converted into…
The four policy priorities of Latvia’s coalition government in 2025 are “security, support for families, economic growth, and reducing bureaucracy,” Prime Minister Evika Silina announced, LSM reports. She will begin individual meetings with ministers to discuss the priorities, according to LETA. Silina said that national security remained the government’s most pressing priority, highlighting the need…
Estonia’s state-owned passenger train operator, Eesti Liinirongid (Elron), plans to open a direct train connection between Tartu in southern Estonia and the Latvian capital, Riga, in summer 2025, BNS reports. Elron will soon begin test runs between Valga and Riga. CEO Lauri Betlem said that the authorisation of trains in Latvia had taken much longer…
The cargo turnover of Estonia’s Port of Tallinn totalled over 13mn tonnes in 2024, which was up 4.4% from 2023, ERR reports. The port operator served over 8mn passengers in 2024, which was 3.6% more than a year earlier. The number of passengers on Estonia’s island ferries rose by 2.1% over a year. Port of…
Nordic and Baltic foreign ministers have agreed to help step up international support for Moldova after Russia’s state-owned energy corporation, Gazprom, stopped gas supplies to the country, ERR reports. In a joint statement, the eight ministers said that they would work with the European Commission and other key partners to help Moldova. The ministers said…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has opened an investigation into possible conflict of interest involving Martin Gauss, CEO of the country’s national airline, airBaltic, LETA reports. KNAB said that it opened the probe after receiving applications from private individuals. Earlier, Girts Lapins, spokesman for the opposition National Alliance, reported that Gauss owns a…
The Investment and Development Agency of Latvia (LIAA) helped attract 45 foreign investment projects, which will create an estimated 2,023 new jobs, in 2024, LSM reports. The total value of the projects is EUR 655.4mn, which is up 6% from 2023. The biggest investments were in high-value-added manufacturing, ICT, energy, and aviation. LIAA’s target is…