Latvian metal processing company EMJ Metals has started cooperation with Finnish military vehicle manufacturer Patria, LSM reports. EMJ Metals manufactures metal sheet parts and APC bodies. The company invested EUR 3mn in equipment and renovating its production facility to enable cooperation with manufacturers in other countries. Latvian companies are now cooperating with 10 large global…
The Estonian shipping company, Tallink Grupp, carried a total of 5,705,600 passengers in 2023, which was up 4.5% from 5,462,085 in 2022, ERR reported. The number of passengers increased on the Estonia-Finland and Estonia-Sweden routes, but decreased on the Finland-Sweden routes. The company’s ferries carried 840,881 passenger vehicles in 2023, which was an increase of…
Latvia’s national airline, airBaltic, carried around 4.5mn passengers in 2023, which was 36% more than in 2022, according to preliminary data, LETA reports. The carrier operated over 44,000 flights, which was 18% more than a year earlier. The company offered direct flights on over 100 routes from bases in Riga, Vilnius, Tallinn, Tampere, and Gran…
The Estonian Defence and Aerospace Industry Association (EKTL) has signed a cooperation agreement with Ukraine’s Ministry of Strategic Industries, ERR reports. The agreement, which covers both technology development and transfer, allows Estonian defence industry companies to increase their involvement in the development of Ukraine’s defence capabilities, giving direct access to Ukrainian state institutions. Currently, 10…
Housing prices more than tripled in Estonia between 2010 and the third quarter of 2023, rising by 210%, according to Eurostat data, LSM reports. Meanwhile, housing prices more than doubled in Lithuania (up 158%) and Latvia (up 141%) over the same period. The increase in rents was the EU’s highest in Estonia (up 218%) and…
Defects in new electric trains of Latvia’s state-owned carrier, Pasazieru Vilciens (Vivi), disrupted the daily commute of hundreds of passengers in the first week of 2024, LSM reported. The technical problems resulted in running cancellations and delays of many departures. Transport Minister Kaspars Briskens assured that most of the defects were “relatively trivial.” However, some…
The number of cars newly registered in Latvia totalled 18,000 in 2023, LSM reported. The most popular brands in the new car segment were Toyota (3,900), Skoda (2,350), and Volkswagen (2,000). In the second-hand car market, the most popular brands were BMW, Volkswagen, and Audi. The data showed that SUVs and 4×4 cars were the…
The number of new cars sold in Estonia totalled 22,820 in 2023, which was 11.7% more than in 2022, according to data from the Union of Estonian Car Sales and Service Enterprises (AMTEL), ERR reports. Sales were still short of the figure in 2019, when the number of new cars sold totalled 26,589. Hybrid vehicles…
Latvia supports prohibiting the import of Russian grain but will not impose a unilateral ban, parties in the coalition government announced, LSM reports. Instead, Latvia calls on EU member states to agree on a common position on the issue. At the same time, the government is instructing ministries to assess the impact of such a…