Altogether 263 companies in Latvia continue to export goods to Russia or Belarus, according to the Central Statistical Bureau, LSM reports. The data show that 169 businesses export goods to Russia and 94 to Belarus. The list includes 38 companies that began doing business with Russia or Belarus after the start of the full-scale Russian…
Lithuania’s Transport Minister, Marius Skuodis, hopes that state-owned passenger train operator LTG Link open a regular connection between the Lithuanian capital, Vilnius, and Latvian capital Riga in 2024, BNS reports. Skuodis discussed the possibility of resuming a passenger train connection from Vilnius via Siauliai to Riga and Daugavpils with LTG Link’s CEO, Linas Bauzys. The…
Estonian Prime Minister Kaja Kallas is under pressure after ERR revealed that Keila-based logistics company Stark Logistics, in which her husband, Arvo Hallik, owns nearly 25% of shares, has continued to do business in Russia. Stark Logistics has shipped metal containers manufactured by Tallinn-based Metaprint to Russia. The majority owner of both Metaprint and Stark Logistics…
Lithuania’s Supreme Court has rejected an appeal of French energy group Veolia and its Lithuanian partners against an unfavourable court ruling in their dispute with the Energy Ministry, Baltic News Network reports. Earlier, the Court of Appeal upheld a lower court decision to accept the ministry’s lawsuit for examination. Veolia and its partners, Vilniaus Energija…
Lithuania’s state-owned LNG terminal operator, Klaipedos Nafta, plans to expand the annual regasification capacity of its floating storage and regasification unit (FSRU), the Independence, from 3.75 bcm to 5 bcm, Baltic News Network reports. Earlier, the company planned to expand the Klaipeda-based terminal’s capacity to 6.25 bcm. CEO Darius Silenskis expects the company to make…
New electric trains in Latvia will not start carrying passengers before November 2023, state-owned passenger train operator Pasazieru Vilciens (PV) announced, LSM reports. Initially, the trains were supposed to be running in January 2023. Representatives of Czechia’s Skoda Group explained that the coronavirus pandemic and the war in Ukraine had disrupted the production and delivery…
Latvia’s central bank, the Bank of Latvia, supports the Finance Ministry’s plan to introduce a mandatory requirement that banks pay corporate income tax on their profits in advance, LSM reports. Martins Kazaks, governor of the Bank of Latvia, argued that the solution should be permanent, thus ensuring that banks contribute to the state budget every…
Lithuanian mobile operators criticised the government’s plan to introduce mandatory registration of prepaid SIM cards as of 2024, LRT reports. The government argues that mandatory registration is necessary due to phone fraud and other criminal activity. Vytautas Bucinskas, head of business assurance at Telia Lietuva, pointed out that prepaid SIM cards were often used by…
Officials from Estonia’s Ida-Virumaa county are considering the possibility of establishing a direct flight connection with southeastern Finland, ERR reports. Local officials from Narva, Narva-Jõesuu, and Sillamäe took a test flight from an airfield outside Narva to Pyhtää airport (Helsinki-East Aerodrome) in Finland. Esa Korjula, CEO of Pyhtää airport’s operator, Redstone Aero, and Terhi Lindholm,…