Estonian ride-hailing service provider Bolt will separate its taxi drivers in Lithuania by language proficiency, ELTA reports. Bolt spokesman Mantas Cizas siad that the company would apply stricter standards to communication and behaviour in the “Bolt” category, requiring that drivers speak fluent Lithuanian or English. Those who fail to do so can continue in the…
Latvia’s state-owned railway company, Latvijas Dzelzcels (LDz), carried 7.746mn tonnes of rail cargo in the first half of 2023, which was 36.7% less than in the same period of 2022, LETA reports. The volume of international freight amounted to 7.041mn tonnes (down 39.2%), while domestic freight doubled to 705,000 tonnes. LDz board chairman Rinalds Plavnieks…
Belarusian exiles in Lithuania have protested against what they say is “growing hostility” towards Belarusians, BNS reports. Volha Karach, director of the Lithuania-based NGO, Nash Dom (Our House), said that Belarusians in Lithuania were “victims of their openness.” She noted that Lithuanian authorities now deemed past military service or links to state institutions in Belarus…
Latvia’s Central Statistical Bureau (CSB) has released a list of Latvian companies that continue to export to Russia and Belarus, LETA reports. Economy Minister Ilze Indriksone instructed CSB to publish the list, which includes nearly 1,000 companies. The most common goods exported from Latvia to Russia include food products, alcoholic beverages, chemicals, medical products, machinery,…
Lithuania’s Energy Ministry plans to increase the protection of the country’s electricity infrastructure and Polish-owned oil company Orlen Lietuva’s refinery, BNS reports. Under an order drafted by Energy Minister Dainius Kreivys, the state will place key electricity infrastructure, including network connections with other countries, at a higher level of protection. Also, the state will place…
Estonia’s electricity distribution system operator, Elektrilevi, plans to double investments in its networks to EUR 1bn over the next five years, ERR reports. Also, the state will invest around EUR 13mn in making the electricity infrastructure on the islands of Hiiumaa, Muhu, and Saaremaa more weather resistant. Elektrilevi will invest EUR 4mn to replace over…
The average interest rates on home loans in the Baltic States stood at 5.12% in the second quarter of 2023, which was 3 percentage points higher than in the same period of 2022, ERR reports. The average rate was the highest in 14 years. The Baltic States have the highest mortgage interest rates in the…
The Baltic banking group, Luminor Bank, made a net profit of EUR 53.2mn in the second quarter of 2023, which was up 81% from the same period of 2022, ERR reports. The group attributed the sharp rise in profit to an improvement in net interest income. Meanwhile, operating expenses increased by 72% amid investments in…
A severe storm that hit Lithuania on 6-7 August 2023 toppled over 50,000 trees in forests, the state forest management enterprise, Valstybiniu Misku Uredija (VMU), announced, BNS reports. Valdas Kaubre, director general of VMU, said that the estimated total area of damaged forest amounted to around 2,000 hectares. Most of the trees fell in the…