Latvia: EU prosecutors probe corruption at Riga public transport company

The European Public Prosecutor’s Office (EPPO) has taken up a case of suspected corruption at Latvian capital Riga’s municipal public transport company, Rigas Satiksme, LETA reports. EPPO conducted three searches as part of the ongoing criminal investigation into possible secret collaboration between Rigas Satiksme and private companies aimed at artificially inflating prices for goods and…

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Lithuania: LTG Cargo to buy electric locomotives for EUR 100mn

Lithuania’s state-owned rail freight operator, LTG Cargo, plans to buy electric locomotives for around EUR 100mn to transport cargo between Vilnius and the port of Klaipeda, Baltic News Network reports. The company has launched an international public procurement procedure for the purchase of the electric locomotives, technical maintenance, and supply of spare parts for at…

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Estonia: Elering wants to stick to power grid synchronisation schedule

The Baltic States should disconnect from the Russian-controlled BRELL power grid and synchronise with the European system as planned by the end of 2025, Kalle Kilk, CEO of Estonia’s electricity transmission system operator, Elering, stated, Postimees reports. Kilk noted that Russia provided the Baltic States with grid balancing services. Disconnecting from the Russian grid now…

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Estonia: Rail Baltic Estonia’s revenue up 84%, profit more than doubles in 2022

Estonia’s state-owned company Rail Baltic Estonia, which was established to build the Rail Baltica railway, reported revenue of nearly EUR 39.6mn in 2022, which was up 84.3% from 2021, BNS reports. The company’s annual profit more than doubled from EUR 11.4mn to EUR 28.5mn. Rail Baltic Estonia made a profit of EUR 36mn from targeted…

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