Food prices in Latvia are not falling as rapidly as they should, and people’s purchasing power is not increasing, Inguna Gulbe, head of the Agricultural Market Promotion Centre (LTVC), stated, LSM reports. She noted that prices for some food products, such as sunflower oil and butter, were falling, while other food products remained more expensive…
Costs associated with forest restoration, maintenance, and logging increased in Latvia in 2022, according to data from the Central Statistical Bureau, LSM reports. The average cost of forest restoration amounted to EUR 792-931 per hectare, which was up 2.5-12.4% from EUR 742-890 per hectare in 2021. The average cost of logging operations rose by 31.0%…
Estonian energy group Alexela reported revenue of more than EUR 620mn in 2022, which was up almost 70% from around EUR 368mn in 2021, ERR reports. The group’s annual profit amounted to EUR 14.6mn, which was up 75% from EUR 8.3mn a year earlier. Alexela attributed the rise in profit to an increase in the…
Strong winds and high waves disrupted ferry services to Estonia’s smaller islands on 3 July 2023, BNS reported. Ferry operator Kihnu Veeteed cancelled departures of the Kihnu Virve and Soela passenger ferries were cancelled during the day. Also, the Ormsö passenger ferry did not accept heavy vehicles on the Sviby-Rohuküla route.
The Estonian State Fleet (Riigilaevastik), responsible for managing vessels previously owned by multiple state agencies and enterprises, began full operations on 1 July 2023, Postimees reports. The State Fleet has nearly 300 vessels under management. The agency will manage watercraft and floating markings, icebreaking operations, and pilot services. Climate Minister Kristen Michal said that the…
The authorities in Lithuania’s capital, Vilnius, will remove old trolleybuses from city traffic temporarily for the duration of the NATO summit on 11-12 July 2023, LRT reports. The municipal public transport company, Vilniaus Viesasis Transportas, will remove old Skoda trolleybuses from traffic and have new trolleybuses running in the city during the summit. Also, bus…
Lithuanian stores no longer have free disposable plastic bags, prompting buyers to consider changing their habits, DELFI reports. Customers seem to be not immediately willing to give up disposable bags and are willing to pay 1 cent for them. However, most buyers expressed their intention to change their habits and start using reusable bags. One…
Latvia’s state-owned rail freight operator, LDz Cargo, has opened a branch in Estonia, DELFI reports. The new branch employs four people. The company’s strategic objective is to enter new markets and increase its rail freight volume to boost revenue. LDz Cargo began providing freight transportation services in Estonia in January 2023. The company has an…
Latvia’s Jurmala city council plans to begin reconstruction work on the Dzintari overpass in autumn 2023, deputy mayor Janis Ledins told LETA. The city council allocated funds for the long-awaited project, which is estimated to cost over EUR 7mn. Earlier, the Latvian government approved a state loan for the project. The general contractor on the…