Lithuania’s Klaipeda State Seaport has begun a procurement process for contractors in the first phase of a project to develop the port’s southern area, The Baltic Times reports. The plan is to begin construction on the southern port gates in 2026. The project involves reclaiming around 100 hectares of new port territory and building 1.3…
Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, arrived on a two-day working visit to Latvia on 2 February 2026, LSM reported. Ablakwa said that the immediate reason for his visit was to discuss the circumstances surrounding the death of an 18-year-old Ghanaian student in Riga in June 2025, GhanaWeb reported. Also, Ablakwa informed his Latvian counterpart,…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
The Baltic States and Poland can become a bridge to reinforce relations with the United States, Latvian President Edgars Rinkevics said, LETA reports. Speaking at a joint press conference with visiting Polish President Karol Nawrocki in Riga, Rinkevics called on countries in the region to ensure that transatlantic ties are strengthened rather than weakened. He…
Most large and medium-sized companies in the Baltic States plan to invest in business development in 2026, according to a Kantar survey for OP Corporate Bank, LSM reports. The survey showed that 87% of enterprises in Lithuania, 85% in Latvia, and 74% in Estonia plan to invest in development. Specifically, Lithuanian companies plan to increase…
Gross domestic expenditure on research and development (R&D) in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. Estonia’s R&D spending stood at 1.99% of GDP, which was up from 1.83% in 2023. The indicator stood at 1.04% (1.04%) in Lithuania and at 0.92% (0.82%) in Latvia. The EU…
Estonia hopes to receive around EUR 6bn more from than it pays to the EU’s budget for 2028-2034, Finance Minister Jürgen Ligi said, ERR reports. Under the current budget proposal, Estonia would contribute EUR 4.8bn to the EU’s next multiannual financial framework. Estonia’s national allocation would amount to EUR 6.5bn and funds awarded competitively to…
Estonia ranks the highest in the Baltic States on the World Intellectual Property Organization’s (WIPO) Global Innovation Index in 2025, Labs of Latvia reports. Estonia ranks 16th on the global index, followed by Lithuania on 33rd place and Latvia on 41st place. The Global Innovation Index ranks the world’s 139 most innovative economies based on…
Lithuanian real estate developer Hanner and Baltic investment company BaltCap have completed a deal under which Hanner will take over the national stadium project in Vilnius, BNS reports. Hanner acquired 98% of shares in Venetus Capital, which owns the project’s concessionaire, Vilniaus Daugiafunkcis Kompleksas (VDK), for one euro. Hanner will pay EUR 2.8mn to BaltCap…