Estonia’s state-owned energy group, Eesti Energia, will merge all of its electricity business into its fully-owned subsidiary, Enefit, as of 2026, ERR reports. The group will merge its Enefit entities in Latvia, Lithuania, and Poland as well. The new Enefit will serve more than 560,000 retail customers in four countries. Eesti Energia says that the…
Lithuania’s largest cities are beginning the heating season earlier than usual in 2025 due to colder temperatures and poor weather forecasts, LRT reports. Vilnius switched on central heating on 1 October 2025, while Kaunas will start its heating season on 2 October 2025 and Klaipeda on 6 October 2025, BNS reported. Siauliai and Panevezys will…
Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Estonia’s fuel market remained stable in 2024, ERR reported. Olerex retained market leadership with annual sales of EUR 551.6mn, which was largely unchanged from 2023. Motor fuel accounted for 81% of overall turnover. The company’s profit remained stable at EUR 6.7mn. Circle K’s revenue declined to EUR 369.3mn, while its net profit increased to EUR…
The Lithuanian government has approved the Energy Ministry’s proposal to assess the potential for developing nuclear energy capacity in the country, BNS reports. The ministry will set up a special working group to assess the possible establishment of small modular nuclear reactors with a capacity of 1.5 GW. Lithuania’s electricity demand is estimated to reach…
Latvia’s gross energy consumption remained stable in 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Gross energy consumption totalled 183 PJ, which was 1 PJ less than in 2023. Final energy consumption totalled 166 PJ, which was down 0.8% on year. Transport accounted for 47 PJ (28.4%) of final consumption,…
Renewable energy accounted for 73% of the total volume of electricity generated in Latvia in 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The volume of electricity produced from renewable sources totalled 4,643 GWh in 2024. Hydro, wind, and solar power plants generated a total of 4,022 GWh of electricity…
Latvia’s relations with the US are deep and positive, Latvian Foreign Minister Baiba Braze assured, LETA reports. Speaking in an interview with LTV, Braze noted said that US President Donald Trump’s administration appreciated Latvia for being a good ally and for not engaging in public “loud rhetoric.” Earlier, US Secretary of State Marco Rubio met…
Estonia’s annual inflation may reach 6% or higher in 2025, driven by the rise in energy and food prices, local analysts forecast, ERR reports. Triinu Tapver, analyst at LHV Pank, said that inflation could amount to as much as 6.2-6.5% in 2025, which would be up sharply from the bank’s earlier estimate of 4.5% at…
