Latvia’s national air carrier, airBaltic, has no plans to ask the government for more money, CEO Martin Gauss stated, LSM reports. Speaking in an interview with LTV, Gauss said that the company had to raise additional capital from international investors on the stock market instead. Earlier, Klavs Vasks, chairman of airBaltic’s supervisory board, surmised that…
The Baltic and Polish transmission system operators (TSO) plan to apply for around EUR 600mn of EU funding for infrastructure investments from the Connecting Europe Facility (CEF), ERR reports. The funds would be divided equally between the four companies. The companies would use the funds for investments in protecting their critical energy infrastructure. Kalle Kilk,…
Estonia has implemented a new rounding rule for cash payments as of 1 January 2025, The Baltic Guide reports. Under the new “Swedish rounding” rule, the final cash transaction totals will be rounded to the nearest five cents, reducing the need for one and two cent coins. The coins will still remain legal tender, however….
Estonian shipping company Tallink Grupp carried a total of 5,580,016 passengers in 2024, which was down 2.2% from 5,705,600 in 2023, ERR reports. The number of passengers increased by 2.5% on the route between Estonia and Finland and 8% on the routes between Estonia and Sweden, but decreased by 15.4% on the routes between Finland…
Ukraine did not use Estonian airspace in its latest drone attack against Russia’s port of Ust-Luga in the Leningrad region, according to the Estonian Air Force (Õhuvägi), ERR reports. Aivar Hanniotti, coordinator of UAV operations at the Estonian Defence League (Kaitseliit), said that the flight path of the attack drone likely started from Ukraine’s Kyiv…
Latvia’s national airline, airBaltic, has announced that it will cancel flights on 19 routes and reduce flights on 21 routes in summer 2025 due to engine maintenance, LSM reports. The company will cancel flights from Riga to Aberdeen, Belgrade, Cluj-Napoca, Gothenburg, Mykonos, Pristina, Rzeszów, Skopje, Stavanger, and Yerevan. Also, the company will cancel flights from…
US president-elect Donald Trump has nominated Estonian-born lawyer Roman Pipko for US ambassador to Estonia, ERR reports. The US Senate is expected to confirm the nomination. Pipko will replace George Kent, who assumed the ambassadorship in January 2023. Trump noted that Pipko worked at the European Bank for Reconstruction and Development and the Russian-American Enterprise…
The malfunction of the EstLink 2 power cable between Estonia and Finland is likely to raise electricity prices in Estonia, according to energy experts, ERR reports. However, Jaanus Uiga, deputy secretary general at the Ministry of Climate, said that, owing to an increase in renewable energy capacity, the price difference between Estonia and Finland could…
Breaking up Estonia’s state-owned energy group, Eesti Energia, would not improve energy security, Finance Minister Jürgen Ligi stated, ERR reports. Speaking in an interview with Vikerraadio, Ligi insisted that Eesti Energia provided an essential service for society. He said that building a new gas power plant in Narva was a “good idea,” but stressed the…