Latvia: Estonia’s Agrone acquires biggest dairy group

Estonia’s leading agricultural group, Agrone, has completed the acquisition of 100% of shares in Latvia’s largest dairy group, Food Union Management, LSM reports. Agrone acquired the shares from Food Union Luxembourg Holdings II for an undisclosed price. The Food Union group includes Rigas Piena Kombinats and Valmieras Piens, which produce some of Latvia’s best-known fresh…

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Baltic: Rail Baltica seeks another EUR 360mn of EU funds

The Baltic joint venture, RB Rail, has submitted a new application to the European Commission for an additional EUR 357.5mn in funding from the EU’s Connecting Europe Facility (CEF) for the Rail Baltica railway project, BNS reports. The European Commission and the European Climate, Infrastructure and Environment Executive Agency are expected to announce their decisions on…

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Baltic: EU rejects request to fund anti-drone defence

The European Commission has rejected a request from the three Baltic States for EUR 500mn of EU funding to develop an anti-drone defence system, LRT reports. Lithuanian Defence Minister Robertas Kaunas said that the system would have combined drone detection, AI, and interception technology into an integrated air-defence system. The European Commissioner for Defence and…

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