Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid…
Lithuania expects a plan for deploying a permanent German brigade in Lithuania to be completed by the end of September 2023, Defence Minister Arvydas Anusauskas announced, LRT reports. He said that a joint task group was now starting work on drawing up the plan. Earlier, German Defence Minister Boris Pistorius said that Germany expected to…
Latvia’s foreign trade turnover totalled EUR 17.93bn in the first five months of 2023, which was down EUR 718.4mn (3.9%) from the same period of 2022, according to provisional data from the Central Statistical Bureau, LSM reports. Exports totalled EUR 8.12bn, which was down EUR 281.2mn (3.3%) over a year. Imports totalled EUR 9.81bn, which…
Lithuania wishes to agree on a permanent deployment of a German brigade “as soon as possible,” Defence Minister Arvydas Anusauskas stated, BNS reports. Speaking after a meeting with German Defence Minister Boris Pistorius in Vilnius, Anusauskas said that Lithuania wanted Germany to deploy the brigade before the end of 2023. He stressed the need to…
NATO has affirmed decisions taken at the alliance’s Madrid summit in 2022 to deploy more combat-ready forces to the Baltic States, LRT reports. NATO allies will increase their troop presence in the region to brigade-size units. Meanwhile, German Defence Minister, Boris Pistorius, announced that Germany’s deployment of a full brigade in Lithuania would be done…
The heads of parliaments of Estonia, Latvia, Lithuania, Poland, and Germany have signed a joint declaration, calling on the NATO summit in Vilnius to commit to Ukraine’s eventual membership of the alliance, Ukrinform reports. The parliamentary speakers called on NATO allies to work closely together to develop security commitments for Ukraine. At the same time,…
Estonia’s exports of goods totalled EUR 1.6bn at current prices in May 2023, which was down 15% from the same period of 2022, according to data from Statistics Estonia, ERR reports. Exports of goods of Estonian origin fell by 21% and accounted for 65% (69%) of total exports. Overall imports totalled EUR 1.9bn, which was…
NATO allies have deployed additional capabilities to safeguard the NATO summit in Lithuania’s capital city of Vilnius on 11-12 July 2023, ERR reports. Germany has stationed 12 Patriot air defence batteries, Spain has sent NASAMS air defence systems, and France will deploy Caesar mobile artillery in Lithuania. Also, Denmark, Finland, and France will station fighter…
The board chairman of Lithuania’s central bank, the Bank of Lithuania, Gediminas Šimkus, said that German banks would be welcome in Lithuania, ELTA reports. Speaking at an event hosted by Lithuania’s honorary consul in Germany, Šimkus noted that the Lithuanian banking sector was still concentrated, with only three major banks accounting for the majority of…