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…
NATO has sent more warships to the Baltic Sea ahead of the defence alliance’s Vilnius summit, Giedrius Premeneckas, commander of the Lithuanian Navy, announced, BNS reports. Premeneckas said that allied ships ensured air surveillance, maritime situation surveillance, and interoperability. The allied naval force includes German, Italian, Polish, and US ships. The NATO summit will take…
Lithuania’s President, Gitanas Nauseda, criticised the “harsh rhetoric” of Foreign Minister Gabrielius Landsbergis over the deployment of a full German brigade in Lithuania, BNS reports. Speaking in an interview with LNK, Nauseda said that such rhetoric was not helpful. He stressed the need to ensure trust in partner countries, noting that Germany was Lithuania’s “biggest…
Lithuania’s state-owned energy group, Ignitis Grupe, will invest EUR 25mn in energy and climate change startups over ten years through Germany’s World Fund, Baltic News Network reports. The group has signed an investment management agreement with WF World Fund Management. Earlier, Ignitis Grupe announced that World Fund would manage the group’s second venture capital fund….
Germany will station a Patriot air defence system for the duration of the upcoming NATO summit in the Lithuanian capital, Vilnius, Baltic News Network reports. Also, additional combat capabilities will be stationed in Lithuania for the summit. The Lithuanian Armed Forces (LGP) will allocate over 3,000 troops for the event, which is to be held…