Lithuania’s industrial production totalled EUR 35bn at current prices in 2023, the State Data Agency (VDA) reported. Compared to 2022, industrial output decreased by 5.2% at constant prices, according to calendar-adjusted data. In terms of unadjusted data, industrial production dropped by 5.3% over a year. The volume of output in manufacturing decreased by 3.7%, in…
Latvia’s industrial production declined by 4.5% in 2023 compared to 2022, according to the Central Statistical Bureau (CSP), LSM reported. Output in manufacturing decreased by 4.5%, in electricity and gas supply by 0.8%, and in mining by 19% over a year. The drop in manufacturing output was the largest annual decline since 2009. Martins Abolins, economist…
The total production of industrial enterprises in Estonia declined by 10.5% in 2023 at constant prices compared to 2022, according to Statistics Estonia’s data, ERR reports. Output decreased in all three industrial sectors, including in energy production by 21%, in manufacturing by 9.8%, and in mining and quarrying by 4.7%. Production volumes fell every month…
Russian dictator Vladimir Putin dreams of restoring the Russian Empire, as indicated by Russian propaganda and hybrid warfare, Latvian President Edgars Rinkevics stated, LETA reported. Speaking at the World Economic Forum in Davos, Rinkevics said that the Latvian government should remember that peacetime was over, stressing the need to boost the defence industry and defence…
Estonia’s three-party ruling coalition will meet on 30 January 2024 to discuss the state of the coalition, according to Foreign Minister Margus Tsahkna, chairman of Estonia 200 (E200), ERR reports. Tsahkna said that E200 would propose ways to revitalise the economy, including measures to reform education, ensure labour and capital availability, and stabilise energy prices…
Estonia’s Ministry of Climate has confirmed the felling quota for the state forest management centre, Riigimetsa Majandamise Keskus (RMK), in 2024, ERR reports. Under the decision, the felling quota will remain unchanged at 9,180 hectares. The quota only relates to RMK’s forest land, which represents around 1% of Estonia’s total forest area. A little less…
Latvia and Lithuania were among the largest exporters of beer to Russia in 2023, LRT reported, citing Russian news agency RIA Novosti. According to the report, the value of Lithuania’s beer exports to Russia amounted to USD 36.5mn in 2023, which was up by 1.9 times from 2022, accounting for just over 15% of Russia’s…
The Latvian government has outlined a comprehensive action plan to strengthen national security over the next few years, LETA reports. Key initiatives include securing allied presence, implementing NATO’s strategic concept, contributing to the EU’s security and defence policy, strengthening cooperation with transatlantic partners, and promoting EU-NATO cooperation. The plan prioritises dialogue with NATO member states,…
Latvian Defence Minister Andris Spruds expressed scepticism about the idea of creating an “EU army,” LSM reported. Latvia’s position was that NATO was irreplaceable and constituted the cornerstone of European security, Spruds stated. He pointed out that NATO united most EU countries as well as non-EU countries, insisting that there was no need to duplicate…