Latvia plans to build a new factory producing modular powder charges for artillery ammunition in Iecava parish, LETA reports. The factory will have a production capacity of 50,000 charges annually. The plant is expected to begin operations in 2026. The project will cost an estimated EUR 12mn, with EUR 1mn to come from EU co-financing…
Latvia’s gross energy consumption totalled 185 PJ in 2023, which was 1 % less than in 2022, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Final energy consumption totalled 170 PJ, which was 0.9 % less than in 2022. Transport used 52 PJ (30.6%) of energy, followed by households with 45 PJ…
Estonian biomaterials company Fibenol plans to invest EUR 600-700mn in a biorefinery in Latvia, ERR reports. Fibenol’s pretreatment technology will convert locally-sourced wood into biomaterials that can replace fossil fuel-based chemicals in various industries. The company had initially intended to build the plant in Estonia. Fibenol’s owner, Raul Kirjanen, noted that countries rich in wood…
Sweden joining NATO strengthens Baltic security by allowing for better planning and information sharing among members, according to Estonian experts, ERR reports. Sweden’s membership will make NATO’s defence activities more effective and deter Russia in the Baltic region, the experts believe. Sweden brings strong naval and air capabilities, early warning systems, and a significant defence…
The unadjusted gender pay gap in the Baltic States was highest in Estonia in 2022, according to Eurostat data, LSM reported. In Estonia, women’s average gross hourly wage was 21.3% lower than that of men in 2022, which was up from 20.5% in 2021. The gender pay gap stood at 17.1% (14.6%) in Latvia and…
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…