The Balticconnector gas pipeline between Estonia and Finland has been closed due to a possible leak, ERR reports. Finnish gas transmission system operator Gasgrid Finland reported that the 77-kilometre undersea pipeline experienced a pressure drop in the early hours of the morning of 8 October 2023. The cause of the problem and the location of…
The Baltic Assembly and the Nordic Council have agreed on new priorities of cooperation at their annual summit in the Estonian capital, Tallinn, BNS reports. In the 2024-2026 period, the two parliamentary cooperation organisations will focus on supporting Ukraine’s reconstruction and on defence against cyber threats and disinformation. Also, the eight parliaments will promote democracy…
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has searched the offices of the municipal administration in Valmiera, LSM reports. KNAB detained Valmiera’s mayor, Janis Baiks, and other officials as part of the criminal investigation. The officials and representatives of several companies are suspected of misappropriating more than EUR 4mn of funds from the European Regional…
Turkish-owned Liepaja Steel has abandoned plans to resume production at its steel plant in the Latvian city of Liepaja, LETA reports. The company will dismantle the plant’s steel melting furnace and move the machinery to Türkiye. Liepaja Steel failed to reach agreement with the Liepaja city council and the Liepaja Special Economic Zone (Liepajas SEZ)…
Lithuanian commercial banks and other credit institutions are due to pay a total of over EUR 50mn in temporary solidarity tax by 31 August 2023, BNS reports. Banks will have to pay the full tax for 2023 by 15 June 2024. The tax is calculated based on net interest income that exceeds the average income…
Lithuanian President Gitanas Nauseda will make efforts to ensure that Germany’s brigade is deployed to Lithuania by 2026, according to his chief foreign policy adviser, Asta Skaisgiryte, BNS reports. Germany’s chief of defence, General Carsten Breuer, said that Germany would begin deploying the brigade in early 2024. Nauseda met with Breuer in Vilnius to discuss…
Estonia’s electricity distribution system operator, Elektrilevi, plans to double investments in its networks to EUR 1bn over the next five years, ERR reports. Also, the state will invest around EUR 13mn in making the electricity infrastructure on the islands of Hiiumaa, Muhu, and Saaremaa more weather resistant. Elektrilevi will invest EUR 4mn to replace over…
Latvia’s Riga City Council has elected New Unity’s Vilnis Kirsis as the capital city’s new mayor, LETA reports. Kirsis named street renovation, construction of new housing, and investment in education as his policy priorities. Kirsis served as acting mayor after the resignation of Martins Stakis, who represented the Progressives and Movement For, in early July…
Latvia’s construction output increased by 16.1% in the first half of 2023 compared to the same period of 2022, according to the Central Statistical Bureau’s calendar-adjusted data at constant prices, LSM reports. Construction of buildings rose by 23.2%, specialised construction activities by 17.5%, and civil engineering works by 2.6% over a year. In the second…