Lithuanian Transport Minister Marius Skuodis says EUR 1.3bn is needed to significantly improve the country’s road infrastructure, BNS reports. The current budget for road maintenance is EUR 872mn, which falls short of the necessary amount to address the deteriorating conditions, Skuodis says. The Ministry of Transport is exploring ways to provide direct funding to the…
Latvia will triple the number of average speed cameras on roads, Transport Minister Kaspars Briskens announced, LSM reports. Currently, there are average speed cameras on 16 road sections. Briskens said that the situation on Latvian roads was critical. He said that the ministry would increase focus on improving road infrastructure and enforcement of speed limits….
The planned synchronisation of the Baltic electricity grids with Western Europe in February 2025 will slightly increase electricity prices for consumers, according to Lithuanian Energy Minister Dainius Kreivys, BNS reports. The impact on prices will be minimal, around a few percent, he said. Lithuanian power grid operator Litgrid estimates that the synchronisation will cost consumers…
The ruling coalition in Latvia will review contracts and rising costs of the Rail Baltica railway project before approving any related payments, LETA reports. Following an audit of the project, the Ministry of Transport has turned to the Prosecution Office. The audit estimated that the total cost of the project had risen to EUR 23.8bn….
The number of border violations on Latvia’s eastern border with Belarus is increasing amid warmer weather, State Border Guard (VRS) chief Guntis Pujats announced, LSM reports. He noted that the situation on the border remained calm in January and early February 2024, but that the number of attempts to cross the border illegally had picked up…
Lithuanian banks and credit institutions paid around EUR 256mn in temporary solidarity tax in 2023, according to the Bank of Lithuania, BNS reported. The central bank estimates that revenue from the solidarity tax could amount to around EUR 190mn in 2024. The government will use the proceeds from the bank tax to pay for military…
Building unified Baltic defence infrastructure should be coordinated with Finnish and Polish military experts, Latvian President Edgars Rinkevics stated, LETA reports. Baltic cooperation with Finland and Poland was necessary to create an effective defence mechanism, he said. At the same time, Rinkevics reminded that Latvia was part of NATO’s defence planning. He discussed the issue…
The construction of the Baltic Defence Line in Latvia could take a decade, Latvian Defence Minister Andris Spruds estimated, LETA reports. He noted that the project would entail significant costs, which were currently being assessed. The government will have to align the costs with other national priorities, the minister said. Earlier, Baltic defence ministers signed…
The decision of the three Baltic States to build a “Baltic defence line” is preparation for a possible Russian attack, Lithuanian Foreign Minister Gabrielius Landsbergis stated, BNS reports. He said that the move served as a political message, seeking to draw the attention of allies to the threat posed by Russia. “If Russia is not…