The Lithuanian government has granted special status to German arms manufacturer Rheinmetall’s planned artillery ammunition plant in Radviliskis district, BNS reports. The designation allows the company to begin construction of the plant without the standard construction permits, which must be obtained before completion. The plant, which will be named the Lithuanian Centre of Excellence for…
The Lithuanian government plans to invest around EUR 17.56mn in counter-mobility measures over 2024-2027, the Ministry of Defence announced, BNS reports. The plan is to deploy counter-mobility defence installations along the border with Belarus and Russia’s Kaliningrad (Königsberg) region by April 2025, reserve barriers on major national roads and bridges by November 2025, and drainage…
Czech company Skoda Vagonka pledges to deliver the remaining seven new electric trains to Latvia by the end of July 2024, LETA reports. The company assured that production was proceeding on schedule. Latvian passenger train operator Pasazieru Vilciens (Vivi) has so far received 25 of the 32 new electric trains ordered from Skoda Vagonka. Vivi…
The Investment and Development Agency of Latvia (LIAA) attracted 28 foreign investment projects in the first half of 2024, LSM reported. The projects will bring investments of EUR 263mn and create 1,245 new jobs. Altogether 13 of the projects are in Riga, 9 in Kurzeme, 3 in Latgale, 2 in Vidzeme, and 1 in Zemgale….
Estonia’s primary goals at the NATO summit in Washington include increasing defence spending, closing capability gaps, and maintaining a focus on the threat from Russia, ERR reports. Estonia is pushing for investments in critical defence capabilities such as air defence and ammunition. Estonia supports raising the defence spending target to 2.5-3% of GDP. Additionally, Estonia…
Estonia’s ruling coalition parties have agreed to boost Estonia’s economic competitiveness by developing new industries and focusing on nationwide development, ERR reports. The three parties aim to reduce bureaucracy and use EU funds and CO2 money for industrial growth. The coalition plans to distribute subsidies for large investments across Estonia to raise wages and improve…
Lithuania has the biggest installed capacity of wind energy in the Baltic States, according to Toms Naburgs, managing director of the Latvian Wind Energy Association (LVEA), LSM reports. Lithuania has 1,400 MW of installed wind turbines, compared to 400 MW in Estonia and just 140 MW in Latvia. Moreover, Lithuania is building and planning even…
Estonia and Latvia will receive TRML-4D radars from German defence electronics manufacturer Hensoldt under the European Sky Shield Initiative, Defense News reports. The company will integrate the radars, worth more than EUR 100mn, into the IRIS-T SLM air defence systems on behalf of Germany’s Diehl Defence. The radars will allow for the detection of aerial…
Latvia’s Riga City Council may revise its property tax policy to address the issue of abandoned and empty shopfronts in the Old Town, LSM reports. Also, the city council has invested EUR 1.5mn in promoting Riga as a tourist destination and will launch a major redevelopment project for two streets in the Old Town to…