Latvia: LIAA helped attract EUR 655mn of foreign investments in 2024

The Investment and Development Agency of Latvia (LIAA) helped attract 45 foreign investment projects, which will create an estimated 2,023 new jobs, in 2024, LSM reports. The total value of the projects is EUR 655.4mn, which is up 6% from 2023. The biggest investments were in high-value-added manufacturing, ICT, energy, and aviation. LIAA’s target is…

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Baltic: Lithuania to propose building joint Baltic power plant

Lithuania will propose that the three Baltic States build a joint power plant to ensure flexible electricity production and energy security, Lithuanian Energy Minister Zygimantas Vaiciunas announced, BNS reports. Speaking on LRT, the minister suggested that the power plant could run on gas. He did not elaborate on the possible technology and location of the…

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Estonia: Government to support large-scale export projects

The Estonian government has agreed to provide EUR 160mn of state support for large-scale export-oriented investments in Estonia over 2025-2028, ERR reports. Economy and Industry Minister Erkki Keldo said that the support mechanism was aimed at regaining Estonia’s competitiveness in attracting investors to knowledge-intensive sectors of the economy. The scheme will be managed by the…

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Latvia: airBaltic to lease aircraft to Lufthansa

Latvia’s national air carrier, airBaltic, has signed a three-year wet lease agreement with Germany’s Lufthansa Group, LETA reports. Under the agreement, airBaltic will begin operating Lufthansa Group flights with up to 21 Airbus A220-300 aircraft in summer 2025. Previously, airBaltic has signed leasing agreements with Lufthansa Group companies, including SWISS and Discover Airlines. Meanwhile, media…

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Lithuania: Deputy Economy Minister visits Taiwan to seek investments

Lithuania’s Deputy Minister of Economy and Innovation, Karolis Zemaitis, visited Taiwan on 3-6 September 2024, ELTA reported. During his visit, the minister met with officials at Taiwan’s Ministry of Digital Affairs and Ministry of Economic Affairs as well as with potential investors. He had meetings with representatives of several local banks and major companies in…

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