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…
The number of job vacancies rose in Lithuania but dropped in Latvia and Estonia in 2023, BNS reported. The number of vacancies increased by 5.7% in Lithuania, but decreased by 6.1% in Latvia and 14% in Estonia. Out of the total number of jobs, both occupied and vacant, the share of vacancies stood at 2.7%…
Lithuanian farmers and grain processors are expressing increased concern over the import of Russian grain into the EU, LRT reports. Ausrys Macijauskas, chairman of the Lithuanian Grain Growers Association (LGAA), noted that 12mn tonnes of Russian grain was imported into the EU in 2023, including over 3mn tonnes via Latvia and Lithuania. Macijauskas said that…
Latvia’s national airline, airBaltic, posted an all-time record revenue and profit in 2023, LSM reported. The company’s annual turnover amounted to EUR 668mn, which was up 33.6% from EUR 500mn in 2022. The carrier’s net profit stood at EUR 34mn, which was up from a loss of EUR 54mn a year earlier. The company will…
The US ambassador to Latvia, Christopher Robinson, expressed concern about the potential for backsliding in Latvia’s fight against corruption, Baltic News Network reported. Speaking in an interview with TVNET, Robinson specifically highlighted Aivars Lembergs, the sanctioned former mayor of Ventspils, as a symbol of the dangers of returning to oligarchic influence. He said that the…
A court in Latvia’s capital, Riga, has arrested three suspects in an arson attack on the Museum of the Occupation of Latvia, LETA reports. The two men and woman arrested all have police records. Investigators suspect that the attack was motivated by hatred for the Latvian state and freedom, potentially influenced by Russia. The investigation…
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…
Latvian Defence Minister Andris Spruds has welcomed the NATO Baltic Air Policing mission to Latvia in a ceremony at the Lielvarde Air Base of the Latvian National Armed Forces (NBS), LSM reports. Latvia will host the mission for the next nine months during major reconstruction at Estonia’s Ämari Air Base. The mission’s other base at…
Latvia’s Ministry of Finance has outlined its provisional plan for passing the 2025 state budget, LSM reports. Under the plan, the Finance Ministry will discuss budget goals with other ministries over March 2024 and submit stability programmes for 2024-2028 to the government, the parliament, and the European Commission for approval on 30 April 2024. The…
