One of Estonia’s wealthiest businessmen, Margus Linnamäe, will buy out his business partner, Ivar Vendelin, in the Apollo and MM Group investment companies, ERR reports. Vendelin will focus on real estate investments instead. Following the transaction, Apollo will be fully owned by MM Group. Linnamäe will own 98% and lawyer Aare Kurist the remaining 2%…
Lithuanian news agency ELTA has signed a cooperation agreement with Taiwan’s national news agency, Central News Agency (CNA), Focus Taiwan reports. The news agencies agreed to share content free of charge. ELTA is CNA’s first official partner in the Baltic region. CNA’s editor-in-chief, Chris Wang, said that the cooperation between the two news agencies reflected…
Latvia’s Public Electronic Mass Media Council (SEPLP) has told the state-owned TV channel, LTV7, to provide all content in Latvian only as of 1 January 2025, BNS reports. Currently, LTV7 carries programmes in Russian as well. Earlier, the Latvian parliament, the Saeima, approved a new national security concept that obliges Latvia’s public broadcasters to have…
The budget and finance committee of the Lithuanian parliament, the Seimas, has approved a proposal to link state budget funding for the public broadcaster, Lithuanian National Radio and Television (LRT), to GDP growth as of 2026, BNS reports. Under the plan, LRT would continue to receive 1% of government income tax revenue and 1.3% of…
Latvia’s state-owned postal services provider, Latvijas Pasts, has submitted a new tariff plan for universal postal services to the Public Utilities Commission (SPRK), LETA reports. The company plans to raise tariffs on the domestic delivery of letters, parcels, and press publications as well as for cross-border postal services as of 2025. Latvijas Pasts said that…
The heads of the public broadcasters in the Baltic States and Ukraine signed a memorandum of cooperation during the General Assembly of the European Broadcasting Union (EBU) in Cyprus, LSM reports. The memorandum aims to establish mutual support mechanisms to ensure business continuity in an emergency, such as a war. The agreement provides for the…
Lithuanian media group 15min Group will acquire the local radio station network, M-1, from Ruta Grusniene for an undisclosed sum, BNS reports. 15min Group, which is majority-owned by Estonia’s Postimees Group, plans to close the deal by the end of summer 2024, subject to regulatory approval. The M-1 group owns local radio stations M-1, M-1…
Latvian public broadcaster LSM’s English-language service is celebrating its tenth anniversary, having launched on 1 July 2014, initially to cover Latvia’s European Council presidency, LSM reports. Despite a small team of just two employees, the service has persisted against expectations, often facing and overcoming threats of closure. It has played a crucial role during events…
Campaigners for dual citizenship in Lithuania may not be able to advertise on media, BNS reports. A spokeswoman for the Central Electoral Commission (VRK) noted that political advertising could only be paid for by participants of the referendum campaign. The referendum was initiated by a group of members of the Lithuanian parliament, the Seimas. Marija…
