Latvia’s SmartLynx Airlines has filed for insolvency, LETA reports. CEO Edvinas Demenius explained that SmartLynx had intended to implement a restructuring plan by 15 December 2025. However, “false and misleading information from various stakeholders” had led to the loss of aircraft and customer contracts, he said. SmartLynx has liabilities totalling around EUR 238mn, of which EUR…
Foreign-registered ships made altogether 2,741 visits at Latvian ports in the first half of 2025, which was down 7.1% from 2,949 visits in the same period of 2024, according to data from the Maritime Administration of Latvia (LJA), LETA reports. Foreign ships entered the Freeport of Riga 1,293 times, the Port of Liepaja 616 times,…
The Portuguese Air Force (FAP) will take over NATO’s enhanced Air Policing mission from the Royal Netherlands Air Force (KLu) at Estonia’s Ämari Air Base, ERR reports. FPA will deploy around 90 military personnel and four F-16M fighter aircraft to the base for four months. The forces will be responsible for securing the airspace over…
Estonia has taken over the chairship of the Freedom Online Coalition (FOC) from the Netherlands, the Estonian Ministry of Foreign Affairs reports. During the one-year term as chair, Estonia will focus on sharing its experience in e-government and on bridging the global digital divide. Foreign Minister Margus Tsahkna stressed the importance of like-minded countries and…
The Netherlands has taken over responsibility for NATO’s air policing mission at Estonia’s Ämari Air Base from the Spanish Air Force as of 1 December 2024, ERR reports. The Royal Netherlands Air Force has deployed F-35 fighter jets to the air base, which was reopened after runway repairs that lasted nine months. The Netherlands will…
Lithuania is seeking continuous presence of US combat troops in the country, regardless of the outcome of the US presidential election, President Gitanas Nauseda stated, BNS reports. Speaking after visiting US troops at the Pabrade training area near Vilnius, Nauseda noted that the base would soon be able to accommodate about 1,000 US troops. At…
The world’s largest bicycle manufacturer, Dutch-based Pon.Bike, has opened a new production facility in Kedainiai in central Lithuania, BNS reports. The company invested EUR 57mn in the factory, which will produce up to 450,000 bicycles per year. The facility, located in the Kedainiai Free Economic Zone (KLEZ), will employ around 600 people. Under an agreement…
US electric car maker Tesla has opened its first pop-up store in Lithuania, BNS reports. The store is located at the Akropolis shopping mall in Vilnius. The company plans to open a permanent store and service centre in Vilnius in early 2025, Invest Lithuania reported. Tesla’s Dutch arm, Tesla International, established a subsidiary in Lithuania…
Estonia is considering housing foreign prisoners in one of its prisons, Justice Minister Liisa Pakosta announced, BBC reports. Estonia’s three prisons in Tallinn, Tartu, and Jõhvi have room for around 1,000 additional prisoners, according to ERR. Pakosta estimated that the state could earn up to EUR 30mn per year from renting out prison space to…