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…
Latvia’s national airline, airBaltic, has announced that it will cancel flights on 19 routes and reduce flights on 21 routes in summer 2025 due to engine maintenance, LSM reports. The company will cancel flights from Riga to Aberdeen, Belgrade, Cluj-Napoca, Gothenburg, Mykonos, Pristina, Rzeszów, Skopje, Stavanger, and Yerevan. Also, the company will cancel flights from…
Lithuania’s state-owned company, KN Energies, has acquired the LNG carrier, Independence, from Norway’s Höegh Evi (former Höegh LNG) for EUR 138mn, BNS reports. The handover ceremony was attended by the presidents of all three Baltic States and Poland. The floating storage regasification unit (FSRU), which serves as Lithuania’s LNG terminal, arrived at the port of…
The chairs of the European affairs committees of the parliaments of the Baltic States and Poland demanded that the EU stop importing LNG from Russia as soon as possible, LSM reported. In a joint letter, the committee chairs insisted that LNG terminals at EU ports should not be used to import gas from Russia. They…
Employers in Lithuania are more favourable than before towards Lithuanian emigrants who are returning, according to a survey of 512 companies and organisations by the Lithuanian Public Employment Service (UzT), LRT reports. The survey showed that 42% of companies in Lithuania suffer from a shortage of skilled labour. More than half of Lithuanian employers now…
Lithuania will not allow a Maltese-flagged ship carrying ammonium nitrate from Russia to dock at the port of Klaipeda for repairs, Prime Minister Ingrida Simonyte announced, BNS reports. The vessel requested permission to enter the port to unload its cargo of 20,000 tonnes of ammonium nitrate and carry out repairs by a company in Klaipeda….
Latvia’s national air carrier, airBaltic, will open flights to several new destinations from the three Baltic capitals in summer 2025, including five from Tallinn, four from Riga, and seven from Vilnius, LRT reports. The company will offer flights from Tallinn to Tirana in Albania, to Hamburg in Germany, to Reykjavik in Iceland, and to Barcelona…
Lithuanian President Gitanas Nauseda has formally proposed that the parliament, the Seimas, denounce the Convention on Cluster Munitions, BNS reports. The Office of the President argued that current international legal restrictions limited Lithuania’s defence capabilities and reduced the effectiveness of deterrence. Lithuania and Norway are the only NATO member states sharing a border with Russia…
Lithuania’s permanent population totalled 2,886,500 people in the beginning of 2024, which was 29,000 (1%) more than in the same period of 2023, according to the State Data Agency (VDA), BNS reports. Around 22,000 permanent residents emigrated from Lithuania in 2023, which was up 44% from 15,300 in 2022. Some 12,000 foreigners and 10,000 Lithuanian…