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: airBaltic to cancel flights on 19 routes in summer 2025

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…

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Lithuania: State takes ownership of Klaipeda LNG terminal carrier

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…

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Lithuania: Employers now more welcoming towards returning expats

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…

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Lithuania: Ship with Russian chemicals barred from Klaipeda: PM

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….

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Lithuania: President asks parliament to repeal cluster bomb ban

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…

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