Estonia: Finance Minister suggests listing RB Rail on stock exchange

Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…

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Estonia: Tartu-Riga train not funded in state budget strategy

The Estonian government has failed to include a project to open a regular passenger train connection between Tartu and the Latvian capital, Riga, in its long-term budget plans for 2025-2027, ERR reports. The government points to concerns about a competing Latvian proposal that would entail lower costs but less convenient departure times. Nevertheless, the government…

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Lithuania: Two more checkpoints on Belarus border to be closed down

Lithuania will close down two more checkpoints on the border with Belarus as of 1 March 2024, BNS reports. Interior Minister Agne Bilotaite said that closing the checkpoints in Lavoriskes and Raigardas would allow authorities to enforce sanctions, prevent smuggling, and screen incoming travellers more effectively. Also, the National Security Commission (NSK) proposed cutting the…

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Lithuania: Passenger train operator LTG Link appoints new CEO

Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), has appointed Kristina Meide as CEO of its passenger train operator, LTG Link, for a five-year term, BNS reports. Meide will replace interim CEO Gediminas Seckus. LTG Link’s previous CEO, Linas Bauzys, was appointed CEO of the Ignalina Nuclear Power Plant (IAE) in September 2023. Prior to her…

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