Estonia: Telecom providers report drop in revenues in 2024

The combined revenues of Estonia’s three largest telecommunications service providers dropped to around EUR 671mn in 2024, ERR reports. Estonia’s leading telecommunications company, Swedish-owned Telia, reported an annual turnover of EUR 359.7mn, which was down 0.4% from 2023. Finnish-owned Elisa’s turnover fell by 1.2% to EUR 223mn in 2024. Swedish-owned TELE2’s turnover amounted to an…

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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: Monitoring of NordBalt power cable stepped up: minister

Lithuania has stepped up monitoring of the NordBalt power cable linking Lithuania and Sweden, Energy Minister Zygimantas Vaiciunas announced, ELTA reports. Speaking in an interview with Ziniu Radijas, Vaiciunas noted that the undersea power interconnection was very important for Lithuania’s electricity market. He stressed that the response to acts of sabotage on critical infrastructure should…

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Estonia: No need to halt offshore wind farm development: minister

Estonia’s Defence Ministry sees no need to halt the development of wind farms off the Estonian coast, Defence Minister Hanno Pevkur announced, ERR reports. He insisted that air and maritime surveillance issues related to offshore wind farm projects were manageable. Pevkur assured that concerns expressed by the Estonian Defence Forces (EDF) over the negative impact…

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