NATO leaders and delegations have begun gathering in Lithuania’s capital, Vilnius, for the defence alliance’s summit due to take place on 11-12 July 2023, BNS reports. Lithuanian President Gitanas Nauseda will meet with NATO Secretary General Jens Stoltenberg at the summit venue, the Lithuanian Exhibition and Congress Centre (LITEXPO), on 10 July 2023. Also, Nauseda…
Estonia’s Defence Minister, Hanno Pevkur, voiced satisfaction at the details of NATO’s new defence plans for the Baltic region, ERR reports. He said that there were no outstanding points of contention regarding the plans ahead of the NATO summit in the Lithuanian capital, Vilnius. Discussions continued over the wording of the introductory section of the…
Estonian debt collection and credit management company Aktiva Finance Group will acquire Swedish credit management company Intrum Group’s business in the Baltic States for EUR 30mn, TVNET reports. Under the deal, Aktiva Finance Group will acquire 100% of shares in Intrum Group’s subsidiaries in Estonia, Latvia, and Lithuania. The transaction is expected to be closed…
Finland’s NATO membership opens up new opportunities for defence and security cooperation between Estonia and Finland, Estonian Prime Minister Kaja Kallas stated, The Baltic Times reports. Speaking during Finnish Prime Minister Petteri Orpo’s official visit to Estonia, Kallas said that Finland’s accession has bolstered NATO as a whole and the security of the Baltic Sea…
Swedish telecommunications technology company Ericsson plans to build a new manufacturing and technology facility in Estonia’s capital city of Tallinn, ERR reports. The company will invest EUR 155mn in the production centre in Tallinn’s Ülemiste City business park. Construction work is due to be completed by 2026. The facility will house testing laboratories, production lines,…
Lithuania’s Foreign Minister, Gabrielius Landsbergis, urged Hungary not to delay the ratification of Sweden’s NATO membership until autumn 2023, Baltic News Network reports. He emphasised the importance for Hungary to fully comprehend the implications that such a delay could have on the security of the entire NATO alliance, particularly in the Baltic region. Earlier, the…