Latvia must prepare for Russia’s policy to remain aggressive over the long term, Latvia’s new ambassador to NATO, Maris Riekstins, stated, LETA reports. Speaking in an interview with LTV, Riekstins said that recent events suggested that Russian leader Vladimir Putin saw extending the war in Ukraine over many years as the only way out of…
Lithuania’s Modus Asset Management has secured EUR 58mn of debt financing from Poland’s BNP Paribas Bank Polska and PKO Bank Polski, The Baltic Times reports. Modus Asset Management’s Modus Poland Solar Fund I will use the funds to finance the acquisition of a 93 MW solar farm portfolio in Poland. The fund now owns over…
Seven municipalities in Latvia will participate in the Save Our Sea (SOS) campaign for a cleaner Baltic Sea, LETA reports. The municipalities of Adazi, Jurmala, Liepaja, Riga, Talsi, Valmiera, and Ventspils have applied to take part in the campaign. The SOS campaign, launched by Estonian NGO Let’s Do It World, aims to raise awareness of…
Latvian data centre operator DEAC and Lithuania’s Data Logistics Center (DLC) have obtained a ten-year loan of EUR 30mn from SEB Bank, The Baltic Times reports. The companies will use the funds to further expand their telecommunication infrastructure. DEAC will build a third data centre in Riga, while DLC will expand its data centres in…
Latvia’s Foreign Ministry has repeated its strong recommendation for Latvian citizens not to travel to Belarus and Russia due to the current tense security situation, LSM reports. The ministry warned that travellers may be subjected to provocations. Diana Eglite, press secretary at the Foreign Ministry, urged people to assess risks. In June 2022, a Latvian…
The Principality of Monaco may establish a permanent office in the Latvian capital, Riga, The Baltic Times reports. Andris Kuznieks, deputy head of the European Commission’s representation in Latvia, offered premises for regular cultural activities to showcase Monaco. The issue was discussed during a visit to Latvia by Professor Franco Borruto, consultant on health care…
The movements of the Russian private military company, Wagner Group, in Belarus do not present any direct threat to Latvia, the Ministry of Defence stated, LETA reports. The ministry noted that Latvia’s national security authorities have been on high alert ever since Russia started its full invasion of Ukraine. Meanwhile, Latvian President Edgars Rinkevics said…
Lithuanian asset management firm Modus Asset Management’s Clean Energy Infrastructure Fund will acquire Estonian renewable energy company Evecon’s solar farm portfolio in Latvia for an undisclosed sum, The Baltic Times reports. The portfolio consists of ten ground-mounted solar farms with bifacial solar panels and a total installed capacity of 55 MW. The portfolio is close…
Estonia and Latvia have put their national interests ahead of regional projects in regard to the synchronisation of the Baltic power grids with the contintental European system, Lithuania’s former energy minister, Arvydas Sekmokas, stated. Speaking in an interview with LRT, Sekmokas noted that Estonia seemed to want to postpone the synchronisation project to 2025 and…