Latvia: Strategic investor may buy 10% of airBaltic’s shares

The Latvian state is negotiating with a well-known strategic investor on the possible acquisition of a 10% stake in the country’s national air carrier, airBaltic, according to LTV’s information, LSM reports. Klavs Vasks, chairman of airBaltic’s supervisory board, confirmed that the unnamed strategic investor could acquire a minority stake in the company. In 2023, Prudentia…

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Estonia: Tallinn suffers from overdependence on cars: experts

Traffic issues in the Estonian capital, Tallinn, mirror challenges faced by cities in Western Europe in the 1970s, primarily due to overdependence on cars, ERR reports. Suburban sprawl, inadequate public transportation, and lack of infrastructure for alternative transport modes have increased reliance on cars for daily commutes, leading to traffic congestion and reduced accessibility. Despite…

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Baltic: Ministers urge more EU funds for transport infrastructure

Baltic transport ministers called for increased EU funding for strategic transport infrastructure projects, The Baltic Times reports. The ministers insisted that the Connecting Europe Facility has to remain one of the key instruments in the EU’s next multiannual financial framwork as of 2028, with sufficient funding for cross-border transport, energy, and electronic communications projects. They…

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Latvia: Transport Ministry proposes plan for railway line to Riga airport

Latvia’s Ministry of Transport has proposed that passengers travelling on the Rail Baltica railway will have to change trains to transfer from Riga Central Station to Riga International Airport, LETA reports. Under the plan, Riga Central Station would be connected to the airport via a standard-gauge (1,520 mm) railway line. The ministry argued that building…

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