Estonia: State-owned Operail sold for EUR 19mn

The Estonian company, Tiigi Keskus, has acquired the state-owned rail freight operator, Operail, at a privatisation auction for EUR 19mn, ERR reports. Richard Tomingas, board member of Tiigi Keskus, said that Operail would continue providing rail services, particularly container transportation, in Estonia and expand its operations later if possible. Following the deal, the Estonian state…

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Baltic: Train timetables between Baltic capitals to be coordinated

The passenger train operators of the three Baltic states will begin coordinating their timetables to enable a smooth connection between the Baltic capitals, LSM reports. Estonia’s Elron, Latvia’s Vivi, and Lithuania’s LTG Link plan to align the timetables as of 6 January 2025. Transfer times at Valga and Riga will be around 10-20 minutes. The…

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Lithuania: State takes ownership of Klaipeda LNG terminal carrier

Lithuania’s state-owned company, KN Energies, has acquired the LNG carrier, Independence, from Norway’s Höegh Evi (former Höegh LNG) for EUR 138mn, BNS reports. The handover ceremony was attended by the presidents of all three Baltic States and Poland. The floating storage regasification unit (FSRU), which serves as Lithuania’s LNG terminal, arrived at the port of…

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Lithuania: Incoming government reveals programme for next four years

Lithuania’s incoming centre-left government has revealed its draft programme for the next four years, LRT reports. The new coalition plans to focus on welfare, with more child benefits and better accessibility to health care and education. Also, the government may make changes to tax policy, moving towards progressive taxation. The new government plans to reverse…

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Baltic: Airlines to open more flights to Baltic capitals in 2025

British air carrier and tour operator Jet2 will offer direct flights from Birmingham, Manchester, and Edinburgh to the Estonian capital, Tallinn, in November and December 2025, ERR reports. The company will have two flights per week on the routes, expecting to bring altogether more than 4,000 holiday-makers to Tallinn. Meanwhile, Swiss International Air Lines will…

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Latvia: Ministers considered cancelling Rail Baltica: PM

Latvian ministers informally discussed the possibility of cancelling the Rail Baltica railway project but decided against such a move, Prime Minister Evika Silina revealed, LETA reports. Speaking in an interview with TV3, Silina said that the government concluded that abandoning the project would result in a significant loss of invested resources. Moreover, the project will…

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Estonia: Nordic Aviation Group files for bankruptcy

Estonia’s state-owned Nordic Aviation Group (NAG) has filed bankruptcy applications for the Nordica and Regional Jet (Xfly) airlines, ERR reports. NAG decided to file for bankruptcy after Danish entrepreneur Lars Thuesen, minority shareholder of Latvia’s national air carrier, airBaltic, announced that he would not acquire Nordica due to the high business risks involved. Earlier, Nordic…

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