Many Estonian companies continue doing business with Russia, ERR reports. Altogether 500-600 Estonian businesses still trade goods with Russia. The total value of goods exported from Estonia to Russia has not changed since Russia’s full-scale invasion of Ukraine in 2022, when it amounted to EUR 50-70mn per month. This is partly due to the rise…
Latvia’s total volume of passenger traffic by all modes of transport increased in the first half of 2023, according to data from the Central Statistical Bureau, LSM reports. The number of passengers carried by land transport totalled 93.1mn, which was 22.9% more than a year earlier. Regular bus traffic carried altogether 52mn passengers, which was…
Latvia’s national air carrier, airBaltic, will open flights on eleven new routes in May 2024, including seven from Latvia, two from Estonia, and two from Lithuania, BNS reports. The company will open flights from Riga to Alicante, Chisinau, Ljubljana, Pristina, Skopje, Sofia, and Tirana. Also, airBaltic will open flights from Tallinn to Billund in Denmark…
Latvia’s Ministry of Transport supports the resumption of passenger train traffic between Latvia and Lithuania, LSM reports. The ministry said that the priority was reopening the route from Riga via Daugavpils to Vilnius. The Latvian and Lithuanian passenger train operators, Pasazieru Vilciens (PV) and LTG Link, have drawn up various options for routes, operators, and…
The Baltic States and Poland have agreed to close their borders with Belarus in the event of a “critical incident” involving the Russian private military company, Wagner Group, Polish Interior Minister Mariusz Kaminski announced, TVP World reports. Following their meeting in Warsaw, the Baltic and Polish interior ministers demanded that Belarus expel the Wagner mercenaries…
The number of foreign tourists visiting Estonia totalled 1,110,431 in the second quarter of 2023, which was up 19% from the same period of 2022, according to data from the Bank of Estonia, ERR reports. Foreign tourists spent a total of EUR 375mn in Estonia, which was EUR 62mn more than a year earlier. Meanwhile,…
Estonia’s state-owned port operator, Port of Tallinn (Tallinna Sadam), generated sales revenue of EUR 57mn in the first half of 2023, which was almost unchanged from a year earlier, ERR reports. The port’s adjusted EBITDA fell by 12% from a year earlier. Net profit stood at EUR 7mn, which was down 42% over a year….
Latvia’s national air carrier, airBaltic, posted the highest ever revenue and profit in the company’s history in the first half of 2023, LSM reports. The company’s six-month revenue totalled EUR 291mn, which was up 52% from a year earlier. Net profit amounted to EUR 14.6mn, which was up sharply from a net loss of EUR…
Lithuania has deemed 1,164 Belarusian and Russian nationals a threat to national security, according to the Lithuanian Migration Department (LMD), BNS reports. Altogether 910 Belarusian and 254 Russian citizens were denied residence permits or visas after the introduction of a mandatory questionnaire, which includes questions on Russia’s war of aggression against Ukraine. Lithuania restricted the…