Finnish President Alexander Stubb and Estonian Prime Minister Kristen Michal will host a summit of Baltic rim NATO countries in Helsinki on 14 January 2025 to discuss the security of critical undersea infrastructure and Russia’s shadow fleet, ERR reports. Political leaders from all Baltic rim NATO countries, NATO Secretary General Mark Rutte, and European Commission…
Latvia’s national airline, airBaltic, has announced that it will cancel flights on 19 routes and reduce flights on 21 routes in summer 2025 due to engine maintenance, LSM reports. The company will cancel flights from Riga to Aberdeen, Belgrade, Cluj-Napoca, Gothenburg, Mykonos, Pristina, Rzeszów, Skopje, Stavanger, and Yerevan. Also, the company will cancel flights from…
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…
Lithuania is interested in the possible use of next-generation small modular reactor (SMR) nuclear technology, Energy Minister Dainius Kreivys announced, BNS reports. He suggested that such reactors could use spent and recycled fuel from Lithuania’s decommissioned Ignalina Nuclear Power Plant (IAE). The minister was speaking after a meeting with the Italian nuclear technology company, newcleo….
Employers in Lithuania are more favourable than before towards Lithuanian emigrants who are returning, according to a survey of 512 companies and organisations by the Lithuanian Public Employment Service (UzT), LRT reports. The survey showed that 42% of companies in Lithuania suffer from a shortage of skilled labour. More than half of Lithuanian employers now…
The Baltic commercial bank, Luminor Bank, has issued EUR 300mn worth of four-year senior preferred bonds, The Baltic Times reports. The new issue was oversubscribed with EUR 1.6bn in orders from over 130 investors, particularly in the UK. The bonds carry a coupon of 4.042%. At the same time, Luminor repurchased EUR 214.1mn of existing bonds…
Estonia is considering housing foreign prisoners in one of its prisons, Justice Minister Liisa Pakosta announced, BBC reports. Estonia’s three prisons in Tallinn, Tartu, and Jõhvi have room for around 1,000 additional prisoners, according to ERR. Pakosta estimated that the state could earn up to EUR 30mn per year from renting out prison space to…
Estonia’s former president, Kersti Kaljulaid, has decided to run for president of the Estonian Olympic Committee (EOK), BNS reports. Kaljulaid said that 25 EOK members had nominated her to the position. She said that the members had welcomed her ideas about the future of the organisation and Estonian sports. The deadline for candidate nominations is…
US presence in Europe and the Baltic region is the best deterrent against Russia, contributing to stability in the whole region, Lithuanian President Gitanas Nauseda stated, BNS reports. Speaking at the European Political Community summit in the UK, Nauseda said that if former US president Donald Trump won the US presidential elections in November 2024,…