Frankenburg, a European defence tech company founded in Estonia last year, is expanding its operations to Lithuania and has appointed Karolis Zemaitis, a former deputy economy minister, as the managing director of the local unit. “Frankenburg will open an office in Lithuania to expand the development and manufacturing of affordable missiles. This move establishes Frankenburg…
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone. This appeal was directed to the Speaker of the National Assembly, the Bulgarian Prime Minister and the President. The petition comes in light of concerns over the draft…
An Elron train arrived at Riga Central Railway Station for the first time on February 4 at 5:46 p.m. after a test run on Latvia’s railways. The connection is expected to launch this summer. On February 4-6, test runs of Elron’s Stadler Flirt trains are being carried out on the railway section between Estonia’s Valga…
The International Atomic Energy Agency (IAEA) has inspected nine substations essential to the operation of Ukraine’s nuclear power plants, assessing the situation as quite critical. IAEA Director General Rafael Grossi made this statement during his visit to one of the substations. Grossi emphasized that nuclear power plants not only generated electricity but also required a…
On February 3, a Memorandum of Understanding on cooperation was signed between the Ukrainian Defence Industry and the Polish Armaments Group (PGZ). The document outlines the framework cooperation agreements between the defence industries of both countries. In particular, it covers the production of ammunition, maintenance of armoured vehicles and artillery, and strengthening of air defence.…
Valeri Belchev, former acting Minister of Finance, has recently expressed strong concerns about Bulgaria’s financial management, particularly focusing on the lack of proper budget management tools. In an interview with Bulgarian National Radio, Belchev criticized the absence of budget management software in key governmental institutions, including the Ministry of Finance. He called it absurd that…
Vilnius Airport officially opened new passenger departure terminal on February 4, considered one of the most advanced in the world. The terminal, which took over a year and a half to build and cost around 50 million euros, features state-of-the-art equipment and utilises artificial intelligence, according to Lithuanian Airports. It is equipped with systems that…