The European Bank for Reconstruction and Development (EBRD) set a new investment record in the Baltic States, committing 540 million euros in 2024. This surpasses previous highs of 358 million euros in 2022 and 323 million euros in 2023, with a remarkable 95% of the funding supporting green projects. Estonia and Lithuania led the way…
Transport Minister Eugenijus Sabutis believes that it is realistic to build the Rail Baltica European standard-gauge railway between Lithuania and Poland until 2030. In Latvia and Estonia, however, the line is likely to be completed later. “First of all, the question we have to answer is whether this is realistic in Lithuania and Poland. It’s…
The mild and windy weather this winter has created a situation whereby electricity exchange prices remain close to the minimum at night, while daytime prices are set by individual generation units in Estonia. On January 14 the electricity exchange price remained at EUR 1 per megawatt-hour (MWh) overnight and rose to EUR 91 at 8…
The January 6 launch of the new Tallinn-Riga-Vilnius route marks the return of passenger rail service connecting the Baltic States. While the full journey – with transfers at Valga and Riga – takes over ten hours, Estonia, Latvia and Lithuania’s rail operators hope to attract riders for shorter legs. On January 6 Baltic Station (Balti…
Sweden’s largest forest owners association and forest industry group “Sodra” plans to sell forest properties and related businesses in the Baltic States, according to an announcement on the company’s website. The statement mentions that “Sodra” is looking for those interested to move forward with the sale process. “Sodra Skog” business manager Peter Karlsson notes that…
A new train route between Vilnius and Tallinn was launched on January 6, extending the Vilnius-Riga service that had been running for over a year now. Rail operators from the three Baltic countries – LTG Link, Vivi and Elron – have aligned their train schedules to make it possible for passengers to travel from Vilnius…
While Lithuania has reported a rise in tax evasion by foreign nationals using platform apps to make a living, the issue is not, authorities say, as major in Estonia, thanks in part to a tightening of regulation. Estonia’s efforts to address tax evasion by platform workers are ongoing, but undeclared wages still result in EUR…