Latvia’s national airline AirBaltic plans to cut one fifth of its workforce as part of a new business plan aimed at aligning the company’s structure and cost base with the expected scale of its future operations. The planned changes could affect about 500 to 700 jobs at the airline’s bases in Riga, Vilnius and Tallinn,…
The European Commission is “carefully assessing” a request from the Baltic States for 500 million euros to strengthen defences against drones, saying it understands the security concerns facing Estonia, Latvia and Lithuania and takes them “very seriously”. The commission’s response was revealed on September 24 evening after the defence ministers of the three Baltic states…
Estonia, Latvia and Lithuania have asked the European Commission for 500 million euros in emergency funding to strengthen their defences against drones, citing a growing threat from Russia. The three Baltic defence ministers sent a letter to European Commission President Ursula von der Leyen on September 21. The letter was signed by Estonian Defence Minister…
An increasing number of Estonian real estate developers are operating in the Latvian market, as land in Riga is considerably cheaper and the planning approval process takes less time. Although real estate prices in Latvia have risen by around 51% over the past five years, the average price level remains significantly lower than in Estonia.…
Irish low-cost carrier Ryanair plans to double the number of passengers it carries in the Baltic region over the next five years, seeking to capitalise on a planned reduction in operations by Latvia’s national airline airBaltic. Ryanair said it aimed to offer 11 million seats annually in Lithuania, Latvia and Estonia until 2031 and increase…
Lithuania is discussing a joint response with Latvia and Estonia to efforts to transit Russian and Belarusian grain through the Baltic States, Lithuanian Prime Minister Mindaugas Sinkevicius has said. Sinkevicius said he discussed the issue by phone with his Latvian counterpart on September 7, amid reports that grain allegedly stolen from Russia-occupied Ukrainian territories could…
Infortar’s subsidiary Infortar Agro is expanding into Lithuania by buying agricultural group UAB Litagra, which operates in milk and crop production, poultry farming, feed manufacturing and other farming activities. Litagra is a Lithuanian agricultural group that began operations in 1991. The Litagra group includes UAB Joniskio Grudai, UAB Litagros Zemes Ukio Centras and Agrohold Estonia…