Wolfram Europa will invest EUR 200 million to build an explosives and warhead manufacturing complex near Jekabpils, Latvia, with production set to begin in 2027. The 40-hectare facility will be built on land secured under a long-term agreement with Latvia’s State Forests (LVM). Construction and production are planned in three phases beginning in 2027, with…
The Baltic States must work together to secure European Union funding for the Rail Baltica project in the bloc’s 2028-2034 budget, Lithuanian Prime Minister Mindaugas Sinkevicius said on August 20. “Latvia, Estonia and Lithuania should fight for the 2028-2034 multiannual budget funding for Rail Baltica. The Connecting Europe Facility is the designated tool for this,”…
Falber Investments, the parent company of Estonian raw milk producer Agrone, has signed an agreement to acquire the Rigas piena kombinats group, which also includes Valmieras piens. Completion of the transaction is subject to approval by the competition authorities in Estonia and Latvia. By agreement between the parties, the financial terms of the transaction have…
Lithuania, Poland and other Baltic States are stepping up security around dams, power plants and natural gas infrastructure amid concerns that Russia could stage “false-flag” attacks intended to trigger confusion within NATO, Reuters reports. Lithuania has strengthened protection of critical infrastructure after its military intelligence reportedly obtained information that Russia was considering attacks in the…
Lithuanian authorities are investigating whether the Russia-owned discount supermarket chain Mere, forced to close following European Union sanctions, has re-emerged under a new brand. The country’s Minister of the Economy and Innovation has asked the Financial Crime Investigation Service (FNTT) to determine whether newly opened Ola stores are linked to sanctioned Russian business interests and…
Lithuania’s military intelligence has obtained information indicating that Russia is considering attacks on critical infrastructure in the Baltic States using Ukrainian-made drones. Lithuanian Defence Minister Robertas Kaunas confirmed the information. “We have intelligence indicating that Russia is considering unconventional kinetic attacks against critical infrastructure in the Baltic region. To carry out such operations, Russia would…
Estonia is still waiting for the new Latvian government’s official position on the Rail Baltica project and whether Riga has plans to change its railway construction plans. The Estonian government is once again increasing Rail Baltica’s share capital by EUR 4 million. This is part of the Rail Baltica budget that covers overhead costs and…