Andris Kulbergs, chairman of the Latvian parliamentary investigative committee on the implementation of the Rail Baltica project, has proposed setting up a Baltic-wide oversight committee and jointly approaching the European Commission to request funding for the railway in the name of security. According to Kulbergs, under the existing funding model, the railway will not be…
Lithuania has risen by six spots, to the 22nd position among 67 countries in this year’s global digital competitiveness ranking, the Innovation Agency reports. In the 2024 ranking by the Switzerland-based International Institute for Management Development (IMD), Lithuania is the highest-ranking Baltic country, overtaking Estonia, which has dropped from the 18th to the 24th place.…
A new industrial park in Valmiera, Latvia, is set to create hundreds of jobs both there and in Estonia, and attract export-focused investors, “Aktuaalne kaamera” reports. This, it is argued, will benefit the economies of both countries, and key players such as Estonian biotech firm Fibenol are driving its development, with the major work underway…
In the wake of the Russian war in Ukraine, the Rail Baltica high speed connection must remain on track as a vital military strategic lifeline, which will enhance NATO’s military mobility across Europe, the BBC reports. Rail Baltica, which, the BBC reported, was originally a “grand project” with a civilian transport focus, had become a…
The main Rail Baltica route connecting the Baltic States must be completed until 2030, confirmed European Commission Coordinator Catherine Trautmann at the Latvian parliament. However, according to Trautmann, the project will not be considered complete until all Baltic capitals, including Riga, are connected to the European rail network. Latvia’s parliamentary Rail Baltica investigation committee invited…
While the completion date for Rail Baltica has recently been set at 2030, it may not be possible to travel on the railway until 2031. Currently, the Ministry of Climate estimates that the Estonian section of Rail Baltica will cost 3 billion euros, and this figure assumes significant cuts to the originally planned scope. In…
Baltic transmission system operators (TSOs) have confirmed the planned launch of a frequency reserve capacity, with the first auction date set for February 4, 2025. The launch of the frequency reserve capacity market is an important step in the Baltic power grids’ synchronization with the Continental European frequency area. The goal of the market is…