Compared to April, the average price of electricity in Baltic States went up by 26% in May and was 75.85 EUR/MWh, as noted by Latvenergo financial products specialist Inga Salcevica in the company’s latest Power Market Overview. The month prior the hourly electricity price in Baltic States varied from -7.41 EUR/MWh to 500.05 EUR/MWh. At…
Estonian coach operator Lux Express has successfully influenced Latvia to change its public transportation principles, allowing intercity bus services to be operated on a commercial basis, similar to the system in Estonia. State-subsidized public transport in Latvia has led to absurd situations. For instance, long-distance buses may have toilets, but the operators do not open…
Operations in fuel trade require enormous investments. This is why the Baltic market may see a consolidation, says Circle K Baltic vice-president Skirmants Macuks. “Everyone needs to invest, everyone needs to follow the rules and meet environmental standards. It’s no longer the simple business it used to be. To be precise, in a couple of…
With a shortage of mortar shells in reserves across Europe, Lithuania, Latvia and Estonia are setting up their own ammunition factories to be ready in case of a potential attack from Russia. In Lithuania, Latvia and Estonia – three Baltic States on the edge of the European Union that all share a border with Russia…
Estonia, Latvia and Lithuania called on the G7 nations to work towards using frozen Russian assets to benefit and rebuild Ukraine. Ahead of the G7 meeting in Italy, Latvian Foreign Minister Baiba Braze, Estonian Foreign Minister Margus Tsahkna and Lithuanian Foreign Minister Gabrielius Landsbergis said that Russia must be held accountable for its brutal and…
The Rail Baltica project in the three Baltic States may need 10-19 billion euros more than planned, auditors from Lithuania, Latvia and Estonia have said in a joint report. One of the EU’s biggest infrastructure projects in the Baltic States, Rail Baltica is meant to connect the three countries and Poland with a European-gauge high-speed…
The first stage of Rail Baltic is expected to cost more than EUR 15 billion, a new report says, double the price of the original estimate. “The implementation cost of the first project phase, which aims to build an operational Rail Baltica line across the three Baltic states connecting to Poland until 2030, is estimated…