The impending change of ownership of supermarket Rimi is unlikely to have a major impact in Estonia, as competition among retail chains is tight, the board chair of competitor Coop said. Swedish retail group ICA Gruppen this week announced that it was selling its Rimi stores in Estonia, Latvia and Lithuania to Danish retail giant…
Swedish retail group ICA Gruppen announced on March 5 that it was selling its Rimi stores in the Baltic States to the Danish retail giant Salling Group. Denmark’s Salling Group is set to acquire Rimi stores for EUR 1.3 billion, taking ownership of 314 stores located in Estonia, Latvia and Lithuania. As part of the…
At the meeting with Estonian Minister of Infrastructure Vladimir Svet on March 4 in Tallinn, Lithuanian Minister of Transport and Communications Eugenijus Sabutis noted that cooperation with Estonia in the implementation of joint transport and military mobility projects was very important for Lithuania, reported Lithuanian Ministry of Transport and Communications. Lithuanian and Estonian Transport Ministers…
Estonian biomaterials producer Fibenol will build a modern EUR 700-million biorefinery in Latvia and promises to create 100 new jobs. Fibenol plans to build the plant on a 26-hectare site in Valmiera municipality, approximately an hour from the Estonian border. The company said it would be the most modern facility in the world in its…
Latvian state-owned airline airBaltic has said it is ramping up its Tallinn presence with more aircraft and routes ahead of an initial public offering (IPO). The airline says it is also deepening ties with German airline Lufthansa to secure long-term growth. Speaking to “Aktuaalne kaamera”, airBaltic CEO Martin Gauss said: “We have today three airplanes,…
The Lithuanian and Latvian prime ministers on February 20 called for ramping up the “political coordination” of the Rail Baltica railway project. “We talked in detail about the Rail Baltica project, which is huge in scope and complex in technical parameters, and therefore requires very constructive and thorough political coordination,” Lithuanian Prime Minister Gintautas Paluckas…
Baltic electricity prices have soared and hit record highs this week, driven by low wind and solar output and rising natural gas prices, as well as a cold snap. Erkki Sapp, a board member at grid distributor Elering, said: “This week, there has been less wind across the Baltic States, and slightly higher electricity consumption…