The entire Baltic power grid is basically ready to disconnect from BRELL at any moment, as confirmed by the new chairman of Augstsprieguma tikls (AST) Rolands Irklis. He said Russia’s provocations in relations to disconnecting from BRELL until February 2025 were considered a realistic scenario. “We know there could be something unexpected from our neighbour.…
Rail Baltica must start transporting goods and passengers until 2030, regardless of whether the main track’s connection to Riga Central Railway Station is in place by that time, European Commission representative Catherine Trautmann has said. Trautmann, who coordinated the TEN-T network’s North Sea and Baltic transport corridor project, stated that for Rail Baltica’s main track…
It is not possible to complete preparations to ensure passenger train connection between Riga and Tartu until summer, when this city will be hosting events associated with the European Capital of Culture programme. According to Estonian state-owned passenger train operator Eesti Liinirongid, which operates under Elron brand, a route like that may come no sooner…
Latvian banking sector has the lowest customer service quality in Baltic States, according to results of an annual customer service quality study by Dive. The company notes that among the three Baltic States, the best customer support service is found in Lithuania, which has a score of 94.02%. Estonia was next – this country’s banking…
Estonia, Latvia and Lithuania’s development agencies signed an agreement to increase bilateral and trilateral cooperation on their shared goals. The memorandum of understanding will allow Lithuania’s Central Project Management Agency, the Central Finance and Contracting Agency of Latvia (CFCA) and the Estonian Center for International Development (ESTDEV) to share information and expertise more effectively and…
The Swedbank, LHV and SEB pension funds lost several million euros due to a partner’s misconduct in the BaltCap investment fund in Lithuania last November. The BaltCap fund holds 0.1% of their pension funds’ assets. The pension funds of Swedbank, LHV and SEB have invested in BaltCap, the largest private equity fund manager in the…
After a meeting with his Latvian and Estonian counterparts, Lithuanian Minister of Transport and Communications Marius Skuodis said that the Baltic States supported the inclusion of Russian and Belarusian grain in the EU sanctions package. The Baltic States would support the inclusion of grain imports from Russia and Belarus in the EU sanctions package, Skuodis…