Sweden’s largest forest owners association and forest industry group “Sodra” plans to sell forest properties and related businesses in the Baltic States, according to an announcement on the company’s website. The statement mentions that “Sodra” is looking for those interested to move forward with the sale process. “Sodra Skog” business manager Peter Karlsson notes that…
A new train route between Vilnius and Tallinn was launched on January 6, extending the Vilnius-Riga service that had been running for over a year now. Rail operators from the three Baltic countries – LTG Link, Vivi and Elron – have aligned their train schedules to make it possible for passengers to travel from Vilnius…
While Lithuania has reported a rise in tax evasion by foreign nationals using platform apps to make a living, the issue is not, authorities say, as major in Estonia, thanks in part to a tightening of regulation. Estonia’s efforts to address tax evasion by platform workers are ongoing, but undeclared wages still result in EUR…
Lithuania will propose to Latvia and Estonia to build a joint power plant, Energy Minister Zygimantas Vaiciunas has said. “Ideally, if we reach such an agreement with Latvia and Estonia, it could be a new power plant. With regional projects, we have a number of challenges in talking to regional partners. But if such a…
In one year following the launch of the Vilnius-Riga rail link, more than 62,000 passengers have travelled between the capitals of Lithuania and Latvia, reports the Latvian public broadcaster LSM. The train journey now takes under 4 hours, according to LSM, which quotes the Lithuanian state railways, LTG. “This route is successful, having maintained its…
An illegal tobacco factory has been uncovered in Latvia after a large shipment of smuggled cigarettes was intercepted in Lithuania in October, the Customs Criminal Service said on December 20. On October 18, the service’s officers in Klaipeda seized nearly half a million packs of illicit cigarettes. Valued at around 3 million euros, the cigarettes…
“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size “IKEA” stores in Riga, Vilnius and Tallinn, five small customer service locations in the Baltic States, as well as an e-commerce and digital retail development company. The company does not reveal the…