The network of public electric vehicle charging stations is growing in the Baltic States, and for now at least, this expansion is most rapid in Latvia. Latvia’s charging network has almost two and a half stations for every ten electric cars. Estonia has one station for every 20 cars, and Lithuania has one for every…
In the next two years NATO’s Baltic air space patrol mission will cost around six million euros. The government project prepared by the Ministry of Defence provides for covering costs of the NATO Baltic air space in 2024 and 2025 as long as they do not exceed 6 million euros from the ministry’s budget. This…
A study conducted by the Financial Intelligence Units (FIU) of Estonia, Latvia and Lithuania has found that travel restrictions associated with both the Covid pandemic and the start of the full-scale invasion by Russia of Ukraine have significantly reduced the inflow of cash, including of the ill-gotten variety, from Russia and into all three Baltic…
The decision by the Baltic States to de-synchronise from Russian-controlled “BRELL” group is a very correct step, but too little attention is provided to how this will influence the prices of electricity in Latvia and Baltic region, says AJ Power manager Roberts Samtins. Currently Baltic States are committed to disconnecting from BRELL until the year…
The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…
Result of surveys among Baltic residents show that only 7% of people in Latvia invest in the stock market, whereas in Estonia this number goes up to 16%. What are the main reasons for Latvian residents’ reluctance to engage in the stock market and why do people in Estonia seem more financially literate in this…
The prime ministers of Estonia, Latvia and Lithuania signed a joint declaration on August 3, agreeing to step up preparations and the deadline for joining the continental European power grid. Estonia is set to leave the Russian grid a year ahead of schedule. The Baltic States joining the grid was agreed between the three countries,…