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…
Four Latvian companies have been included in the “Top 30” list of most valuable Baltic businesses, according to the list composed by investment company “Prudentia”. “Swedbank Baltics” is on the fourth place. This company unites all “Swedbank” Group companies in the Baltic States. The company’s value is EUR 4.345 billion, which is 28% more when…
The Estonian, Latvian and Lithuanian national train service operators Elron, Vivi and LTG Link are beginning to synchronize their timetables to offer passengers better opportunities to travel by passenger train between the Baltic countries. From January 6, 2025 it will become possible to travel from Tallinn to Vilnius via Tartu and Riga with just two…
Train passengers travelling from Vilnius will have a possibility to reach Tallinn in one day from early next year, LTG Link, the passenger transport arm of Lithuanian Railways, reports. The three Baltic carriers – Lithuania’s LTG Link, Latvia’s Vivi and Estonia’s Elron – are currently coordinating train schedules to allow passengers to travel from Vilnius…