Latvia’s national airline Air Baltic has offered the Lithuanian and Estonian governments to buy its shares, the Estonian Postimees news website has reported. Martin Gauss, the company’s board chairman, said he had met Lithuanian Transport Minister Marius Skuodis and Estonian Climate Minister Kristen Michal and briefed them on Air Baltic’s initial public offering (IPO) plans.…
Amid sanctions related to the war in Ukraine, Latvia has become Russia’s primary whisky supplier. This booming trade relationship has a complex web of diplomatic tightropes with economic and geopolitical nuances. Latvia, one of the European Union’s smallest member states with a population of fewer than 2 million, has emerged as the number-one supplier of…
Baltic railways can achieve faster development through joint efforts, says Latvian Railway (LDz) board chairman Rinalds Plavnieks. This week there was a meeting of three Baltic States Railway and European Railway Infrastructure Managers Association “RailNetEurope” work group. During this meeting, participants addressed topics relevant for the development of the Baltic railway network. Plavnieks explained that…
Only five out of 24 Baltic banks commit to net zero. It is time for the rest to step up, argue Vaida Arlauskaite and Monika Aleksiejute-Jonusauskiene of the consultancy Viridis Sustainability. Climate action is becoming crucial for all European financial institutions due to the rising influence of global frameworks like the Paris Agreement and regional…
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…