The first of two updated high-voltage electricity lines connecting Estonian-Latvian electricity was launched on June 9. The cables will eventually allow the Baltic States to disconnect from the Russian grid and officials say the project is on schedule. The project has already been underway for 15 years and, when it is completed, it will guarantee…
Organization for Economic Cooperation and Development (OECD) predicts that economic growth is expected only in Latvia among the Baltic countries: the country’s gross domestic product (GDP) will grow by 1.1% this year, and a 2.4% increase is expected next year. In November, the OECD predicted that Latvia’s GDP would increase by 0.2% and 2.3% this…
Unlike residents in Estonia and Lithuania, who spend more than 0 to 40 euros on various everyday needs, residents in Latvia usually spend no more than 10 euros on the same expenses. In other cases Latvian residents do not set any borders for spending habits at all, according to results of a survey among the…
Olerex, an Estonian fuel retailer, is purchasing 45 gas stations in Latvia under the brand name Latvijas Nafta. This is the fourth Latvian gas station chain that Olerex has acquired in the past two years. Olerex acquires the Latvian tank terminal from its current proprietor, East-West Transit, via its holding company, Aqua Marina. Olerex entered…
The lack of military training facilities is a “showstopper” for the Baltic States’ better interoperability with allies, Harald Gante, Commander of Germany’s Field Army, has said. “Training is a showstopper in the three Baltic States because there are not so many training grounds available. But a lot of troops are present here, so it’s a…
Estonia and Latvia have decided to procure German Iris-T medium-range air defense systems. Estonia and Latvia that are jointly procuring medium-range air defense capacity have decided to launch talks with German defense contractor Diehl Defence to procure Iris-T SLM weapons systems, the Ministry of Defense’s press service reports. “I am very glad we have reached…
New NATO defence plans that will be approved at the summit in Vilnius will serve as an important element of NATO’s deterrence policy. However, there will be a lot of work ahead to implement those plans and practically reinforce NATO’s collective security, Latvia’s Minster of Defence Inara Murniece has said. “I believe in the future…