Work being done to synchronize the Baltic States’ electricity grids with those of the rest of the European Union means that the number of electricity connections between Estonia and Latvia will be cut from three to two, through to year-end 2025. Implicit in the synchronization with “continental” Europe is the need to de-couple from the…
On November 22, the Organisation for Economic Cooperation and Development (OECD) presented a report in which it named Latvia the second most rapid growth among Baltic States this year. According to OECD, Latvia’s GDP may grow by 2.3% in 2022. For next year OECD predicts a 0.2% drop for Latvia’s economy. In 2024, Latvia will…
Lithuania, Latvia, Estonia and Poland are pushing other EU countries and the European Commission to agree on the Russian oil price cap and the EU’s ninth sanctions package against Moscow at the same time. The four countries have been arguing for tougher EU sanctions against Russian since the start of its war in Ukraine. According…
Estonian state-owned postal service Omniva has unveiled its one-thousandth parcel machine in the Baltic States, which opened in the Lithuanian capital, Vilnius, on November 9. The latest addition is part of the expansion and renewal of the company’s network, which will see around 270 parcel machines being replaced or newly installed in the coming months.…
Nearly two-fifths of residents in Baltic States invest in various financial instruments, according to results of SEB Bank’s Baltic residents survey. In Latvia 38% of residents are engaged in investments and 39% in Lithuania and Estonia. Latvian residents and Estonian residents are generally braver when it comes to investments, according to the survey. 14% of…
The Estonian government has approved the location for the joint Estonia-Latvian Elwind offshore wind farm project. Following a series of studies to determine the most suitable site for the project, a location west of the Sorve peninsula in Estonian waters was selected. In a preliminary study commissioned by the two neighboring countries to identify the…
The new British Prime Minister Rishi Sunak has little experience in international relations. However, his country is an important ally of Ukraine and the Baltic States. Could the region expect continuous British support? In the race for the premiership, Lizz Truss, who stayed in the top post for 45 days, emphasised the importance of the…