Operations in fuel trade require enormous investments. This is why the Baltic market may see a consolidation, says Circle K Baltic vice-president Skirmants Macuks. “Everyone needs to invest, everyone needs to follow the rules and meet environmental standards. It’s no longer the simple business it used to be. To be precise, in a couple of…
With a shortage of mortar shells in reserves across Europe, Lithuania, Latvia and Estonia are setting up their own ammunition factories to be ready in case of a potential attack from Russia. In Lithuania, Latvia and Estonia – three Baltic States on the edge of the European Union that all share a border with Russia…
Estonia, Latvia and Lithuania called on the G7 nations to work towards using frozen Russian assets to benefit and rebuild Ukraine. Ahead of the G7 meeting in Italy, Latvian Foreign Minister Baiba Braze, Estonian Foreign Minister Margus Tsahkna and Lithuanian Foreign Minister Gabrielius Landsbergis said that Russia must be held accountable for its brutal and…
The Rail Baltica project in the three Baltic States may need 10-19 billion euros more than planned, auditors from Lithuania, Latvia and Estonia have said in a joint report. One of the EU’s biggest infrastructure projects in the Baltic States, Rail Baltica is meant to connect the three countries and Poland with a European-gauge high-speed…
The first stage of Rail Baltic is expected to cost more than EUR 15 billion, a new report says, double the price of the original estimate. “The implementation cost of the first project phase, which aims to build an operational Rail Baltica line across the three Baltic states connecting to Poland until 2030, is estimated…
From this month, the Bulgarian national carrier is offering its passengers more opportunities for travel, vacation and various tourist routes with the launch of its seasonal flights to the airport in the city of Heraklion on the island of Crete. The largest Greek island, Crete has long been a favorite summer destination, offering plenty of…
Mediaskopas, a media monitoring company, presented on June 6 a study analysing Russian propaganda reports on Lithuania’s energy independence efforts. Mediaskopas said it selected and analysed 3,760 reports from Russian news websites between January 2021 and April 2024 that mentioned Lithuania and the other two Baltic countries in the context of energy issues. “The study…