Estonian biotech company Fibenol has begun feasibility and environmental impact studies at the Valmiera industrial park, to determine its suitability for the potential establishment of a biorefinery, the company has announced. Following the public tender, a construction rights agreement was signed on August 27 between subsidiary Fibenol Latvia Ltd and local government in Valmiera, around…
Work continues on the development of the public and private partnership (PPP) model for Rail Baltica project. This could speed up the project’s implementation and reduce the burden on the state budget in the long run, as confirmed by Baltic countries’ joint company RB Rail representatives. RB Rail notes that the addition of PPP in…
In celebration of the 35th anniversary of the Baltic Way this August, the Latvian national airline airBaltic invites to participate in a special voting contest to name its Airbus A220-300 fleet after cities from Latvia, Estonia and Lithuania. In total, 48 aircraft will be named, with 16 representing each Baltic country. Voting is open online…
The planned round of tax hikes in Estonia will boost the competitiveness of Latvian businesses, say political leaders in Estonia’s neighbor to the south. As in Estonia, Latvia’s economy is not doing too well overall. While GDP was slightly up compared with last year, it fell by just over 1% between the first and second…
All three Baltic States have poorly developed railway system. On top of that, the countries’ railway infrastructure is very poorly connected to other countries, as concluded in the monthly “Connection Failed” study by Greenpeace. The study analysed existing and potentially direct railway connections between the biggest European cities as compared to air connections. In total,…
More than EUR 1 billion will be given to the Rail Baltic project, which will eventually connect Tallinn to the Polish border, the European Commission has said. Together with national co-financing from the three Baltic States, the available funding will increase by EUR 1.5 billion, Latvia’s public broadcaster LSM reports. Of the additional funding, Estonia…
No cross-border bus services are planned between southern Estonia and northern Latvia this summer. A pilot project has been postponed until 2025. Public transport companies wanted to launch a two-year program this summer with financial assistance from the European Union. The plan has now been pushed back until approximately next spring. Problems arose due to…