One advantage of the GE Hitachi modular reactor selected by Fermi Energia, is its passive safety system, which, in the event of a malfunction, would ensure the nuclear plant remains safe, says energy professor Alar Konist. However, introducing nuclear power to Estonia would still require a long period of preparatory work, he said. “Fermi Energia…
Estonia, Latvia, Lithuania and Poland signed a joint agreement to depend on security cooperation and establish a new platform that spans the four countries. Minister of Foreign Affairs Urmas Reinsalu (Isamaa) and his counterparts co-signed the document in Riga, Lavia on January 31. “It lays the foundation for a cooperation platform of the four countries,…
After Germany, the US and other Western allies finally approved tank shipments to Ukraine, the country battling Russian invasion has now set its eyes on modern fighter jets, a wish supported by the Baltic States. According to Politico, which interviewed several Western military officials and diplomats, conversation about supplying Ukraine with fighter jets is already…
SEB Bank has published the latest Nordic Outlook. It indicates that commercial banks have downgraded Latvia’s gross domestic product (GDP) growth rate forecast for 2023 from the initial 1.1% to 0.4%. SEB Bank has also downgraded its own forecast for Latvia’s GDP growth for 2024 from November 2022 initially estimated 3.5% to 2.7%, which means…
While Estonia has barred all freight rail transit of Russian origin, Latvia and Lithuania are following a more collective approach, while noting that these trade flows are in any case fizzling out. The Estonian state-owned rail cargo operator Operail halted the transit of Russian and Belarusian goods last year, following Russia’s invasion of Ukraine. However,…
The Baltic foreign ministers have urged Germany to provide tanks to Ukraine, with Lithuania’s top diplomat claiming Berlin has a “special responsibility”. “We, the Lithuanian, Latvian and Estonian Foreign Ministers, call on Germany to provide Leopard tanks to Ukraine now,” Lithuanian Foreign Minister Gabrielius Landsbergis tweeted on January 21. “This is needed to stop Russian…
Last week, fuel prices in Vilnius and Tallinn remained stable. In Riga prices went down, according to data compiled by LETA. At the end of the week petrol was the most expensive among the three in Tallinn, followed by Riga. Petrol was the cheapest in Vilnius. Diesel fuel was the most expensive in Tallinn and…