Residents of the Baltic States are currently experiencing a significant increase in food prices – 31% in Latvia, 33% in Estonia and 26% in Lithuania find that they can afford less food purchases due to price rises than before, Citadele Bank representatives report, citing the survey conducted. Overall, over the past year, the majority of…
Baltic joint company RB Rail will spend around EUR 17 million on wages this year, according to information compiled by LTV programme “Kas notiek Latvija?”. Authors of the programme say that since 2017, the last time there was an estimate of Rail Baltica’s costs, the personnel costs of RB Rail have increased more than 8-fold.…
The wholes in Lithuania’s labour market are being filled not only by third-country nationals but also by workers from neighbouring countries. With unemployment in Latvia’s Latgale region at an all-time high, its residents are taking up jobs in Lithuania. Aleksej Sokolov, who lives in Latvia’s Daugavpils, works at the furniture factory Visagino Linija in Lithuania’s…
Andris Kulbergs, chairman of the Latvian parliamentary investigative committee on the implementation of the Rail Baltica project, has proposed setting up a Baltic-wide oversight committee and jointly approaching the European Commission to request funding for the railway in the name of security. According to Kulbergs, under the existing funding model, the railway will not be…
Lithuania has risen by six spots, to the 22nd position among 67 countries in this year’s global digital competitiveness ranking, the Innovation Agency reports. In the 2024 ranking by the Switzerland-based International Institute for Management Development (IMD), Lithuania is the highest-ranking Baltic country, overtaking Estonia, which has dropped from the 18th to the 24th place.…
A new industrial park in Valmiera, Latvia, is set to create hundreds of jobs both there and in Estonia, and attract export-focused investors, “Aktuaalne kaamera” reports. This, it is argued, will benefit the economies of both countries, and key players such as Estonian biotech firm Fibenol are driving its development, with the major work underway…
In the wake of the Russian war in Ukraine, the Rail Baltica high speed connection must remain on track as a vital military strategic lifeline, which will enhance NATO’s military mobility across Europe, the BBC reports. Rail Baltica, which, the BBC reported, was originally a “grand project” with a civilian transport focus, had become a…