For Baltic States and Eurozone in general the year 2024 will be yet another endurance year. Nevertheless, more rapid economic growth and reducing inflation will be observed, says the President of Eurogroup, which unites ministers of finance of Eurozone, Minister for Public Expenditure, National Development Plan and Reform in Ireland Paschal Donohoe. Eurogroup president, who…
Estonia would actively start discussing military defense facilities with Latvia and Lithuania, President Alar Karis said on January 8 after a routine meeting of the National Defense Council. Karis said Russia was testing the will and readiness of Finland and Estonia’s borders, but Estonia had prepared for such attacks. He said the border must be…
Lithuania and Latvia have overtaken Belgium and the Czech Republic in the list of the largest beer exporters to Russia. Germany was the biggest beer exporter to Russia in both 2022 and 2023, accounting for more than two-thirds of all beer exports to the country. Germany was followed by Lithuania, which accounted for just over…
Passenger rail service between Tartu and Riga could begin in the second half of the year, promise executives at Estonian passenger rail operator Elron. Meanwhile, Latvia’s offer, which could get the Estonian-Latvian rail link up and running faster and for less, still remains on the table. Located on the Estonian side of the border, Valga…
Nasdaq’s three Baltic stock exchanges saw considerably lower transaction numbers as well as trading asset turnover last year than in 2022, with shares in the Tallinn exchange’s now-delisted Baltika seeing the Baltic Main List’s biggest drop of 2023 at 46%. Last year, a combined 1.108 million stock transactions took place on Nasdaq’s Tallinn, Riga and…
The Harmony Link power interconnection between Lithuania and Poland will be built on land and will run alongside the European standard-gauge railway Rail Baltica, Energy Minister Dainius Kreivys has said. “It has now been agreed that Harmony Link will be built on land, rather than at sea, alongside the Rail Baltica tracks,” Kreivys said. This…
The extension of passenger train connectivity between Vilnius and Riga to include Tallinn will depend on decisions of Latvian and Estonian officials, Lithuanian Minister of Transport Marius Skuodis has said. On December 27, at the opening of passenger train service connectivity between Vilnius and Riga, Skuodis told journalists that Latvia and Estonia were in the…