Lithuanian grid operator Litgrid is planning to carry out another 24-hour de-synchronization test from the Russian grid on April 22. According to Taavi Veskimagi, chair of Elering’s management board, Estonia is well prepared for the Lithuanian test to take place. However, having weighed up the potential benefits against the risks and costs involved, it does…
Ukraine seeks to cooperate with the Baltic States in the oil and gas sector and electricity, in particular, in the implementation of programs on decentralization of the energy system and the development of bioenergy and cogeneration projects. “Ukraine aspires to become a hub of clean electrical energy for Europe. The country will increase its capacity…
Latvia’s defense spending in 2023 will rise proportionately almost to Estonian levels, and will be set at 2.25% of Gross Domestic Product. The 2.25% figure represents a major advance on the figure of 1% of GDP, which Latvia spent on defense in 2014, and reflects both the changed security situation and the stance taken by…
Representatives of all three Baltic States met in Tallinn to discuss Baltic space cooperation. All three countries are in full cooperation with the European Space Agency (ESA) and contribute to its programs, but say that in a rapidly developing field, joint projects in space tech and business would benefit all players. Paul Liias, head of…
The euro area’s annual inflation slowed to 8.5% in February, with Latvia clocking the highest annual inflation for the month at 20.1%, followed by Estonia at 17.8% and Lithuania at 17.2%, according to a flash estimate published by Eurostat on March 2. The euro area’s overall annual inflation slowed somewhat from 8.6% in January to…
The volume of railway freight going into the direction of Baltic States will continue decreasing. Even at an optimistic scenario – if the war in Ukraine ends and relations with Russia gradually improve, there is no way to come back to the freight volumes of the past, said Estonian businessman and millionaire Oleg Osinovsky. His…
Two Baltic manufacturers, Latvia’s Finieris and Lithuania’s DUV, have joined forces to produce wooden beds for Ukrainians. They are used to equip the country’s bomb shelters in metro stations and schools. The modular beds, which can accommodate up to four or five people at a time, have already been delivered to 18 stations of the…