Estonia and Latvia’s transmission system operators, Elering and AS Augstsprieguma tikls (AST), will begin studying the feasibility of a fourth electricity interconnection between the two countries. The fourth link would run across the Baltic Sea between Saaremaa and the coast of Courland. Studies will be conducted focusing on technological solutions as well as a cost-benefit…
The Lithuanian economy is growing faster than the Estonian economy, and the Lithuanian government has been bolder in stimulating the economy with tax reliefs, according to a new report by the Foresight Center, an independent think tank based at the Riigikogu. In the last three years, the Lithuanian economy has grown faster than the Estonian…
Ignitis Renewables, a subsidiary of Lithuania’s state-owned energy group Ignitis Group, has suspended two renewable energy projects in Latvia following decisions by the Latvian government. According to the report, the projects – located in the Kraslava municipality near the Belarusian border and in Ludza, which bordered Russia – were halted after Latvia’s Defence Ministry drew…
The possibilities for, and speed of, wind farm development vary across the Baltic States, though the need for additional electricity production is a common one. Estonian company Utilitas owns the new Targale wind farm, as well as the older and smaller Grobina wind farm in Latvia. The Estonian company has numerous other developments underway in…
On October 22, in Baku, Azerbaijan, Latvia, Estonia, and Finland signed 11 memorandums of understanding as part of the “Central Baltic – Azerbaijan” business forum. Three documents each were signed by the Caspian Energy Club, the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan (ASK), and the Nordic Business Community Azerbaijan with the Latvian Chamber…
Lithuanian President Gitanas Nauseda and Polish President Karol Nawrocki on October 20 highlighted the importance of the Via Baltica highway for military mobility as they opened a newly reconstructed section near the Polish border. “While we were sitting at the ceremony, every ten seconds a truck or car passed by. I was informed that some…
Lithuania’s annual harmonized inflation rate reached 3.7% in September, exceeding the European Union average, the EU statistics agency Eurostat reported on October 17. Among the Baltic States, Latvia recorded a 4.2% annual increase in consumer prices, while Estonia’s inflation was the highest at 5.3%. Month over month, prices in Lithuania rose by 0.4%, in Latvia…