Riga, which was previously been the leader among Baltic capital cities when it comes to the number of nights guests to the city spend there. This means Riga has lost its No. 1 position and is now No. 2, the President of the Association of Hotels and Restaurants of Latvia (LVRA) Andris Kalnins has said.…
A high-level visit of representatives of the Baltic States, initiated and organised jointly by the Ministry of Health of Ukraine, the WHO Office in Ukraine, Estonia, Latvia and Lithuania, has begun in Ukraine. The purpose of the delegation’s visit is to strengthen cooperation in the healthcare sector, study the Ukrainian experience of countering and responding…
When electricity prices have reached several hundred euros per megawatt-hour (MWh) already, the Baltic States’ power plants – especially gas-fired plants – should be online as well, former Eesti Energia CEO and former Nord Pool Baltic and Russian region chief Hando Sutter has said. Commenting on the price of electricity, Sutter acknowledged that it was…
Lithuania’s economy is bubbling promisingly, Latvia’s is stagnating and Estonia’s is struggling in a prolonged downturn. Both major Lithuanian commercial banks, Swedbank and SEB, have ticked up Lithuania’s forecast for the year, boosting confidence that the economy is on the right track. Swedbank is projecting a GDP increase of 2.2% and SEB is predicting a…
Estonian biotech company Fibenol has begun feasibility and environmental impact studies at the Valmiera industrial park, to determine its suitability for the potential establishment of a biorefinery, the company has announced. Following the public tender, a construction rights agreement was signed on August 27 between subsidiary Fibenol Latvia Ltd and local government in Valmiera, around…
Work continues on the development of the public and private partnership (PPP) model for Rail Baltica project. This could speed up the project’s implementation and reduce the burden on the state budget in the long run, as confirmed by Baltic countries’ joint company RB Rail representatives. RB Rail notes that the addition of PPP in…
In celebration of the 35th anniversary of the Baltic Way this August, the Latvian national airline airBaltic invites to participate in a special voting contest to name its Airbus A220-300 fleet after cities from Latvia, Estonia and Lithuania. In total, 48 aircraft will be named, with 16 representing each Baltic country. Voting is open online…