The Rail Baltica project in the three Baltic States may need 10-19 billion euros more than planned, auditors from Lithuania, Latvia and Estonia have said in a joint report. One of the EU’s biggest infrastructure projects in the Baltic States, Rail Baltica is meant to connect the three countries and Poland with a European-gauge high-speed…
The first stage of Rail Baltic is expected to cost more than EUR 15 billion, a new report says, double the price of the original estimate. “The implementation cost of the first project phase, which aims to build an operational Rail Baltica line across the three Baltic states connecting to Poland until 2030, is estimated…
From this month, the Bulgarian national carrier is offering its passengers more opportunities for travel, vacation and various tourist routes with the launch of its seasonal flights to the airport in the city of Heraklion on the island of Crete. The largest Greek island, Crete has long been a favorite summer destination, offering plenty of…
Mediaskopas, a media monitoring company, presented on June 6 a study analysing Russian propaganda reports on Lithuania’s energy independence efforts. Mediaskopas said it selected and analysed 3,760 reports from Russian news websites between January 2021 and April 2024 that mentioned Lithuania and the other two Baltic countries in the context of energy issues. “The study…
There is a shortage of money for Rail Baltica. However, excluding Riga from it would mean giving money to Estonia, said Mayor of Riga Vilnis Kirsis in an interview to Latvijas Radio. During this interview, he agreed the municipality was concerned that if no money were found, Riga might end up with numerous unfinished construction…
Credit rating agency Standard & Poor’s (S&P) has downgraded the credit ratings of Estonia, and also of Latvia Lithuania, as a result of threats associated with the Russian Federation. S&P downgraded Estonia’s long-term credit rating from “AA-” to “A+”, while Latvia and Lithuania’s ratings, previously each at “A+”, were also downgraded, to “A” in both…
Catherine Trautmann, who coordinates the Rail Baltic project at the European Commission, hopes that the first stage of railway construction will turn out to be cheaper than the estimated EUR 15 billion. At the same time, she stressed in an interview with ERR that the Baltic countries could not just wait for help from the…