The electricity market regulators of the Baltic States will investigate balancing price fluctuations recorded in the region last week, which have raised suspicions that some market participants may have violated European Union (EU) rules prohibiting manipulation of the electricity market. Regulators would examine whether the actions of market participants in submitting offers to the balancing…
Massive price fluctuations seen on the Baltic reserve electricity market, ranging from a few cents to thousands of euros per megawatt-hour, mostly seem to be caused by one market player in Latvia, an issue which Estonian grid distributor Elering is approaching its counterpart in Latvia about. Similar price spikes have been seen across all three…
Cross-border bus routes between Estonia and Latvia introduced last month were used by more than 2,000 passengers in July. Officials say this shows the routes are needed. In July, cross-border public transport routes between Estonia and Latvia were launched on a one-year trial basis. The Parnu-Ikla-Ainazi-Salacgriva county route and the Valga-Valka city route have been…
A delegation led by Dilshod Rasulov, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, has begun a working visit to Latvia and Lithuania, starting with a trip to Riga. In the first part of the program, the Uzbek delegation toured the Riga Central Market, one of the largest trading complexes in Europe.…
Latvian specialty coffee chain Kalve Coffee is expanding into Lithuania, with its first cafe set to open in Vilnius in early August. The company also plans to open additional locations across the country. According to Lithuania’s Centre of Registers, Kalve Coffee established a company under the same name in June as part of its entry…
A train line launched between the capitals of Estonia, Latvia and Lithuania in January has exceeded expectations and sales of bus tickets on the same route have dropped by more than 25%. The almost 10-hour route links Talllinn, Tartu, Riga and Vilnius and was introduced to increase connections between the Baltic States. Rail Baltic, which…
The multibillion-euro Rail Baltica project, which aims to connect Poland and the Baltic States with a European standard-gauge railway, is scheduled for completion until 2030 – but meeting that target will be a major challenge, according to the project’s top official in Lithuania. “It’s a very, very big challenge,” Arenijus Jackus, chair of the supervisory…