baltic_admin

ABLV Bank recovers more assets

The ABLV Bank in Latvia, which is currently under the process of liquidation, recovered EUR 5.462 million of its assets in November, which was 20% less than the month before [..]

Germany’s 2030 electric car target to fall short, projection shows

Projections from management consultancy Deloitte show that Germany’s electric car market will grow much more slowly than the government had hoped. By 2030, only 11.2 million fully electric vehicles are [..]

Signet Bank starts partnership with AgroCredit, expanding financing opportunities for agricultural companies in Latvia

On 3 December 2024, Latvia’s leading investment bank Signet Bank AS (hereinafter – Signet Bank) acquired a 51% share of the company AgroCredit Latvia SIA (hereinafter – AgroCredit), an agricultural [..]

New Tallinn-Vilnius passenger train line to be launched

The Estonian, Latvian and Lithuanian passenger train operators are called Elron, Vivi and LTG Link respectively. They’re about to start harmonisation of their timetables to create better opportunities for passengers [..]

Former Italian prime minister Draghi sees leadership vacuum in Europe

The former head of both the European Central Bank and the Italian government lamented on Monday over the “leadership vacuum” stemming from weakened leadership in France and Germany. “The Franco-German [..]

Three on trial in Germany in Schumacher family blackmail case

The trial of three men accused of trying to blackmail the family of legendary former Formula 1 driver Michael Schumacher began on Tuesday in the western German city of Wuppertal. [..]

Ukraine lacks heavy equipment – ambassador

The Latvian ambassador to Ukraine, Ilgvars Klava, said during an interview on Latvian Television this morning that the Ukrainian military is doing OK with artillery shells, but there is a [..]

Estonians on Europe’s Most Wanted list

The Europol agency has added 24 individuals to its Most Wanted list in connection with serious crimes that have been committed, and Postimees has reported that two Estonians are on [..]

airBaltic Presents Its New Calendar for 2025

As 2025 approaches, Latvian airline airBaltic proudly unveils its annual calendar, featuring 12 cities across the Baltic countries and showcasing employees from various roles within the airline – including cabin [..]

New on-call doctor service to launch at Tallinn Children’s Hospital

At the start of 2025, Tallinn Children’s Hospital will launch a pilot project introducing an on-call doctor service aimed at improving access to primary healthcare for more children and alleviating [..]

Ericsson scraps plans to build new factory in Estonia

Ericsson will not proceed with a €155 million investment in Estonia, which would have been one of the largest industrial investments in the country. Ericsson Estonia’s CEO, Sirli Männiksaar, told [..]

German aviation association expects air travel costs to rise

Ticket prices for air travel in Germany are expected to rise, according to Jens Bischof, president of the German Aviation Association (BDL). “Arrivals and departures in Germany will become significantly [..]

BMW boss believes 2025 climate target for new cars is achievable

The boss of the German luxury carmaker BMW expects his company will be able to meet the climate targets for new vehicles in the coming year. “We have known the [..]

Survey reports plans for Christmas spending in Latvia

59% of Latvians say that they plan to spend up to EUR 150 on Christmas and New Year’s gifts this year. The SEB Bank conducted a survey on the matter [..]

Tallinn Airport reports 13% increase in passenger traffic

248,300 people passed through Tallinn Airport in October 2024, which was 13% more than during the same month in 2023. The number of airline tickets sold rose by only 1%. [..]

Latvian doctors aging, new doctors replacing them

Latvia’s Ministry of Health Workforce Development Strategy Plan has just released a report to show that the average age of physicians in Latvia has been on the rise, but the [..]

Record funding allocated for historic building renovations in 2025

This year, the City of Tallinn has supported the restoration of privately-owned heritage buildings and architecturally valuable structures with nearly €500,000. Next year’s budget plans to increase this amount by [..]

German carmaker VW to sell plant in China’s Nanjing

Germany’s Volkswagen Group is planning to sell its plant in the Chinese city of Nanjing to the north-west of Shanghai, the German business weekly Wirtschaftswoche reported on Saturday. Citing company [..]

Baltic States highlight importance of cross-border infrastructure products

The European Union held a meeting of member state transport ministers on Thursday, and representatives of Estonia, Latvia and Lithuania called for sufficient and stable funding from the Connecting Europe [..]

Amnesty International accuses Israel of Palestinian genocide in Gaza

By Jan-Uwe Ronneburger and Annette Birschel, dpa. Amnesty International on Thursday accused Israel of genocide against Palestinians in the Gaza Strip, saying the Israeli army intentionally committed war crimes. The [..]

Goods 2.5% and services 5.6% more expensive in Estonia on year

The Estonian consumer price index (CPI) rose by 3.7 percent in November compared with the same month last year, Statistics Estonia reported. Compared to 2023, goods were 2.5 percent more [..]

“Pro bono” Work – Beneficial for an Individual or an Example for Others

Filips Kļaviņš, Attorney-at-Law, Co-Founder and Senior Partner of the law firm Ellex Klavins. Notion pro bono (from the Latin pro bono publico) means a delivery of some professional service for [..]

German bank to open office in Vilnius

Commerzbank, which is one of Germany’s leading banks, has told the BNS News Agency that it will open a representative office in Lithuania on December 17: “The opening of Commerzbank’s [..]

Latvian police chief: Slight increase in crime

Latvian State Police Chief Armands Ruks said in an interview on Latvian Television this morning that Latvia has experienced a slight increase in the crime rate. Ruks estimated that the [..]

Capitalia invests in Estonian venture capital fund Siena to foster growth in the Baltic technology sector

Capitalia, a leading provider of financing for businesses in the Baltic States, has announced its investment in the Estonian venture capital fund, Siena. This strategic partnership aims to enhance the [..]

International police raids target people smugglers heading for UK

An international police crackdown is under way against people smugglers transporting migrants to the United Kingdom via France, including raids in western Germany, German police said on Wednesday. A police [..]

Tallinn Botanic Garden welcomes visitors with improved night-time lighting

The reconstruction of the lighting system at Tallinn Botanic Garden marks a significant step toward creating a modern and energy-efficient urban environment that promotes a sense of comfort and safety. [..]

A new residential and business hub to emerge in Krulli Quarter

The Tallinn City Government approved the detailed plan for the Krulli Factory Quarter in Põhja-Tallinn. This plan will transform the historic Franz Krulli machine factory complex into a versatile urban [..]

MikroTik might invest in Tet, LMT

There are signals to suggest that John Tully, a co-owner and board chairman of the MikroTik computer network equipment manufacturer, might be interested in investing in the Latvian telecommunications companies [..]

Danish company setting up shop in Lithuania

The Danish logistics company LS Intertank is opening up shop in Lithuania and plans to hire up to 70 drivers there. The company hopes to become a regional leader over [..]

Swiss Airlines to add additional flights

Swiss International Airlines as announced that it will increase the number of flights between Lithuania and Zurich in 2025. In April, May, September and October the airline will operate six [..]

DAX breaks 20,000 points as German stocks soar despite economic slump

Germany’s benchmark DAX stock index briefly broke through the 20,000-point barrier for the first time on Tuesday after rising in morning trading. The rally means the DAX has now risen [..]

Christmas tree prices start at €15 this holiday season

This holiday season, the price of traditional Estonian spruce trees has largely remained stable, with the State Forest Management Center (RMK) continuing to offer the option to bring home a [..]

ECB publishes second progress report on the digital euro preparation phase

The European Central Bank (ECB) has published its second progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the [..]

Latvian investment chief: Country’s strength is in her people

People are definitely Latvia’s strong suit when it comes to attracting investments, the director of Latvia’s Investment and Development Agency (LIAA), Ieva Jagere, has told the LETA news agency in [..]

Canadian Foreign Minister discusses approach of US president-elect

Newly elected US president Donalds Trump, the nominee of the Republican party, will face a different geopolitical situation than the one that prevailed during his first term in office from [..]

Self-driving bus operates in Kodulahe neighborhood this December

A self-driving bus is offering free rides in the Kodulahe neighborhood, between Stroomi Beach and Paldiski maantee, from Monday to Friday until December 20. Deputy Mayor Kristjan Järvan noted that [..]

Germany falling behind on AI

Companies in Germany are inadequately prepared for the use of artificial intelligence (AI), according to a study by US network equipment provider Cisco seen by dpa ahead of its release. [..]

Carmaker Opel reduces production at German plant

The carmaker Opel has reduced production at its main plant in Rüsselsheim in western Germany. A company spokesman said on Monday that the assembly of the Astra compact car and [..]

Baltic States agree on sanctions against Georgia regime

Lithuania, Latvia and Estonia have agreed to impose national sanctions against those who are cracking down on protests in Georgia, outgoing Foreign Minister Gabrielius Landsbergis announced on Sunday. “The three [..]

Lithuanian company opens facility in Bali

FL Technics, which is part of the Lithuanian Avia Solutions Groups, has opened a maintenance, repair and operations (MRO) facility in Bali. The group which is owned by Lithuanian businessman [..]

German auto giant Volkswagen braces for strikes called for Monday

The IG Metall trade union has called for widespread labour strikes at all Volkswagen plants in Germany from Monday as workers at the company fight back against possible lay-offs and [..]

German police: 6,889 people stopped in border checks in October

Police patrolling Germany’s borders detected 6,889 attempted unauthorized entries in October, Germany’s Federal Police said in a press release on Friday. The figure is very similar to the number of [..]

Growing alcohol consumption among women worrying health promoters

According to statistics, each adult consumes an average of 11 liters of pure alcohol per year. This equates to half a liter of vodka or two and a half bottles [..]

Germany’s spy chief: Putin is banking on the failure of NATO

The head of Germany’s foreign intelligence service BND on Wednesday warned of increasing hybrid attacks by Russia on Germany and the NATO defence alliance, with the underlying goal of testing [..]

Lithuanian government to sign agreements with industrial giant

The Lithuanian government plans to sign two agreements with the Rheinmetall company on Friday, one related to the leasing of land for a factory which the German defence industry giant [..]

Business centre bought in Poland by Estonian company

Summus Capital is an Estonian real estate investment group which manages the Park Town office complex and the Nordika shopping centre in Lithuania, and it has now acquired a business [..]

Investigation Admiral 2.0: Europe’s biggest VAT fraud with links to organised crime

The European Public Prosecutor’s Office (EPPO) in Riga (Latvia) and Vilnius (Lithuania) mobilised during the last two days 624 law enforcement officers to perform searches and arrests across 16 countries. [..]

Equality Commissioner’s Annual Conference “What Color Is Equality?” Sparks Discussions on Racism

Equality Commissioner’s Annual Conference “What Color Is Equality?” Sparks Discussions on Racism. On December 10, the Gender Equality and Equal Treatment Commissioner’s Office will host its annual “What Color Is [..]

Completion of Rail Baltica by the set deadline depends on the ability of the three Baltic States to cooperate efficiently and co-ordinately

Authored by journalist Ain Alvela. The construction of the Rail Baltica high-speed railway, designed to connect Estonia, Latvia, and Lithuania with Europe, has entered the construction phase across all three [..]