• May 16, 2025
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Baltics

Tallinn greenlights tunnel under Rail Baltica line

The Tallinn City Council on Thursday approved the construction of the Kantsi tunnel beneath the Rail Baltica railway line. The tunnel will serve as an important direct connection between the [..]

GetJet Airlines and Tez Tour sign a new long-term agreement

GetJet Airlines, Lithuanian ACMI and charter service provider, has signed a long-term agreement with Tez Tour, one of the largest travel organizers in the Baltic States, marking a new chapter [..]

Lithuanian government approves tax reforms

Lithuania’s Cabinet of Ministers on Wednesday approved a package of tax changes proposed by the Finance Ministry which will now be forwarded to Parliament for its consideration. Prime Minister Gintautas [..]

73% of Latvians generally satisfied with job

73% of Latvians are satisfied with their current job, with 17% being very satisfied, and 56% rather satisfied, the Kantar research company has told LETA. 25% are not satisfied with [..]

Poll shows increasing dissatisfaction in Lithuanian government

Lithuanian Prime Minister Gintautas Paluckas remains the public’s top choice to lead the Cabinet of Ministers, but the percentage of Lithuanians disapproving of the government’s performance has increased during the [..]

Signet Bank provides EUR 2 million financing for a regionally important company – “Seces koks”

Signet Bank has provided EUR 2 million in financing for the development of an energy-efficient and sustainable boiler house in Aizkraukle – “Seces koks”, which provides environmentally friendly heat production [..]

Lithuanian PM discusses ties between Lithuania, Taiwan

Lithuanian Prime Minister Gintautas Paluckas has said that it is a “big mistake” to present Lithuania’s ties with Taiwan as economically beneficial, arguing that the relationship is more about values [..]

LMT to distribute Samsung smartphone in Baltics

Latvia’s mobile phone operator Latvijas Mobilais Telefons (LMT) has become the Baltic distributor of a military smartphone that was developed by the South Korean technology company Samsung, LMT told LETA. [..]

Latvian police consider decriminalisation of medical marijuana

The Latvian State Police would accept the decriminalisation of medical marijuana if experts were to declare that this would be a benefit, LETA learned from the agency. The police are [..]

Payday lenders do not fear collapse after courts stop processing payment orders

Quick loan providers are not directly predicting a collapse in business following the suspension of expedited payment orders and say they are ready to adapt to the new process. However, [..]

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

International ratings agency Fitch Ratings has affirmed Latvia’s sovereign credit rating at ‘A-‘, maintaining a stable outlook, the agency announced in a statement. Fitch attributes the rating to Latvia’s credible [..]

Estonian and Latvian motorcycle clubs start spring with joint ride in southeast Estonia

Estonian and Latvian friends from the UNIC-MOTO motorcycle club began the spring season with a joint ride along the winding roads of southeast Estonia. The ride was not just about [..]

Riga public transportation company to buy new buses

The Riga public transport company Rigas Satiksme is planning to purchase 120 new buses, the company told the LETA news agency. The company has launched market analysis in preparation of [..]

Satellite company plans expansion in Vilnius

Kongsberg NanoAvionics is a Lithuanian company which manufactures small satellites, and its currently looking for a place to expand in Vilnius since receiving a major order from the US-based space [..]

Lithuanian avionics group raises new investments

WeSky is a Lithuanian startup which has developed an in-seat charging solution for airplanes. The company has now attracted another EUR 1.036 million in investment from the Coinvest Capital venture [..]

Lithuanian retail sales lower than EU average in March

Lithuania experienced retail sales growth in March that was below the EU average when compared to the same month in 2024, according to the latest Eurostat figures, which were released [..]

Tallinn to plant a tree for every child born in the city this year

This year, the City of Tallinn will plant 3,500 trees in parks, courtyards, and along streets—matching the number of new little Tallinn residents expected to be born in 2025. It [..]

Two financial offers submitted to RIX terminal expansion construction tender

Two financial proposals have been submitted in the final stage of the international construction tender organised by Riga Airport for the expansion of its passenger terminal. These proposals will be [..]

Locked Shields 2025 cyber defense exercise gets underway in Tallinn

This week, the world’s most complex cyber defense exercise, Locked Shields 2025, is taking place in Tallinn. During the exercise, 4,000 experts from 41 different nations in 17 teams are [..]

Lithuania closes airspace to planes heading for Moscow

Lithuania will not allow politicians from Slovakia and Serbia to cross its airspace on their way to Victory Day celebrations in Moscow, sources told BNS on Wednesday. Serbian President Aleksandar [..]

New auditor general appointed in Lithuania

Irena Segaloviciene, who has been the chief economic and social policy advisor to Lithuanian President Gitanas Nauseda, has now been appointed as the country’s new auditor general. In a secret [..]

Swapping vehicles still subject to vehicle registration fee in Estonia

When ownership of hobby cars changes, it is often the case that no money changes hands and the vehicles are simply exchanged. Nevertheless, both new owners are required to pay [..]

Estonian pioneering telecoms tech platform Skype closes down

Estonian-founded Voice over Internet Protocol (VoIP) platform Skype ended its operations for good on Monday, after nearly 22 years of existence. Microsoft, Skype’s owner, says it is refocusing on further [..]

Signet Bank launches “Capital Market Academy” for third year

Latvia’s leading investment bank, Signet Bank, has launched the third annual “Capital Market Academy”, a free educational initiative aimed at equipping Latvian entrepreneurs with both theoretical and practical knowledge on [..]

US currency depreciation may lead to lower petrol prices

The fuel category manager at the Circle K Latvia petrol retailer has told the LETA News Agency that depreciation in the value of the US dollar against the euro may [..]

Robbery in Riga Old Town poses questions about security

A robbery at a wristwatch shop in the Old Town of Riga has not suggested that there is an increase in overall crime in the country, but it does beg [..]

Lithuanian court suspends tender for demolition of Moscow House in Vilnius

A Lithuanian court has suspended the public bid for tenders to find someone to demolish the so-called Moscow House in Vilnius, after one of the bidders turned to the courts [..]

Tallinn Airport unveils new sporty initiatives to enhance passenger experience

New fitness centre, interactive sports activities, and inclusive Paralympics gate introduced to keep travellers active and entertained. Tallinn Airport, renowned for its exceptional service quality, is proud to announce the [..]

Tallinn and Spain’s Ministry of Education and Vocational Training sign memorandum on educational cooperation

The City of Tallinn and the Ministry of Education and Vocational Training of the Kingdom of Spain have signed a memorandum of understanding to promote educational cooperation. The signing ceremony [..]

GHB victim: My life was hanging by a thread

Content creator Aleksandria Reinvart now speaks at schools about the dangers of date rape drugs. Six years ago, GHB slipped into her water at a nightclub nearly cost her life. [..]

Gurtam marks Earth day by planting 2,000 trees in Lithuania

Gurtam, a Vilnius-based IoT software developer with a focus on fleet management, marked Earth Day 2025 by planting 2,000 trees in Lithuania’s Molėtai district. Recently named Socially Responsible Company of [..]

Veriff and Legitify partner to streamline cross-border digital notarisation

Veriff, a global AI-native identity verification company powering trust infrastructure online, today announced its partnership with Legitify, an innovative platform that simplifies the online notarisation process. This collaboration addresses the [..]

Terminal Energia acquires Vonk’s electric car charging business

Terminal Energia has entered into an agreement with Vonk Technologies, a company developing charging solutions in Estonia, which has seen Terminal acquire Vonk’s electric car charging business. The deal covers [..]

Several excise taxes to increase from May 1

Starting May 1, excise duties on electricity, diesel fuel, natural gas, liquefied gas, light fuel oil, heavy fuel oil, and shale fuel oil will all rise. The new month brings [..]

Salary of next airBaltic CEO depends on job contract

Remuneration for the next CEO of the Latvian flag carrier airBaltic will be depend on the individual job contract that is concluded with the selected candidate, the parliamentary secretary of [..]

Vilnius planning civil defence, anti-terrorist drills

Drills aimed at ensuring crisis management, civil defence and anti-terrorist activities are due to take place in Vilnius on Tuesday. Participants will train how to respond a large chemical fire [..]

Italian company buys Lithuanian firm

C&C in Italy is one of Apple Premium’s largest retail network operators in Europe, and it has now acquired iDeal LT, which is a retailer of Apple products in Lithuania. [..]

Lithuania’s GDP growth solid, but concerns loom over future – economists

Lithuania’s economy posted solid growth in the first quarter of this year despite geopolitical risks and lingering uncertainty, but economists warn that the outlook for the remainder of the year [..]

Foreign travelers’ spending in Latvia up 5% in 2024

Foreign travelers spent EUR 1.239 billion while visiting Latvia last year, marking an increase of 5 percent compared to the previous year and 36.6 percent more than in 2019, the [..]

Higher fine rates fail to daunt speeders in Estonia

Although traffic fines increased at the beginning of the year, this has not reduced the number of speeding violations compared to last year. At the start of the year, the [..]

Experts: Estonia and neighboring countries could manufacture cruise missiles

Preparations for cruise missile production have been underway in Estonia for a couple of years already. Experts say that while high-tech production is possible in Estonia, it can only be [..]

Join UP! Baltic increases turnover by EUR 10 million in 2024, earns EUR 3.25 million

Tour operator Join Up Baltic Ltd. increased its turnover by 15% to EUR 82.4 million and reached EUR 3.25 million profit in 2024. The company organised trips for more than [..]

Too early to talk about resuming train service between Vilnius and Minsk – adviser

It is too early to discuss the resumption of passenger train service between Vilnius and the Belarusian capital, Minsk, Deividas Matulionis, President Gitanas Nausėda’s chief national security adviser, has said. [..]

Sick leave certificates for burnout increased rapidly in 2024

Sick leave certificates issued for burnout have significantly increased in Estonia over the last year, data from the Labor Inspectorate’s annual report shows. Additionally, 25 percent of complaints made to [..]

Over 4,000 protest in Vilnius against universal property tax

More than 4,000 people gathered in Vilnius’ central Cathedral Square on Sunday to protest against the proposed universal property tax. Protesters from across Lithuania waved national and municipal flags and [..]

Businesses say finding summer workers is easier this year

Businesses are looking for seasonal workers for the summer, and according to accommodation and catering companies in Pärnu, finding staff this year should not be a problem, as there is [..]

Revolut Group more than doubles net profit to EUR 934 mln in 2024

UK-based financial services group Revolut, which includes the Lithuania-registered Revolut Bank, reported a net profit of €934 million for 2024 on Thursday – more than double the €395 million recorded [..]

Applications now open for land tax increase compensation

Starting today, 22 April, property owners in Tallinn can begin submitting applications for compensation related to the 2025 land tax increase. The first to be processed will be applications from [..]

Estonia has no direct obligation to build four-lane highways

Estonia has committed to upgrading its main highways to meet EU standards by 2030. However, EU requirements do not explicitly mandate four-lane highways, meaning the Tallinn-Tartu and Tallinn-Pärnu-Ikla highways may [..]

RB Rail needs further cash from Latvia to cover costs

The Baltic joint venture RB Rail requires another EUR 4.091 million (not including VAT) to cover expenses in the Latvian leg of the system this year. LETA learned about this [..]

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Photo: rigassatiksme.lv (illustrative picture)

Riga public transportation company to buy new buses

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Lithuanian retail sales lower than EU average in March

Photo: https://www.facebook.com/NanoAvionics/photos_by

Satellite company plans expansion in Vilnius

Photo: coinvest.lt

Lithuanian avionics group raises new investments

Unused pipes for the Nord Stream 2 Baltic Sea gas pipeline, which runs from Russia to Germany, lie at the port site in the municipality of Sassnitz. Photo: Stefan Sauer/dpa Credit: Stefan Sauer/dpa

Nord Stream 2 operator given go-ahead to find new investors

Photo: lmt.lv

LMT to distribute Samsung smartphone in Baltics

A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. Photo: Hendrik Schmidt/dpa Credit: Hendrik Schmidt/dpa

Three Ukrainians arrested over planned sabotage for Russia in Germany

Photo: Pixabay.com (illustrative picture)

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

Photo: Pixabay.com (illustrative picture)

Lithuanian government approves tax reforms

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GetJet Airlines and Tez Tour sign a new long-term agreement

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