Vilnius is often hailed as the least expensive capital city among the Baltic countries – at least that is what the Lithuanian Statistical Department claims. However, price comparison website Numbeo.com shows that prices in Vilnius are very similar to Riga, and in some cases, even more expensive. […]
Russian propagandists were not long ago deriding the inability of Baltic States to defend themselves but are now seeing something different: a threat to Russia. […]
Minister of Energy Rokas Masiulis, who sent out a letter to ministers in Latvia, Estonia, Poland and Finland urging them not to buy electricity from the nuclear power plants in Belarus or Kaliningrad, received the first positive answer to his letter when he met with Estonian Minister of Economy and Infrastructure Kristen Michal on Thursday. […]
Lithuanian economic growth this year has been the slowest among the Baltic countries, but analysts at Danske Bank predict that the country’s gross domestic product growth next year will be faster than in Estonia and, in 2017, will bypass Latvia as well. […]
The issue re-appeared rather unexpectedly. On 5 November, after a meeting in Riga, the Justice Ministers of Estonia, Latvia, and Lithuania released a statement, in which they peremptorily declared that their countries had been occupied by and had been “exploited for political and economic needs” by the Soviet Union. The “enormous demographic and socio-economic losses”, caused by “the totalitarian communist occupation regime of the USSR.” should be “calculated in a scientifically-justified manner”, they said. The final step would be that they would “claim legally and factually justified compensation from the Russian Federation”. […]
On 15 December, Lithuania’s Ministry of Energy held a meeting of the Committee of Senior Energy Officials of the Baltic Council of Ministers (BCM) to address the development of a regional gas market and to cooperate on the synchronisation of the Baltic states’ power systems with the networks of Continental Europe, the ministry reports. […]
Defence Minister Juozas Olekas has signed an agreement in London, establishing the Joint Expeditionary Force. Defence Policy Director at the Ministry of National Defence Vaidotas Urbelis says that the seven states that signed the agreement share a similar view on security and will be able to decide how to react to conflicts on their own. […]
Fewer businesspeople in Lithuania think underground economy is a problem than a year ago. However, Lithuania has a far bigger black market than the Central and Eastern European average, research shows. […]
Negotiation groups of the Baltic States and the European Commission signed three agreements in Tallinn securing EUR 734 million funding from the EU for new Rail Baltica development stages in Estonia, Latvia, Lithuania and Poland. […]
Direct air transport effect on Lithuania‘s economy in 2013 reached 86 million euro, or 0.25 percent of GDP. However, it is only the tip of the iceberg, since the total sum of direct, indirect, induced effects and the broader economic benefits from air transport effect in Lithuania would be 870 million euro, or 2.5 percent of GDP. […]
In October, Estonian and Finnish gas companies, with the support of the national governments, jointly applied to the European Commission for financing of the construction of Balticconnector – the transmission pipeline network that would connect the gas networks of the two countries. Reaching an agreement and submitting the application marks a very important intermediary stage, writes the Chairman of the European Union Affairs Committee of the Estonian parliament Kalle Palling (Reform Party). […]
On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]
Lithuanian Defence Minister Juozas Olekas, Latvian Defence Minister Raimonds Bergmanis and Estonian Economic Affairs and Communications Minister Kristen Michal electronically signed a memorandum on cooperation in cyber security on Wednesday. […]
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