Posts tagged as Baltic

Lithuania sees fastest growth in new car sales in Baltics in 2019

Tuesday, January 21, 2020

Among the Baltic countries, the biggest growth in new car sales year over year was seen in 2019 in Lithuania, where the number of new cars sold was bigger by 43.2% than in 2018, the Estonian association of car dealers and service companies AMTEL announced. The annual rates of growth were 8% in Latvia and 4.7 % in Estonia. Overall in the European Union, 15.34 mln new cars were sold…

Baltic, Polish defense ministers discuss security of NATO’s eastern flank

Tuesday, December 17, 2019

The ministers of defense of Estonia, Latvia, Lithuania and Poland during their meeting in Tallinn on Monday discussed matters of security of the eastern flank of NATO. The meeting on Monday brought together defense ministers Juri Luik of Estonia, Artis Pabriks of Latvia, Raimundas Karoblis of Lithuania and Mariusz Blaszczak of Poland. On Tuesday the three Baltic ministers will continue discussions, spokespeople for the Estonian Ministry of Defense said. “I…

Turkish veto on Baltic defense plans is bad

Wednesday, December 4, 2019

Turkey’s decision to block the updated defense plans for the Baltic states and Poland might make military planning more difficult but it’s not a catastrophe as other planning instruments remain, retired US General Ben Hodges says. The ex-commander of the United States Army Europe (USAREUR) underlined that military officers have to take into account what defense plans are formally endorsed by all NATO members at the North Atlantic Council. “In…

Turkey holds Baltic NATO plans hostage over Syria – ‘it’s not the first time’

By Andrius Balčiūnas on Thursday, November 28, 2019

When the media revealed Turkey’s move to block NATO  defence   plans for the Baltic states and Poland over Syria, online comment sections in Lithuania filled with calls to boycott Turkish goods and holiday destinations. Yet, it wasn’t the first time the Baltics became hostage to Ankara. “Turkey has used this tactic before,” Sven Sakkov, director of Estonia’s International Centre for Defence and Security, told LRT.lt. “I don’t think it’s…

Real estate market still active in Baltics – CBRE

Thursday, November 21, 2019

CBRE Head of Research in Continental Europe and Head of Thought Leadership and Data Strategy in Europe, the Middle East and Africa, Jos Tromp points out that global economic growth pace is slowing down, while risks are increasing. In addition to slow economic growth, there is low inflation, ageing societies and low immigration intensity. Therefore interest rates are not expected to increase at the moment – on the contrary, the…

Baltic power synchronisation to reduce dependency on Russia

Friday, November 15, 2019

Lithuanian President Gitanas Nausėda on Friday called for stepping up the synchronisation of the Baltic power networks with that of continental Europe to reduce dependency on Russia. The Baltic grids are still part of the post-Soviet BRELL ring, which also includes Russia and Belarus, and remain dependent on the control center in Moscow and the Russian electricity system. Lithuania, Latvia and Estonia aim to synchronise their grids with the rest…

Baltic chiefs of staff discuss defense cooperation

Thursday, November 14, 2019

The chiefs of staff of the defense forces of Estonia, Latvia and Lithuania discussed issues concerning the defense cooperation between Baltic countries and the further development of that cooperation at a two-day meeting held in Tallinn. Topics discussed during a meeting of the military committee of the three countries that took place on the level of the chiefs of staff included cooperation between the three countries’ defense forces and various…

Latvia’s Baltic German French spy

Thursday, November 7, 2019

It’s one hundred years since crucial battles put the fledgling Latvian state on a firmer footing, and to mark the occasion the Latvian National History Museum is staging an exhibition that tells the tales of winners of the Order of Lāčplēsis, a military award established to honor those who showed outstanding bravery in the independence struggles. The exhibition provides a timely reminder that it was not only ethnic Latvians who…

Baltic index falls

Tuesday, September 17, 2019

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing streak to an eighth straight session on Monday, hurt by lower rates for capesize vessels. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 1 point to 2,311 points. The index has fallen for eight straight sessions. The capesize index dropped 9 points, or 0.2%, to 4,538…

Baltic and Nordic foreign ministers agree to continue cooperation on climate change

Friday, September 13, 2019

On Wednesday and Thursday, in Borgarnes (Iceland), the Latvian Foreign Minister Edgars Rinkevics took part in the annual meeting of the Baltic and Nordic (NB8) Foreign Ministers, LETA was informed by the Foreign Ministry. During the meetings, Rinkevics expressed the view that, being aware of the importance of climate change, the EU should present itself as a leader setting ambitious goals in climate change mitigation. The ministers agreed on the…