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The European Commission has adopted a decision rendering legally binding commitments offered by German grid operator TenneT to significantly increase cross-border flows of electricity between Denmark and Germany. TenneT will ensure that a specific guaranteed capacity is available at all times. Commissioner...
NIB and UAB Lidl Lietuva have signed a EUR 50 million loan agreement with a maturity of ten years to finance the expansion of Lidl’s store network in Lithuania 2017–2019. Lidl entered the Lithuanian grocery market in June 2016. At year end 2017, Lidl was operating 35 stores and one warehouse in the country and had a...
Environmental researchers at the Leibniz Institute for Baltic Sea Research Warnemünde (IOW) have developed a new type of mobile device for recording microplastics in surface waters. They call the design “Rocket”, which allows up to 60 litres per minute to be sucked through four fine candle filters depending on the...
Today, the three Baltic countries Estonia, Latvia and Lithuania, have jointly agreed to develop an experimental 5G cross-border corridor that will allow the testing of autonomous vehicles on European motorways. The ‘Via Baltica – North’ agreement will extend the pan-European network of 5G corridors, which was initiated...
Today, the Auvere Power Plant of Enefit Energiatootmine, a subsidiary of Eesti Energia, was opened in Ida-Viru County. The power plant, producing electricity from oil shale and renewable resources, is capable of covering more than a quarter of Estonia’s electricity consumption. According to Prime Minister Jüri Ratas,...
Prime Minister Jüri Ratas says that listing Port of Tallinn on the stock market was a unanimous decision of the coalition that reflects the wish to offer people more options for investing, and to increase the efficiency and transparency of state enterprises. Jüri Ratas, along with Valdo Kalm, CEO of...
Maintenance of offshore wind turbines costs a small fortune in both inspections and repairs as well as in downtime when the turbine blades are not producing power. So representatives from both Vestas and Ørsted applauded when they recently attended a PhD defense by Jesper Liniger of Aalborg University Esbjerg. Jesper...
Sorry, this entry is only available in German.
Sorry, this entry is only available in German.
Finland – Economic growth in the euro area has already accelerated close to the level preceding the financial crisis and is also broadly based. The very accommodative monetary policy has provided tailwinds for both the euro area as a whole and Finland’s economy. Even so, inflation has remained slow. Policy rates are...