With the coming into force of the EU foreign investment screening regulation, combined with the delays to the completion of Nord Stream 2 there is now a distinct possibility that the pipeline will be fully subject to the regulation.
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The Baltic region is making a significant progress in developing functioning regional natural gas market, expanding and integrating the related infrastructure, and ensuring the security of supply.
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In the last half-decade, the three Baltic states have made dramatic progress towards diversifying their energy supplies, especially of natural gas. This progress—brought about thanks to remarkable political will as well as improved regional cooperation—has resulted in considerable economic benefit while decreasing the three countries’ vulnerability to outside pressure. Yet, much remains to be done in order to complete the three countries’ internal markets.
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The Russian political economy is on the move.
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The Latvian banking system is less than 30 years old. During these three decades, the current liquidation of AB.lv banks is the fifth major crisis in Latvian banking. Although many banks have come and gone and the Latvian banking sector has been very vibrant with a hope to become a regional financial centre, every crisis has revealed a bad apple or two.
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