Business
 

COVID-19-hit Vilnius sees free fall in tourism, 40,000 hospitality workers in limbo

  • 2020-11-26
  • Linas Jegelevicius

The unrelenting COVID-19 pandemic has gripped tourism sector, crippling hospitality and tourism industries. Inga Romanovskiene, director of Go Vilnius, the official development agency of Vilnius, told The Baltic Times that trends being observed in the city during the virus-cau...

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Lithuanian telecom giant’s market value surges past €1bn after 5G launch

Lithuania’s telecom giant Telia Lietuva saw its market value surge past the €1bn mark for the first time last week after announcing the launch of its next-generation 5G mobile network for testing in Lithuania in the first fortnight of November. The price of the compa...

Lithuanian foreign minister calls on Latvia to continue electricity trade talks

VILNIUS – Lithuania's outgoing Foreign Minister Linas Linkevicius has asked his Latvian counterpart to continue discussions on the Baltic country's common methodology for electricity trade with third countries. Latvia has already started trade with Russia based on...

Lithuanian telecom giant’s market value surges past €1bn after 5G launch

Lithuania’s telecom giant Telia Lietuva saw its market value surge past the €1bn mark ...

Lithuanian foreign minister calls on Latvia to continue electricity trade talks

VILNIUS – Lithuania's outgoing Foreign Minister Linas Linkevicius has asked his Latvian...

Estonia's Foresight Center: Coronavirus pandemic may jeopardize food industries' export

TALLINN - The coronavirus pandemic may give rise to hidden protectionism in the export markets of...

Rimi, Maxima suspend cooperation with Latvian company suspected of human trafficking

TALLINN – Retailers Rimi and Maxima said on Friday that they have suspended cooperation wit...

Estonia's Tallink receives EUR 90 million guarantee for additional loan from Finnish government

TALLINN - The government of Finland on Thursday approved a state guarantee of up to 90 million eu...

Lithuania's c.bank issues EUR 370,000 fine to Paysera LT, company plans to appeal

VILNIUS – The central Bank of Lithuania has issued a fine of 370,000 euros to Lithuanian-ca...

Estonia: Novel road condition monitors to be installed on intercity buses

TALLINN – As part of a joint project of the Road Administration, the state-owned road techn...

Lithuania to inform Latvia that electricity trade with Russia violates agreement

VILNIUS - The Lithuanian government will inform Latvia in writing that Vilnius considers Riga'...

EIT Health supports innovative healthcare start-ups from Europe with over 1 Million EUR in 2021 EIT Health RIS Innovation Call

- EIT Health is organizing EIT Health RIS Innovation Call for the third year in a row with the ai...

Restaurant Association urges government to compensate part of catering companies' losses

RIGA - The Restaurant Association has submitted a number of proposals to the government that is c...

EUR 4.7 million allocated to cover operating costs of hotels

RIGA - The government on Tuesday approved the Economics Ministry's proposal to earmark EUR 4,...

Lithuania's PayRay enters Latvian market

PayRay, a Vilnius-based company that began operating as a bank in October after obtaining a comme...

Riga-based Sun Finance Group records more than 100 million euros’ turnover in 2019

Last year, the financial technology company Sun Finance recorded a turnover of 101.5 million euro...

airBaltic to ensure connectivity with Europe's business centers this winter season

RIGA - As of October 25, the winter schedule of Latvian airline airBaltic is in force, LETA was i...

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