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The packaging iceberg

RIGA - The average Baltic citizen produces 300 to 400 kilos of garbage per year, amounting to 2.5 million tonnes of waste per year for the three...

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A new hub for Riga’s startups

RIGA - Latvia’s tech start-up scene received a boost last month when TechHub Riga launched its expanded new premises on Kalku street and a...

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Ukrainian Melior Games to open Vilnius studio

VILNIUS - The Ukrainian game development studio Melior Games is opening an office in Vilnius. Half of the Melior Games team will shortly be tran...

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Estonia had biggest fall in R&D expenditure in 2013

TALLINN - According to Statistics Estonia, in 2013 the expenditure on research and development (R&D) in Estonia equalled 326 million euros, ...

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Resource potential exhausted – for continued growth, Latvia must raise productivity

RIGA - Employment has stopped rising, as had been forecast before. The gradual rise in participation in the labour market (the proportion of the...

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Strong wage growth continues in Estonia

In the third quarter, average monthly gross wages increased by 5.0 percent year-on-year in Estonia. As prices declined, gross wages jumped by 5....

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A closer look at Latvia’s banks: Funding structures and business models

RIGA - In our last article in the November issue, we provided a first very broad introduction to the Latvian Banking Sector by analyzing the bal...

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Lithuania bids farewell to the lita, prepares to join the euro zone

VILNIUS - Lithuania bids farewell to the Lita on December 31 this year, and a few Lithuanian volunteers have even built the largest pyramid of c...

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Lietuva in brief

On Tuesday, 2 December, several schools launched an indefinite strike. The trade unions had said beforehand that more than a hundred schools wou...

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Latvija in brief

During a Saeima Defense, Internal Affairs and Corruption Prevention Committee meeting on Dec. 2, Defense Minister Raimonds Vejonis (Greens/Farme...

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