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China Merchants Group chairman expects Klaipeda to become gateway to Baltic Sea

VILNIUS - Lithuania’s port of Klaipeda could one day play a key role in China’s ever growing global trade, serving as its “gat...

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Voluntary buyout offer for Latvijas Balzams shares ends without result

RIGA - The voluntary buyout offer for shares in Latvijas Balzams distillery made by the company’s largest shareholder, Amber Beverage Grou...

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Latvian government finally gets tough on debt-ridden KVV Liepajas Metalurgs

RIGA - The financially troubled KVV Liepajas Metalurgs, a metal works company in the seaport town of Liepaja, is not quite a write off yet, said...

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Norway’s oil fund doubles investment in Lithuanian government bonds in 2015

VILNIUS - Norway’s government pension fund, which is often referred to as the Norwegian oil fund and is one of the biggest global institut...

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Latvia submits 400 million euros worth of projects under Juncker’s investment plan

RIGA - Latvia has submitted to the European Investment Bank (EIB) projects worth 400.3 million euros in total under the investment plan proposed...

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Estonian ministry studying plan for ekranoplan service between Tallinn, Helsinki

TALLINN - The Estonian Ministry of Economic Affairs and Communications is analysing Sea Wolf Express’ plan to launch passenger carriage on...

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Estonia preparing to build new nuclear waste repository

TALLINN - The Estonian Ministry of Environment has made a proposal to the government to start preparations for the establishment of a new final ...

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Housing affordability in Baltics improves in Q4 2015 - Swedbank

RIGA - Housing affordability in the capital cities of all three Baltic States improved in the fourth quarter of 2015, according to the latest Sw...

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Head of association: Scandinavian-owned banks no longer want to invest in Lithuania

VILNIUS - Ever since the restoration of Lithuania’s independence, banks from the Nordic countries have looked on the small Baltic country ...

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Ventspils Nafta holding cuts loss to 1.52 million euros in 2015

VENTSPILS – Latvia’s Ventspils Nafta Holding cut its loss last year to 1.5 million euros, the company’s representatives report...

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