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96% of Latvian lats banknotes, 39% of coins exchanged for euros by end November

RIGA, Dec 16 (LETA) - After Latvia gave up its national currency, the lats, and switched to euros on January 1, 2014, 96 percent of lats banknot...

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Consumption in Baltics getting closer to EU average – Eurostat

VILNIUS – Consumption levels in the Baltic states are getting closer to the EU average, with Lithuanians being the biggest spenders in the...

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New CEO arrives at Olympic Entertainment amid changing times

2018 has been a year of change for the Baltic region’s biggest casino and gambling operator, Olympic Entertainment. Over the past 12 month...

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NIB funds new automated logistics centre for Lithuanian Post

The Nordic Investment Bank (NIB) and Lietuvos Pastas (LP) have signed a ten-year loan of EUR 17.5 million to finance the construction of a new c...

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Deutsche's link to Danske money laundering case bigger than reported earlier

TALLINN – Deutsche Bank processed 31 billion euros more in questionable funds for Danske Bank than previously thought, which brings the su...

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Estonian EU commissioner: We have to be worried about Huawei

TALLINN – European Commission Vice President Andrus Ansip said on Friday that Europe should be worried about Chinese telecom vendors ...

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Major Latvian construction company prepared to sue Scandinavian construction giant Veidekke over unpaid bills

RIGA – One of Latvia's leading construction companies, JSC BMGS, is preparing to sue the Scandinavian construction giant Veidekke Entr...

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Benin Republic to develop data exchange platform based on Estonian model

On December 5th, e-Governance Academy and National Information Systems and Services Agency (ASSI) of Benin Republic signed an agr...

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NIB finances Lidl’s expansion in Lithuania

The Nordic Investment Bank (NIB) and UAB Lidl Lietuva have signed a EUR 50 million loan agreement with a maturity of ten years to fina...

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Barclays set to close its operations center in Lithuania, to lay off some 260 people

VILNIUS - British bank Barclays is closing its operations center in Lithuania, with plans to transfer around 460 jobs to HCL Technologies, a mul...

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