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Deutsche Bank penalized in US for Epstein, Danske Bank Estonia dealings

NEW YORK - Deutsche Bank has agreed to a 150-million-euro penalty for significant compliance failures in connection with the bank's relation...

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German bus company Flixbus to start trips from Baltics on July 16

TALLINN – The German bus company Flixbus is continuing with plans postponed due to the COVID-19 crisis and starting trips from the Baltics...

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Deflation to continue in Latvia in coming months - bank analysts

RIGA - Deflation in Latvia will continue in the coming months, bank analysts told LETA commenting on consumer price changes this past June.&...

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Estonia, Amazon sign confidentiality agreement

TALLINN - The Estonian Ministry of Economic Affairs and Communications has signed a confidentiality agreement with the US retail giant Amazon, w...

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Negative wholesale electricity price observed in Latvia for the first time

RIGA - For the first time in history, a negative wholesale electricity price has been observed in Latvia - from 5 a.m. to 6 a.m. this morning, t...

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The public sector e-invoicing in Estonia is celebrating its first anniversary

During the year, Estonian state agencies have received 370,000 e-invoices. On July 1, one yea...

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Ignitis Group’s long-term corporate strategy: creating an Energy Smart world

Ignitis Group, the international energy company, announces its updated long-term corporate strategy and strategic plan for the period 2020&ndash...

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Retailer Palink receives fine for unfair commercial practices to food and drink suppliers

The Lithuanian competition authority Konkurencijos taryba found that UAB Palink, one of the major retail companies in Lithuania, infringed the L...

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Maxima’s Responsible Actions During COVID-19 Documented in Latvian History

To support the archiving of information and artefacts both about this time and other important periods in public life, Maxima Latvija has begun ...

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European Commission Approves airBaltic Equity Increase of 250 Million Euro

RIGA - The European Commission on July 3, 2020, under EU State aid rules, has approved the Latvian government's investment of €250 mill...

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