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Latvian subsidiary of Estonia's Merko to build business complex in Riga for EUR 48 million

SIA Merks, part of the listed Estonian construction group Merko Ehitus, has entered into a contract with SIA Hanzas 14, owned by Capitalica Balt...

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Quarantine boosts e-commerce, though 40 percent of Lithuanians still don't shop online

The three-month quarantine and restrictions on non-essential retail have changed Lithuanian shoppers' habits, a survey by Enterprise Lithuan...

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NATO commander: rail Baltica will improve military mobility

Rail Baltica, a European standard gauge railway that will connect the Baltic countries with Poland, will also improve military mobility, accordi...

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SEB bank hit with huge fine in Sweden over Baltic banking mistakes

Sweden's financial supervisory authority, Finansinspektionen (FI), said June 25 it was fining SEB bank 1 billion krona (960 million euros) f...

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Lithuanian PM plays down increase in Rail Baltica costs

Despite cost increase, implementation delay and economic sustainability risks identified by the European Court of Auditors (ECA), Rail Baltica w...

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European Commission launches Just Transition Platform

The European Commission on June 29 launched the Just Transition Platform (JTP) to help member states draw up their territorial just transition p...

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Nordecon to build Lidl store on Kalda Street in Tartu for EUR 3 mln

TALLINN – Nordecon Betoon OU, part of the listed Estonian construction group Nordecon, entered into a contract with Lidl Eesti OU for the ...

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Concentration of banking sector in Lithuania hasn’t restricted competition – IMF

VILNIUS – High concentration in Lithuania's banking sector has so far not resulted in a lack of competition in this sector, Kristalina...

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airBaltic plans to operate flights from Riga to 49 destinations this summer

RIGA - Latvia's airBaltic national carrier plans to operate flights from Riga to 49 destinations by the end of August, the company's spo...

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airBaltic resumes flights between Riga and London

RIGA - After receiving all of the necessary permissions, Latvian airline airBaltic plans to resume direct flights from Riga to London on July 1 ...

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