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Estonian chemical industry: Shale oil could create EUR 8.2 bln in natl wealth in 20 yrs

TALLINN – According to an analysis commissioned by the Estonian Chemical Industry Association and carried out by KPMG, shale oil productio...

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Estonia's Tallink to end operation of Victoria I on Tallinn-Stockholm-Riga, Tallinn-Helsinki routes from January 1

TALLINN – Listed Estonian shipper Tallink Grupp on Tuesday announced that it will suspend the operation of its vessel Victoria I on the Ta...

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Huawei regrets Telia's decisions are influenced by geopolitics

VILNIUS – Huawei said on Monday it regrets that decisions by Telia, which has announced that it will eliminate the Chinese technology gian...

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Vitenbergs proposes allowing all stores in shopping malls to remain open on weekends and holidays

RIGA - Economics Minister Janis Vitenbergs (KPV LV) proposes to revise Covid-19 rules for the retail sector by further increasing the minimum fl...

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Lithuania's hotel industry shrinks 30 % in guest numbers

Lithuania's accommodation establishments saw the total number of tourist stays tank 29.7% in the third quarter of 2020, year-on-year. And th...

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Lithuanian telecom giant’s market value surges past €1bn after 5G launch

Lithuania’s telecom giant Telia Lietuva saw its market value surge past the €1bn mark for the first time last week after announcing t...

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COVID-19-hit Vilnius sees free fall in tourism, 40,000 hospitality workers in limbo

The unrelenting COVID-19 pandemic has gripped tourism sector, crippling hospitality and tourism industries. Inga Romanovskiene, director of Go V...

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Estonian Merko's Latvian subsidiary to build 167 more apartments in Riga

TALLINN – SIA Merks, a company of listed Estonian construction group AS Merko Ehitus, has started the construction of the second stage of ...

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All businesses experiencing drop in turnover might qualify for downtime benefits

RIGA - All businesses that have been experiencing a drop in turnover due to the coronavirus might qualify for downtime benefits regardless of th...

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OECD urges Lithuania to cut fossil fuel subsidies, introduce carbon tax

VILNIUS – The Organization for Economic Cooperation and Development (OECD) has called on Lithuania to reduce fossil fuel subsidies and int...

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