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French court reduces fine of Rietumu Banka for alleged engagement in money laundering

RIGA - The French court on Tuesday reduced the fine imposed on Latvia's Rietumu Banka by almost 75 percent - from EUR 80 million to EUR 20 m...

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Finnish Food Workers' Union calling for boycott on beer produced in Estonia

TALLINN - The Finnish Food Workers' Union has called on Twitter for a boycott of a product of a small brewery located in Kontula, Helsinki, ...

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Luxury bathtubs made In Latvia conquer the world

Latvian-made products continue to rise in popularity as global consumers opt for well-crafted European products using the finest materials over ...

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New logistic route from Turkey, through Ukraine and Lithuania, to Poland

Ukrzaliznytsia (Ukrainian railways), Ukrferry (Black Sea ferryboats), FerriPlus (logistics) and LTG Cargo, the largest cargo group dealing with ...

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Bank of Lithuania revises 2021 GDP growth forecast up to 2.9 percent

The Central Bank of Lithuania said on March 22 it expects the country’s gross domestic product (GDP) to grow by 2.9 percent in 2021 and by...

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Baltic Tech Ventures: success through innovation in the Baltic region

The past year and this year will certainly be exciting for Baltic Technology Ventures (BTV), a venture capital investment company which invests ...

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Allianz acquires Aviva’s companies in Lithuania and Poland for billion euros

Germany’s Allianz Group, one of the world’s leading insurers, is set to acquire Lithuanian and Polish businesses of UK’s life ...

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All stores not located in shopping malls to open for business after Easter

RIGA - All stores that are not located in shopping malls of more than 7,000 square meters in area will be allowed to open after April 7, the gov...

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Emor survey shows increase in e-commerce in almost all categories of goods

TALLINN - The numbers of e-buyers in Estonia grew in almost all categories of goods in the first quarter of this year, while in March, month ove...

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Restrictions on retail trade having direct impact on advertising market - JSDecaux Latvija

RIGA - The longer Covid-19 restrictions on retail trade remain in place, the more they are impacting the advertising market, Jelena Brokane, hea...

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