Events, data and analysis from the Baltic economies
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Canadian industrial materials group Neo Performance Materials has been selected for up to €126 million in EU Innovation Fund support for a major expansion of its rare earth processing and permanent magnet operations in Estonia. The company estimates…
Baltic power prices diverge as Siemens backs Skeleton Estonia’s electricity discount to Latvia and Lithuania reached almost €34/MWh in September, while Siemens’ investment in Skeleton put an Estonian energy-technology company into the global AI infrastructure supply chain. This…
PhotoSwedish banking group SEB has agreed to pay $33 million to New York’s financial regulator, bringing to a close a long-running US investigation into weaknesses in its anti-money laundering controls, including those at its Baltic subsidiaries. The settlement,…
Latvia’s INDEXO Bank is preparing a leadership transition, with Jānis Pizičs scheduled to join its management team on 26 October and subsequently take over as chairman of the management board, subject to approval by Latvijas Banka. The bank…
Lithuania’s national development bank ILTE signed financing agreements worth €964 million in the first half of 2026, 1.7 times more than during the same period last year. Business financing accounted for €806 million of the total, while €126…
Lithuanian asset manager INVL has established a new fund targeting investments in banks across Central and Eastern Europe. The rules of the INVL European Banking Opportunities Fund were approved by the Bank of Lithuania on 8 October. The…
Lithuanian infrastructure company KRS has completed a €6 million bond issue and listed the securities on the Nasdaq Vilnius First North market. A total of 6,000 bonds with a nominal value of €1,000 each were admitted to trading…
Lithuanian investment fund Capitalica Baltic Real Estate Fund I has reported investor subscriptions of €2.015 million in the third tranche of its bond offering, attracting 141 investors. Nasdaq Baltic has approved the admission of an additional €2 million…
Sun Investment Group and Eternia Solar have proposed extending their bond maturities by six months, citing delays in project implementation and expected cash inflows. Sun Investment Group proposes moving its repayment deadline from 29 November 2026 to 29…
INVL Private Equity Fund II and Tesonet have completed the acquisition of Lithuanian private education network Šiaurės licėjus after receiving competition clearance. The acquired business includes two schools, three kindergartens, a swimming pool and an extracurricular education centre,…
Estonian media group Ekspress Grupp, through LT Screens, has completed the acquisition of 100% of Lithuanian outdoor advertising operator LT Advert. LT Advert operates more than 400 advertising locations across over 60 Lithuanian cities and employs around 25…