Events, data and analysis from the Baltic economies
Continuous coverage
What happened across the Baltic economies, in editorial order and with the underlying event date made explicit.
Vilnius-based technology startup Holo has secured €5 million in seed funding to develop its AI-powered marketing platform and expand its team in Lithuania. The investment round was led by European…
The European Commission has given preliminary approval for nearly €32 million in funding to strengthen Estonia’s eastern border surveillance infrastructure, supporting a project scheduled for completion by the end of…
Canadian aerospace company Volatus Aerospace has agreed to acquire Lithuania’s AISPECO in a transaction valued at an initial US$10.5 million, bringing a Vilnius-based manufacturer of airborne sensor systems into its…
Lithuania led Baltic export growth in August 2026, but mineral products generated more than 40% of the increase in both Lithuania and Latvia. Estonia’s exports rose by 3.5%, while goods…
Lithuania’s government approved national measures targeting Russian businessmen Alisher Usmanov and Mikhail Fridman on 14 October, following their removal from the European Union’s sanctions list. According to the Lithuanian Ministry…
Ignitis ON has opened an expanded electric vehicle charging park at the Nordika shopping complex in Vilnius, with ten 200 kW charging stations capable of serving 20 vehicles simultaneously. The…
Estonian construction company Revin Grupp has secured a €9.94 million contract, including VAT, to build a new kindergarten in Narva’s Kreenholm district. According to ERR’s report on 14 October, construction…
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,…
Neo Performance Materials is preparing to change the raw material supply arrangements at its Silmet rare earths facility in Sillamäe, Estonia, as the company advances plans to modernise its European…
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…
A subsidiary of Lithuanian retailer Maxima LT has acquired a development site in Vilnius for almost €5.53 million following a competitive state property auction. Jamdena bought the property in the…
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…
Estonian logistics group Omniva has asked the European Commission to assess the financing of universal postal services in Latvia and Lithuania. The company submitted complaints concerning the mechanisms used to…
Telia Company plans to cut around 210 positions in Estonia and Lithuania as part of a new restructuring programme affecting approximately 900 jobs across the group. Around 100 positions are…
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…
