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.
Finnish fast-food chain Hesburger has opened a new drive-through restaurant at Satekles iela 3 in central Riga, investing more than €2.1 million in the new building and creating 20 jobs.…
Latvia’s NorSAF and UK clean-technology company Nova Pangaea Technologies have signed a memorandum of understanding to develop an advanced ethanol production plant in Latvia. The planned plant would use locally…
Lithuania’s battery build-out has reached the point where the number of new projects is no longer the main story. A market for what those batteries can actually do for the…
BLRT Grupp has opened a new €14 million industrial foundry in Kohila, around 35 kilometres south of Tallinn, expanding the group’s ability to produce larger and heavier cast components for…
Latvia-headquartered Eleving Group has priced a new €200 million senior secured bond issue at par with a fixed 9% annual coupon, with investor demand close to 1.5 times the amount…
Latvijas Banka has granted Atrya Technologies SIA a licence to provide crypto-asset services under the EU’s Markets in Crypto-Assets Regulation, or MiCA. The licence allows the Riga-registered company to provide…
The European Commission has paid €135 million to Estonia under the EU Recovery and Resilience Facility after the country completed the milestones and targets linked to the payment request. The…
Construction has started on a Leopard 2A8 tank assembly and repair plant in the Kaunas Free Economic Zone, with a symbolic time capsule laid at the site on 1 October.…
Estonian real estate investment and development company Capital Mill has acquired three shopping centres in Riga, expanding its portfolio in the Latvian capital.The acquisition includes Dole and shopping centres at…
Estonia has decided to prohibit the transit of grain originating from Russia and Belarus, closing the possibility of Estonian ports becoming an alternative export route.The national sanction covers grain classified…
Lithuanian refrigerator manufacturer Snaigė has asked a court to terminate its restructuring process and open bankruptcy proceedings.The company said CEO Darius Varnas submitted the application to Kaunas Regional Court on…
Estonian industrial group Viru Keemia Grupp has opened its new €75 million Uus-Kiviõli oil shale mine, securing a new raw-material base for its shale oil production.VKG expects the mine to…
The City of Tallinn has sold its entire stake in Estonia’s Coop Pank, completing its exit from the listed bank.The city sold 2,845,973 shares, representing around 3% of Coop Pank’s…
Estonian state-owned energy group Eesti Energia has expanded its generation footprint in Lithuania with the official opening of the Kelmė I and Kelmė II wind farms. The two projects have…
Lithuania and the European Commission have formally signed the country’s €884.2 million Social Climate Plan, moving the programme towards implementation. The plan combines €662.9 million from the EU Social Climate…