Events, data and analysis from the Baltic economies
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INDEXO Bank has started pilot transactions with Latvian businesses, introducing corporate term deposits and lending as it develops its business banking services. The bank issued its first corporate loan on…
Banks in Lithuania are preparing to open consultation branches in nine municipalities currently without bank offices, under an initiative coordinated by Lietuvos bankas. The new locations are planned for Prienai,…
Latvian financial services group INDEXO has received a €3 million investment from Lauris Liberts, co-founder and co-owner of Draugiem Group, as it prepares for a planned listing on Nasdaq First…
British investment manager Pollen Street has increased its credit facility for Lithuanian business lender Finbee Verslui from €35 million to €55 million, expanding the financing available for loans to small…
Lithuania’s Ministry of Finance submitted its first payment request of €1.06 billion to the European Commission under the EU’s Security Action for Europe (SAFE) instrument on 21 October. After deducting…
Lithuania’s state-controlled energy group Ignitis Group has priced a €300 million European Green Bond issue, attracting more than €1 billion in investor orders — over three times the amount offered.…
Lithuanian energy group Ignitis has announced plans to issue at least €300 million in five-year European Green Bonds, alongside an offer to repurchase outstanding bonds maturing in July 2027. The…
The Bank of Lithuania has raised no objection to a proposed acquisition by UAB Laicus of a substantial minority stake in Lithuanian crypto-asset service provider Micar assets. Under the decision…
Swedish 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,…
Lithuania’s government approved its draft 2027 state budget on 16 October, proposing €27.9 billion in expenditure while maintaining defence spending at 5% of GDP and increasing wages and pensions. The…
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…
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…
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,…
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…
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…
Analysis · Finance & Investment
Capital for growth, pressure on margins Blackwall’s rise to unicorn status put Estonia’s technology sector in the spotlight. Across the region, businesses gained backing for industrial…
Analysis · Finance & Investment
The Latvian airline has received €140 million in emergency funding, but its Chapter 11 restructuring is opening a dispute over the value of aircraft collateral, creditors’…
Analysis · Finance & Investment
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…
Hungary’s OTP Group has agreed to acquire Luminor, the third-largest bank in Estonia and one of the few banking groups operating across all three Baltic states. The transaction has been estimated at approximately €1.8 billion, although the final…
PhotoLithuania remains the strongest macro story in the Baltic region, but the June update from Lietuvos bankas makes the picture less simple than it looked in spring. The economy is still expected to grow, wages are projected to…
PhotoLatvia’s officially recognised systemic banking core has narrowed
PhotoLatvia’s licensed non-bank lenders issued €1.003bn in new consumer loans in 2025, while their separate business-purpose lending portfolio exceeded €1.1bn by year-end.
PhotoOfficial materials describe LAU Infra Grupa as the first Latvian state-owned enterprise potentially to list shares on the stock exchange.
PhotoEstonia is preparing a new international government bond issue, but the most important signal is not only the borrowing itself. For the first time, the country plans to issue international government bonds under Estonian law, register them with…
PhotoBaltic Horizon is replacing its long-time manager Tarmo Karotam, who will step down at the end of April after around two decades with the platform. The change follows a prolonged downturn: over the past three years, cumulative losses…
PhotoLatvia’s tax revenue continued to grow in the first quarter of 2026, but again fell short of the official plan. The result points less to an immediate fiscal shock than to a recurring gap between budget assumptions and…
Photo🇱🇻Who Controls Latvia’s Non-Bank Credit Market — and Why It Matters
Latvia’s 2025 investment record: what’s inside the €1.01bn headline
How Latvia’s State Audit Office Assesses the Fight Against the Shadow Economy
BaltCap exits Exercise Investment, transferring control to Aggressive Capital’s Longevity Fund