Events, data and analysis from the Baltic economies
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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…
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…
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…
Construction has begun on a new progymnasium in the Pavilnys district of Vilnius. The nearly 11,000 m² complex will include 32 classrooms, laboratories, sports facilities, a four-lane 25-metre swimming pool…
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,…
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…
Lords LB Asset Management has cancelled the public offering of Baltic Core Property Fund units in Lithuania, Latvia and Estonia after investor demand proved insufficient. The fund had offered up…
Lithuanian space technology company Blackswan Space has raised €2.5 million in its second investment round to expand sales in the United States and accelerate the commercialisation of its autonomous spacecraft…
Lithuanian food producer Mantinga Group is advancing plans for a new chilled-food factory near Marijampolė, with the project now in the design and environmental assessment stage. The planned production building…
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-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…
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…
Foreign capital registered in the share capital of Latvian companies has increased by €1.05 billion since the beginning of 2026, reaching €13.58 billion. But the headline number should not be…
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