Baltic States

Head of MS Estonia tragedy investigation says ship went down after collision with submarine

Linas Jegelevicius in Vilnius September 28, 2020

The sinking of MS Estonia was the deadliest maritime disaster to have occurred in European waters, killing 852 people from 17 countries.

Latvian central bank says COVID-19 changed people's payment habits significantly

Linas Jegelevicius in Vilnius September 24, 2020

The share of non-cash payments in the total volume of payments is gradually increasing.

Fintech giant Revolut moves business customers to Lithuania ahead of Brexit

Linas Jegelevicius in Vilnius September 23, 2020

Move will ensure Revolut can continue to serve its non-UK customers and hedge against a no trade-deal Brexit.

Lithuania's bullish Ignitis Grupe sets IPO price range valuing company at up to €2.1bn

Linas Jegelevicius in Vilnius September 21, 2020

State-run energy group has set a price range of €22.5-€28 for its shares and global depository receipts for the upcoming IPO in Vilnius and London.

Leaked documents expose fat cat oligarchs’ extensive links to Latvian banks

Linas Jegelevicius in Vilnius September 21, 2020

Leaked documents reveal US banks eyed with suspicion transactions totalling at least $7.6bn wired through Latvian banks between 2006 and 2017.

US’ Dexcom to open services centre in Vilnius in 2021

bne IntelliNews September 15, 2020

Medical technology company Dexcom's new global business services centre will support its operations and customers across EMEA.

Lithuania’s exports decreased by 8.2%, imports by 13.6% y/y in 1H20

Linas Jegelevicius in Vilnius September 13, 2020

Lithuania’s exports amounted to €2.33bn and imports to €2.50bn in July.

Croatia had second-deepest GDP contraction across the EU in 2Q20

bne IntelliNews September 8, 2020

Tourism-dependent Spain and Croatia were worst hit by the coronacrisis among EU members while the Baltic and Nordic countries were least affected, Eurostat finds.

Lukashenko’s crackdown leads to exodus of IT professionals

Ben Aris in Berlin September 4, 2020

The restart of Belarus' self-appointed President Alexander Lukashenko's brutal crackdown on protesters has led to a growing exodus of IT professionals that will destroy one of the country’s most successful sectors.