The Latvian government hastily decided to take over control of the country’s two largest ports in Riga and Ventspils after the US imposed sanctions on leading local businessman Aivars Lembergs.
The indicator’s fall eased from a decline of 4.5% y/y in September but still marked the sixth straight month of PPI deflation.
Offshore wind farm to add to low-carbon energy sources in the Estonian and Latvian energy mixes, in line with the EU’s climate goals. Estonia’s electricity production currently relies on burning oil shale and is among the dirtiest in Europe.
Salv's ambition to tackle financial crime should resonate well in Estonia and in the Baltic region, where a number of banks have been embroiled in money laundering scandals.
Latest round of venture capital funding for startup that aims to internationalise job searches comes amid further tightening of labour markets across CEE.
Military bloc’s leaders don’t discuss Turkish leader’s demand for classification of Kurdish militia as “terrorist”. Communique describing “a forward-looking reflection process” appears to give strongman way out of dispute.
Coop Bank sells 71% of offered shares as retail investors help get IPO away despite disappointing response from institutional amid flood of negative news stories on Baltic banking sector.
The pick-up in economic expansion in the third quarter arrived on the back of investment growing 8.1% y/y.
Lithuania-based Vinted has raised €128mn in its latest funding round, which values the company at over $1bn making it Lithuania's first ever tech unicorn.