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Highlights


Ratas in New York for sustainable development summit

ERR News | Sep 22, 2019

Prime Minister Jüri Ratas (Centre) is traveling to New York on Sunday for a three-day working visit.

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Cheap Gas Is Killing Nuclear, Green Power May Finish the Job

Bloomberg | Sep 21, 2019

The natural gas boom is killing America’s nuclear industry. Wind and solar may finish the job.

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Estonia: The majority of enterprises use information and communication technology (ICT) security measures

BC, Tallinn | Sep 20, 2019

According to Statistics Estonia, in 2019, 90% of households had internet connection at home and it is used daily or almost daily by 98% of 16–44-year-olds. Enterprises contribute increasingly to improving their ICT security measures and policies.

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Estonian start-up Snackable AI gets new funding

Emerging Europe | Sep 20, 2019

Estonian-American start-up Snackable AI, which has created an artificial intelligence-based audio content search engine, has raised 1.27 million euros in seed investment, the majority from Estonian investors.

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New CEO to take over at Swedbank Oct. 1

ERR News | Sep 20, 2019

Swedbank's supervisory board appointed Henriksson its next president and CEO at the end of August. Current acting CEO Anders Karlsson will resume his former position as CFO as of October, the bank said on Friday.

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Coface: CEE economy grows but difficulties for business remain

Emerging Europe | Sep 19, 2019

The countries of Central and Eastern European have experienced unparalleled growth since they joined the European Union, but for companies in the region, difficulties remain, according to credit insurer Coface.

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Estonia: Harju Elekter's Lithuanian subsidiary opens new production facility

BC, Tallinn | Sep 19, 2019

Harju Elekter UAB, Lithuanian subsidiary of listed Estonian electrical equipment maker AS Harju Elekter, is about to open a new production hall in the town of Panevezys.

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Estonian PM at Tallinn Digital Summit: Regulation of AI usage needing work

TBT | Sep 18, 2019

Estonian Prime Minister Juri Ratas at the Tallinn Digital Summit on Tuesday discussed artificial intelligence (AI) with heads of delegations from 14 EU members states as well as Canada, Singapore, Japan, New Zealand and Australia, and noted that more work has to be put into the rules of using AI technologies.

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€6m K Senukai DIY store to open in Rīga

LSM.LV | Sep 20, 2019

This fall, a K Senukai DIY store will be opened at the Ozols shopping center, just across the railroad from the enormous Akropole shopping mall.

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Hilton hotel opens in Rīga

LSM.LV | Sep 18, 2019

On September 18 Latvia's first Hilton brand hotel was opened in Old Rīga, the chain's representatives told the press.

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Latvia picks film on rescuer of Jews as Oscar entry

LSM.LV | Sep 17, 2019

Latvia has picked Dāvis Sīmanis' feature film Tēvs Nakts (The Mover) about Žanis Lipke, a dock worker who hid Jews from the Nazis during the Second World War, as its entry for the US Academy Awards in the Best International Feature Film category.

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RIGA – THE HUB OF THE BALTIC WAY

The Jerusalem Post | Sep 15, 2019

The evening had started as just another in a series of events over several days commemorating the 30th anniversary of the Baltic Way. The demonstration in 1989 had two million people – men, women and children – join hands to form a human chain extending 660 km. across three countries, from Estonia in the north to Lithuania in the south, with Latvia in the middle.

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Latvian government earmarks 192 million euros for 'priority measures'

LSM.LV | Sep 14, 2019

At an extraordinary meeting on Friday, the Latvian Cabinet of Ministers decided to allocate a total of 192 million euros for the "priority measures" of ministries and independent institutions next year, reported LTV and Latvian Radio.

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LDz Logistika to cooperate with German DB Cargo Eurasia

BC, Riga | Sep 13, 2019

LDz Logistika, a subsidiary of state-owned Latvijas Dzelzcels company, today signed a cooperation agreement with German logistics company DB Cargo Eurasia on further cooperation in joint projects, LDz spokeswoman Ella Petermane reported.

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University of Latvia ranked 801st to 1,000th in World University Rankings

LSM.LV | Sep 13, 2019

The University of Latvia has been ranked from 801 to 1,000 in the Times Higher Education World University Rankings 2020 research.

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Latvian central bank becomes house of the rising sun

LSM.LV | Sep 12, 2019

There is a house in New Orleans they call The Rising Sun... and there's another one in Rīga they call the Latvian central bank (Latvijas Banka, LB).

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President leaves for UN General Assembly to discuss security and climate change

DELFI EN | Sep 22, 2019

Lithuanian President Gitanas Nauseda is leaving for New York on Sunday to attend the UN General Assembly session expected to focus on security and climate change.

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Lithuanians shop online more than Latvians, Estonians

DELFI EN | Sep 20, 2019

The Lithuanians shop online more than the Latvians and Estonians, a new survey by the SEB bank shows, with people in Lithuania often choosing local online stores.

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Lithuania Survey of Foreign Exchange and Derivatives Market Activity in 2019

Bank of Lithuania | Sep 20, 2019

The year 2019 marked the sixth time the Bank of Lithuania participated in the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity launched by the Bank for International Settlements (BIS).

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Freight volumes up 7.6% in Lithuania in 2019

BC, Vilnius | Sep 20, 2019

80.847 mln tons of freight was transported in Lithuania by all means of transport in the first half of this year, up 7.6 mln from January-June, 2018, Lithuania's statistics office, Statistics Lithuania.

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Startup begins selling bitcoin vouchers in part of Lithuanian convenience stores, kiosks

Xinhua | Sep 18, 2019

A startup in Lithuania started selling bitcoin vouchers on Tuesday via a chain of convenience stores and kiosks.

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Poland and Lithuania see Nord Stream 2 as threat to energy security

National Post | Sep 17, 2019

Polish Prime Minister Mateusz Morawiecki said on Tuesday that Poland and Lithuania consider the Nord Stream 2 gas pipeline project a threat to energy security in central and eastern Europe.

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BaltCap might be involved in stadium construction in Vilnius

DELFI EN | Sep 16, 2019

Axis Industries, the potential builder of Lithuania's national stadium in Vilnius, has proposed to the Vilnius authorities to get BaltCap, the largest private equity fund manager in the Baltic states, involved in the funding of the project.

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Vilnius unveils latest additions to Open Gallery

Emerging Europe | Sep 14, 2019

Dutch duo Telmo Miel, as well as up-and-coming Lithuanian artist Eglė Žvirblytė, are just some of the latest creators to add murals to the increasingly essential Open Gallery in Vilnius.

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Oscars: Lithuania Selects 'Bridges of Time' for International Feature Category

The Hollywood Reporter | Sep 14, 2019

Lithuania has selected Laiko tiltai (Bridges of Time) by Kristine Briede and Audrius Stonys as its submission for consideration in the best international feature film category at the 2020 Oscars.

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Pennsylvania Guard to help Lithuanian army to develop division-level HQ

TBT | Sep 13, 2019

Representatives of the Lithuanian Land Force and the 28th Infantry Division (28ID) of the Pennsylvania Army National Guard and subordinate units are set to sign an agreement in Vilnius on Friday on the development of a division-level command and control (C2) capability.

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Dutch chain eyes Lithuania

DELFI EN | Sep 13, 2019

Dutch retail chain Spar International has registered two brands, Eurospar and Interspar, in Lithuania, the vz.lt news website reports.

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The Baltic American Chamber of Commerce (BACC) is a membership based organization for business facilitation between the U.S. and the Baltic States (Estonia, Latvia and Lithuania).  


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