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Highlights


Estonia ranked 11th in 2019 World Press Freedom Index

ERR News | Apr 18, 2019

In the annual ranking by Reporters Without Borders, Estonia was assigned 11th place this year.

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EU states force clearing of Estonian, Danish regulators over Danske Bank

WHTC | Apr 17, 2019

National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday.

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EU-U.S. Trade: Commission welcomes Council's green light to start negotiations with the United States

Europe.eu | Apr 15, 2019

The European Commission welcomes today's decision by the Council to adopt the negotiating directives for trade talks with the United States, thus continuing to deliver on the implementation of the Joint Statement agreed by Presidents Juncker and Trump in July 2018.

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Estonian experts to assist Georgia in assessing educational quality

BNS/TBT | Apr 15, 2019

The Estonian Quality Agency for Higher and Vocational Education (EKKA) of the Archimedes Foundation and the German Academic Exchange Service are to work jointly in updating the external evaluation processes in higher, vocational and general education as well as refresher training in Georgia.

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Producers: Oil refinery would help meet stricter sulfur requirements

ERR News | Apr 15, 2019

Estonian shale oil producers plan to build an oil pre-refining plant in Northeastern Estonia worth an estimated several hundred million euros with the help of the state, as increasingly strict sulfur content regulations may jeopardise the suitability of the oil produced in Estonia for sale on the global market in the future, daily Postimees reports.

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Introducing Forbes Blockchain 50

Forbes | Apr 16, 2019

With assistance from industry consultants and other experts, Forbes' team of reporters and editors identified more than 100 big companies actively exploring blockchain through industry consortiums and other proprietary projects. Our new list features 50—with minimum revenues or valuations of $1 billion, and U.S. operations— that are currently leading the way in adapting decentralized ledgers to their operating needs. Find out more


Merko Ehitus to build Laima chocolate factory in Latvia for EUR 8.9 mln

TBT | Apr 18, 2019

SIA Merks, part of the listed Estonian builder Merko Ehitus, has entered into a construction contract with SIA Orkla Confectionery & Snacks Latvija for the new Laima chocolate factory construction works in Latvia, Adazi county, Birznieki.

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Pro Kapital to invest over EUR 100 mln in Latvian projects

BC | Apr 16, 2019

Listed real estate developer Pro Kapital Grupp is planning to invest more than 100 million euros in project development in Latvia in the coming years.

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Merkel Opens Baltic Wind Park, But Her Reputation on Climate Remains Tarnished

Bloomberg | Apr 16, 2019

Angela Merkel will leave Brexit worries by the shoreline as she cuts the opening ribbon on a giant wind farm out in the Baltic Sea, a move that will do little to gloss over her tarnished reputation as Germany’s climate chancellor.

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Tele2 mobile phone operator achieved highest download speed in Latvia last year - Public Utilities Commission

BC, Riga | Apr 15, 2019

The average download speed in mobile phone operator Tele2's 4G network was 45.68 megabits per second last year, according to the Public Utilities Commission's data.

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75% of EU funding available to Latvia invested in various projects

LETA/TBT | Apr 14, 2019

So far, 75 percent of the EU funding available to Latvia in this programming period have been invested in various projects, according to the Finance Ministry’s report on the absorption of EU funds.

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These 3D-printed Casts From Latvia Could Be The Future Of Healthcare

Forbes | Apr 14, 2019

For many, healing fractures has meant submitting to a heavy and uncomfortable plaster cast designed to protect and hold broken bones tight. However, two Latvian entrepreneurs, Sigvards Krongorns and Janis Olins are on a mission to change that. Their startup, CastPrint, uses 3D printing to create personalised, lightweight casts, with a plastic web to encase and support broken bones.

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Rating agency Fitch retains upbeat view of Latvia

LSM.LV | Apr 14, 2019

The Fitch ratings agency said April 12 it affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, citing "solid public finances, as well as institutional strengths and a credible policy framework that come with EU and eurozone membership."

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Lithuania 'consulting' UK banking watching about Revolut after press reports

Yahoo Finance | Apr 18, 2019

The Bank of Lithuania has made inquiries with the UK’s Financial Conduct Authority about UK fintech “unicorn” Revolut, after issues were raised in the press.

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Foreign start-ups are increasingly choosing Lithuania

Enterprise Lithuania | Apr 17, 2019

From smart mattresses that help tracking and improving sleep quality to production of green energy – foreign start-ups with such innovative ideas are becoming increasingly bold in choosing Lithuania for the development of their business. During the first three months of this year alone 45 foreign nationals were granted permission to develop 18 innovative businesses in Lithuania through Startup Visa program.

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A major step for global ATM protection: BS/2 become an official S&G distributor

TBT | Apr 16, 2019

BS/2 banking technologies company of Penki Kontinentai Group have signed a partnership agreement with the international lock and security company Sargent and Greenleaf (S&G). The new contract will allow the two companies to join forces in providing a new level of ATM security.

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ECB Officials Lack Enthusiasm for Sub-Zero Tiering

Bloomberg | Apr 16, 2019

European Central Bank officials lack enthusiasm for any revamp of their negative-interest rate tool and some doubt it will actually happen when an analysis of the policy is completed, according to people with knowledge of the matter.

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IKEA to create digital development team in Vilnius

BC, Vilnius | Apr 15, 2019

The franchise holder for IKEA in the Baltic countries and Iceland is about to establish a digital development team in the Lithuanian capital Vilnius to speed up digital transition for the company in Estonia, Latvia, Lithuania and Iceland.

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Poland's Laude sets up business in Lithuania's Kaunas

BC, Vilnius | Apr 12, 2019

Polish transport and logistics company Laude is setting up its business in Lithuania's second-largest city of Kaunas and has established a new company, Laude Baltica. 

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US pharmaceutical giant McKesson setting up service center in Vilnius

TBT | Apr 11, 2019

US-based pharmaceutical giant McKesson is setting up a service center in Vilnius.

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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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