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Highlights


Uber Rival Bolt Launches Food-Delivery, Starting With Estonia

Bloomberg | Aug 21, 2019

Bolt, the ride-hailing service formerly known as Taxify, said it has begun operating a food-delivery business in its native Estonia, and will launch in other European and African countries next year.

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Fund Manager With $7 Billion Is Raising Stakes in Swedish Banks

Bloomberg | Aug 20, 2019

Carnegie Fonder, which has about 70 billion kronor ($7 billion) under management, is brushing off recession worries and raising its stakes in Swedish banks.

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Latvia’s Piena Cels, Estonian cooperative to invest EUR 100 mln in new dairy plant

BC, Tallinn | Aug 20, 2019

Latvian dairy cooperative Piena Cels plans to team up with Estonian cooperative E-Piim and invest EUR 100 mln in a new dairy plant in Estonia for processing milk supplied by Latvian and Estonian farmers.

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Finns use digital prescription in Estonia over 3,600 times

ERR News | Aug 20, 2019

Finns have been able to buy drugs in Estonia based on a digital prescription since late January this year, and so far have made use of this option on 3,664 occasions.

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Estonia: Elron to buy dual system electric trains instead of hybrid trains

BC, Tallinn | Aug 19, 2019

AS Eesti Liinirongid, the state-owed Estonian passenger train company operating under the Elron brand, is in great probability about to acquire new trains capable us using two power supply systems instead of diesel-electric hybrid trains.

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Estonia: IT infrastructure of schools to be updated with help of EUR 8.27 mln

TBT | Aug 17, 2019

TALLINN - By 2022, all IT infrastructure of Estonian general education and vocational schools will be renovated -- the updating of the schools' internal networks will be supported with 8.27 million euros.

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Amazon’s Estonian subsidiary veiled in secret

Postimees | Aug 16, 2019

The US retail giant Amazon established approximately a month ago its Estonian subsidiary Amazon Data Services Estonia OÜ, which leads to a conclusion that the concern plans to set up a data center here or offer cloud services. But the world’s largest online department store keeps its activities under a veil of secrecy.

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Riga Airport plans to service 7.5 mln passengers this year

BC, Riga | Aug 21, 2019

Passenger turnover at Riga International Airport could reach 7.5 mln this year.

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Government launches "zero bureaucracy" drive

LSM.LV | Aug 20, 2019

Latvia's government declared war on red tape and unnecessary paperwork August 20 with the launch of what it is calling a "zero bureacracy" initiative.

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Latvian Brain Games expands and acquires Lithuanian company New Media Publishing

BC, Riga | Aug 20, 2019

Latvia’s board games company Brain Games has acquired New Media Publishing, a Lithuanian wholesaler and retailer of board games, puzzles and toys.

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H&M Home has now opened in Galleria Riga

BC, Riga | Aug 19, 2019

H&M have updated the concept to a new level and are now also selling furniture and opening stand-alone H&M Home store.

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In case of no-deal Brexit, Latvia's payments into EU budget would increase by EUR 23.27 million

TBT | Aug 18, 2019

In case of a no-deal Brexit, Latvia's payments into the European Union budget could increase by about EUR 23.27 million, according to report from the Finance Ministry submitted to the Cabinet of Ministers.

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Client guarantees to PNB Banka clients to begin to be paid out from August 22

TBT | Aug 18, 2018

RIGA - Client guarantees of up to EUR 100,000 will be paid out to the clients of the now suspended PNB Banka from August 22, Financial Capital and Markets Commission (FKTK) spokeswoman Jelena Lebedeva said today.

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Nauseda raises idea of EU coordinator for Baltic synchronization

DELFI EN | Aug 20, 2019

During his visit to Tallinn, Lithuanian President Gitanas Nauseda on Tuesday proposed establishing the position of a special EU coordinator for the disconnection of the Baltic states' power systems from the post-Soviet and its synchronization of that of Western Europe.

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Creating a RegTech solution: 3 stages

Bank of Lithuania | Aug 19, 2019

The Bank of Lithuania invites financial innovators to participate in the creation of a RegTech solution which would allow the supervisor to automatically obtain data required for supervisory purposes, thus reducing the administrative burden for market participants.

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Finland seeks Lithuanian talents: country lets to experience local life

DELFI EN | Aug 18, 2019

Next week (19-24 Aug.), five international talents will visit Finland. The winners are from Singapore, Lithuania, Latvia, India and Albania and were selected from more than a thousand applicants. They will visit with their families and explore daily life, work and free time activities in Turku Region, announces Turku Business Region in a press release.

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Lithuanian president, in meeting with Steinmeier, stresses need for EU-US dialogue

TBT | Aug 16, 2019

Lithuanian President Gitanas Nauseda underlined the need for the European Union to step up dialogue with the United States during his meeting with German President Frank-Walter Steinmeier in Berlin on Thursday.

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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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