Baltic States
Lithuanian central bank issues banking licence to fast-growing fintech company Revolut
Revolut will now be able to offer banking services such as current accounts, loans and overdrafts, as it aims to hike customer numbers to 100mn within the next five years.
High tech investment the answer to CEE’s labour crisis
As labour markets tighten across CEE, economists say the best outcome for the region is for companies to respond to worker shortages by investing into new technologies.
Third attempt to form Latvian government collapses
President Raimonds Vejonis withdrew his nomination of Aldis Gobzems as Latvia’s next prime minister after two weeks of coalition talks between five parties boiled down to nothing.
Latvia’s industrial production falls for second consecutive month in October
Output fell for the second time in a row and the third time overall this year, slightly increasing worries of a slowdown in the industrial sector that could impede economic growth in the fourth quarter.
Estonian industrial production growth weakens in October
The 1.7% y/y expansion rate marks a slowdown of 0.6pp compared to the sector’s performance in September. Still, output has now grown for 28 months straight in Estonian industry.