Estonian Port of Tallinn council approved long-term strategy which sets a goal of almost doubling revenues to EUR 160mn in 2020, with EUR 80mn pre-tax profit. The company plans to invest EUR 292mn in the following 8 years, with total company’s assets value at EUR 680mn as of end-2020. The strategy estimates for goods volume to increase by 46% comparing to 2012 till end of 2020 to 43.2mn tonnes. Number of passengers in the port would increase by 20.7% from 2012 figures to 10.7mn passengers in 2020.
Former depositors of now insolvent Latvia’s AS PNB Banka who have yet to resolve any legal claims have been reminded of a looming deadline by the regulator, the Latvian central bank, Latvijas Banka ... more
Only five out of 24 Baltic banks commit to net-zero, and the rest need to step up, argue Vaida Arlauskaitė and Monika Aleksiejute-Jonusauskiene of the consultancy Viridis Sustainability, LRT.lt, the ... more
SEB Pank, Estonia's second largest commercial bank, finished 2023 with a profit of €231.7mn, similarly to Swedbank which more than doubled its profits against last year from €115.9mn, ERR.ee, the ... more