Baltic States

ViennEast Compass: CESEE outlook, planning for new normal

Marcus How of Vienneast in Vienna August 3, 2020

There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.

Estonia’s e-residency starts making money

Linas Jegelevicius in Vilnius July 29, 2020

Estonia's e-residency programme, which continued its strong growth even during the coronavirus emergency situation, has earned the state €41mn since its launch.

Lithuania’s Ignitis to invest €950mn in green energy in Baltics, Poland

Linas Jegelevicius in Vilnius July 28, 2020

Ignitis considering investments into wind, solar, hydro, waste and biomass powered plants. Company strategy calls for achieving carbon neutrality by 2050,

Fat cats: new study shows corruption can be measured in kilos

bne IntelliNews July 28, 2020

A new study finds that the more overweight the politicians in a government from the former Soviet Union are, the more likely that government is to be corrupt.

Fintech sector comprises one fifth of all Latvian startups

Linas Jegelevicius in Vilnius July 25, 2020

Despite the situation with COVID-19, most of the surveyed startups are planning significant growth, and 88% plan to attract new employees in the near future, new survey shows.

Bank of Lithuania issues the world’s first digital collector coin

bne IntelliNews July 24, 2020

LBCOIN is not only the first digital coin issued by a central bank in the euro area, but also across the world.

EU leaders strike deal on post-coronavirus stimulus plan

bne IntelliNews July 21, 2020

European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks. 

EU to support Rail Baltica with €184mn from Connecting Europe Facility

Linas Jegelevicius in Vilnius July 16, 2020

The EU is supporting the economic recovery in all member states by injecting almost €2.2bn into 140 key transport projects, including the Baltics’ two premier Rail Baltic railway projects.

BALTIC BLOG: Estonian Al law lags behind self-driving vehicles

Linas Jegelevicius in Vilnius July 15, 2020

A collision between a passenger vehicle and a self-driving bus in the Estonian capital puzzled the local transportation authority, which was suddenly faced with the questions of how to regulate driverless AI-based traffic and avoid accidents.

European Commission approves merger of Poland’s PKN Orlen with peer Grupa Lotos

Wojciech Kosc in Warsaw July 14, 2020

Poland's two refining companies to merge to create a “multinational company with a global reach”, government officials say. PKN Orlen lines up its next merger, with oil and gas company PGNiG.

Skype co-founder Toivo Annus dies suddenly at the age of 48

Linas Jegelevicius July 14, 2020

Prominent Estonian entrepreneur and engineer died suddenly of an unexpected illness.

Lithuania’s LG to buy €200mn of new trains as Rail Baltica picks up steam

Linas Jegelevicius July 14, 2020

Need to modernise its fleet to meet modern passenger requirements as well as progress with international EU-supported railway project Rail Baltica prompted Lietuvos Gelezinkeliai to act.

Lithuanian PPI deflation eases to -11.4% y/y in June

bne IntelliNews July 12, 2020

June was the fifth consecutive month of PPI deflation after factory gate prices decreased 16.4% y/y in May.