Baltic States
Estonian ride sharing company Bolt enters food delivery business
Uber-rival Bolt to launch initially in Tallinn but plans international expansion in 2019 and 2020 as it targets the already crowded food delivery market.
ECB shuts down troubled Latvian lender PNB Banka
The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.
Estonia-based EstateGuru to carve out up to €5bn of expanding alternative real estate financing market
Co-founder of P2P lending platform believes real estate financing via digital platforms will increase to €75.6bn by 2025.
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Estonian coalition agrees on pension reform bill
The new pension scheme would allow people to opt out of the second pillar or suspend payments from 2020, which the IMF warns will increase the burden on future generations and lead to people cashing out their savings.
Lithuanian PPI index goes deeper into deflation territory in July
The indicator doubled its fall rate after going into negative territory for the first time since 2016 in June.
Estonian inflation eases to 2.1% y/y in July
Price growth eased 0.3pp versus the annual CPI change recorded in June, meaning index has stayed in positive territory for three consecutive years now.
Estonian industrial production contracts 3.8% y/y in June
The reading marks a return to a patchy performance, pointing to an economic slowdown this year.