Baltic States

Latvian central bank says COVID-19 changed people's payment habits significantly

Linas Jegelevicius in Vilnius September 24, 2020

The share of non-cash payments in the total volume of payments is gradually increasing.

Fintech giant Revolut moves business customers to Lithuania ahead of Brexit

Linas Jegelevicius in Vilnius September 23, 2020

Move will ensure Revolut can continue to serve its non-UK customers and hedge against a no trade-deal Brexit.

Lithuania's bullish Ignitis Grupe sets IPO price range valuing company at up to €2.1bn

Linas Jegelevicius in Vilnius September 21, 2020

State-run energy group has set a price range of €22.5-€28 for its shares and global depository receipts for the upcoming IPO in Vilnius and London.

Leaked documents expose fat cat oligarchs’ extensive links to Latvian banks

Linas Jegelevicius in Vilnius September 21, 2020

Leaked documents reveal US banks eyed with suspicion transactions totalling at least $7.6bn wired through Latvian banks between 2006 and 2017.

US’ Dexcom to open services centre in Vilnius in 2021

bne IntelliNews September 15, 2020

Medical technology company Dexcom's new global business services centre will support its operations and customers across EMEA.

Lithuania’s exports decreased by 8.2%, imports by 13.6% y/y in 1H20

Linas Jegelevicius in Vilnius September 13, 2020

Lithuania’s exports amounted to €2.33bn and imports to €2.50bn in July.

Croatia had second-deepest GDP contraction across the EU in 2Q20

bne IntelliNews September 8, 2020

Tourism-dependent Spain and Croatia were worst hit by the coronacrisis among EU members while the Baltic and Nordic countries were least affected, Eurostat finds.

Lukashenko’s crackdown leads to exodus of IT professionals

Ben Aris in Berlin September 4, 2020

The restart of Belarus' self-appointed President Alexander Lukashenko's brutal crackdown on protesters has led to a growing exodus of IT professionals that will destroy one of the country’s most successful sectors.

Lithuanians saving more, borrowing less

bne IntelliNews August 30, 2020

Deposits of Lithuanian residents continued to grow at a rapid pace in July, while loans to residents decreased.

The robot will help you now

Clare Nuttall in Glasgow August 29, 2020

Robot grocery deliveries, checkout-free stores and facial recognition payments are some of the technologies coming out of CEE as retail goes contactless.

Lukashenko to impose sanctions on Lithuania and Poland as the Belarusian women get ready to march in protest

Ben Aris in Berlin, Linas Jegelevicius in Vilnius August 28, 2020

Belarus' self-appointed president Alexander Lukashenko threatened to impose sanctions on Lithuania and Poland and block the transit of goods in reprisal for sanctions the two countries have already imposed on him.