Baltic States

Southeast Europeans most likely in EU to believe corruption is getting worse

bne IntelliNews June 16, 2021

Transparency International survey shows citizens of Slovenia and Bulgaria were most likely to think their government was run by a few big interests looking out for themselves.

Lukashenko pushing illegal Iraqi refugees over the border into Lithuania

bne IntelliNews June 13, 2021

Belarus' President Alexander Lukashenko is transporting Iraqi immigrants to Minsk and helping them illegally cross the border into Lithuania, as he makes good on a threat to “flood the EU with drugs and refugees.”

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

Latvian annual inflation leapt to 2.6% in May

Linas Jegelevicius in Vilnius June 9, 2021

Inflation expected to rise further as price pressures mount.

Lithuania's central bank revokes Finolita Unio's license

bne IntelliNews June 9, 2021

Fintech punished for channelling around €100mn from Wirecard weeks before it collapsed.

bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects

Richard June 6, 2021

The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.

Online fashion retailer Zalando launches platforms in Slovenia, Slovakia and Lithuania

bne IntelliNews June 2, 2021

Berlin-based retailer starts CEE expansion drive with plans to enter eight new markets by end-2022.

Lithuania wins from Belarus plane bans, Latvia loses

Linas Jegelevicius in Vilnius May 28, 2021

You win some. You lose some. That’s how it has been for the leading Baltic airlines after Europe banned overflights of Belarusian airspace and blocked the country’s national carrier Belavia from using many EU landing rights.

Lithuania's sole tech unicorn Vinted expands to Canada

bne IntelliNews May 26, 2021

Thomas Plantenga says Canada is a "great fit" for the second-hand clothing platform as interest in the circular economy grows.

Bullish Printful first in Latvia to claim unicorn status

bne IntelliNews May 24, 2021

Printful is an on-demand printing and warehousing company that has achieved rapid growth in recent years.

DATACRUNCH: the bne car ownership/age index

bne IntelliNews May 16, 2021

bne IntelliNews has introduced a new index, the bne Car Ownership/Age index (bneCOR), that cuts through the contradictions and paints a much clearer picture of just how far the middle class has come in each country.

LONG READ: The first thing the emerging middle classes of New Europe do is buy a better car

bne IntelliNews May 14, 2021

A middle class is emerging in New Europe but to get a handle on how far the process has gone and what the differences are between each country bne IntelliNews took a look at the icon of middle-class status: car ownership.

Baltic states want to ensure the golden goose keeps producing unicorns

Linas Jegelevicius in Vilnius May 5, 2021

Lithuania is starting to catch up with Estonia in terms of startups but the small size of the local talent pools is acting as a constraint.

Willingness to be vaccinated rises sharply in Emerging Europe

Robert Anderson in Prague April 29, 2021

However, in most countries the numbers of those vaccinated or willing to be vaccinated are still less than 70%, with Southeast Europe closer to 40%.

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Mid Europa builds cross-Baltic e-shopping platform

bne IntelliNews April 1, 2021

Buyout group that owns Poland's Allegro agrees to acquire Pigu and merge it with Hobby Hall.