Baltic States

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.

Estonia’s industrial production remains depressed by COVID-19 in May

bne IntelliNews July 5, 2020

May marked the twelfth consecutive month of falling industrial output in the Baltic state. The coronavirus (COVID-19) pandemic has clearly been the chief driver of the decline since March.

Bank of Lithuania to become first eurozone bank to issue digital coin

bne IntelliNews July 2, 2020

The Lithuanian central bank was one of many to be looking at how they might issue their own digital currencies as the use of cash declines – a process speeded up by the COVID-19 pandemic.

Payment platform Paysera enters Kosovan market

bne IntelliNews June 30, 2020

Paysera Kosovo obtains the country's first Electronic Money Institution (EMI) licence, plans to cut cost of money transfers between Kosovo and EU countries.

Economic sentiment in CEE picks up in June, but still deeply depressed

bne IntelliNews June 29, 2020

The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds

Illicit cigarette consumption declines in eastern EU states

Clare Nuttall in Glasgow June 20, 2020

KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.