Baltic States

Lithuanian telecom giant’s market value surges past €1bn after 5G launch

bne IntelliNews November 23, 2020

Telia Lietuva's stock began to rise after the company announced on November 10 that it was the first in Lithuania to start testing 11 5G base stations in the city centres of Vilnius, Kaunas and Klaipeda.

Czech companies dominate this year’s Deloitte Technology Fast 50 CE

bne IntelliNews November 19, 2020

A record 21 Czech companies made it into the ranking of the region’s fastest growing tech businesses.

UK fintech DiPocket sets up CEE base in Lithuania

bne IntelliNews November 16, 2020

Lithuania has been lately hailed as a haven for fintech firms that are seeking expansion or relocating due to Brexit.

Estonia’s Bolt to invest €100mn in rental services in 2021

bne IntelliNews November 12, 2020

Maverick Estonian transport company Bolt announced it will expand its light-duty electric vehicle rental service to 100 European cities and bring 130,000 electric scooters and bicycles to the streets in 2021.

Estonia seeks observer status on Arctic Council with e-Arctic idea in mind

bne IntelliNews November 9, 2020

Estonia wants to use its experience of creating a digital society to help polar communities adopt efficient and secure digital solutions.

Estonia's far-right interior minister resigns after questioning Biden's election win

Linas Jegelevicius in Vilnius November 9, 2020

Interior Minister Mart Helme stepped down after a vicious verbal attack on US president-elect Biden, condemned by top politicians as damaging Estonia’s relations with the US, a crucial ally.

CEE Banking Sectors: In crisis and recovery mode at the same time

Gunter Deuber of Raiffeisen Research in Vienna November 6, 2020

There is positive news for all Central and Eastern Europe (CEE) commercial bankers, market observers and investment bankers. The fresh 2020 CEE Banking Report by Raiffeisen Research paints an encouraging picture of banking in CEE.

Latvia reports 313 COVID-19 cases, state of emergency to be declared

bne IntelliNews November 6, 2020

Prime Minister Krisjanis Kariņs says tougher measures are needed as record new cases reported.

Smart Estonian bus makes rounds in Greece’s Lamia

Linas Jegelevicius in Vilnius November 5, 2020

The self-driving Estonia-made smart bus Iseauto, which last summer served passengers in Tallinn City, has started operating in the Greek city of Lamia.

Rising COVID-19 cases put intense pressure on CEE healthcare systems

bne IntelliNews November 5, 2020

New restrictions imposed in countries struggling with a vicious second wave of the pandemic.

Estonian cleantech startup Skeleton Technologies raises €41.3mn

Linas Jegelevicius in Vilnius November 3, 2020

Skeleton to take on Tesla with superbattery to make electric cars faster to charge and cheaper to run.

Estonia's retail turnover up 6% y/y in September

bne IntelliNews October 30, 2020

Turnover rose strongly in specialised stores selling computers and their accessories, books, sports equipment, games, toys, flowers and other items.

Latvia’s retail trade turnover grew by 5.9% y/y in September 2020

bne IntelliNews October 29, 2020

Biggest increase was in automotive fuel sales, up by 13.4%.

Latvia’s 3Q20 GDP fell by 3.1% y/y

bne IntelliNews October 29, 2020

GDP down in annual terms but increased by 6.6% on second quarter as economy started post-lockdown recovery.

UK Curve sets up office in Vilnius as Brexit transition nears end

bne IntelliNews October 28, 2020

New Lithuanian office and local subsidiary to help Curve's Brexit-wary and weary European customers to prepare for the end of the Brexit transition period.

Lithuania's first tech unicorn Vinted takes over Dutch competitor United Wardrobe

bne IntelliNews October 27, 2020

The merged group will bring together over 34mn users in Europe, which will help accelerate its expansion into new markets.

Lithuania's conservative HU-LCD wins general election, agrees coalition with two liberal parties

Linas Jegelevicius in Vilnius October 26, 2020

Leaders of HU-LCD, Liberal Movement and Freedom Party issued a joint declaration on their determination to form a government led by Ingrida Simonyte.

Three-year-old Riga-based fintech firm posts enviable €100mn turnover

bne IntelliNews October 25, 2020

Sun Finance has reported a record-high turnover of €101.5mn for 2019, and expects a strong 2020 despite the pandemic.