According to economic survey performed by SEB Bank, Latvian banks with a share of 40% had the biggest weight in total assets of commercial banks of Lithuania, Latvia and Estonia as of end of May 2010. Total Baltic States banks' assets amounted to EUR 76.04bn as of end of May, flat m/m. Assets of Latvian banks amounted to EUR 30.63bn or 40% of total banks' assets, while assets of Estonian and Lithuanian banks were EUR 25.17bn and EUR 20.24bn respectively.
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Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more