International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:24
In the ever-growing European alternative finance market, Lithuania - together with other Baltic countries - shows peculiarly favourable results among the crowdlending operators.
Keyword tags: Financial Services, Lithuania, Technology
The state-owned Latvian airline airBaltic carried over 70,000 passengers on direct flights departing from Tallinn during the first two months of 2019, 34% more than in January and February 2018, informed aircompany.
Regardless of the weakening external demand and a decline in exports of agricultural products, the goods and services balance recorded a minimum surplus in the fourth quarter of 2018. This was largely supported by a sustainable services trade balance and slower growing imports of goods.
Luminor, one of Lithuania's biggest banks, on Tuesday raised its forecasts for the country's GDP growth to 3% in 2019 and 2.8% in 2020, informed LETA/BNS.
The Estonian transmission system operator Elering and the European Commission are about to sign a financing agreement on Tuesday on raising over 140 mln euros from Connecting Europe Facility (CEF) in co-financing for the first stage of the synchronization of the Estonian electricity system with that of Continental Europe, informed LETA/BNS.
Estonia's economic growth this year is forecast to be smaller than 3 %, while rapid wage growth is expected to attract growing numbers of foreign workforce, the latest economic forecast by Luminor says LETA/BNS.
Electricity market prices fell across the Baltic region last week, to 41.88 euros per megawatt-hour (MWh) in both Lithuania and Latvia, down by 1% and 2%, respectively, and to 42.01 euros in Estonia, down by 1%, Elektrum Lietuva said LETA/BNS.