EU – Baltic States

International Internet Magazine. Baltic States news & analytics Wednesday, 27.05.2020, 05:30

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Bolt raises EUR 100 mln from Naya Capital Management

Bolt raises EUR 100 mln from Naya Capital Management

26.05.2020

Transport company Bolt has raised 100 million euros from London-based global investment manager Naya Capital Management to continue expanding its service in Europe and Africa, reports LETA/BNS.

Keyword tags: Estonia, EU – Baltic States, Good for Business, Investments, Transport



Turnover of Latvia's Diana Sveces drops 11% in 2019

Turnover of Latvia's Diana Sveces drops 11% in 2019

26.05.2020

Latvia's Diana Sveces candle maker closed 2019 with EUR 10.48 million in annual turnover, down 11% from a year before, while its profit contracted 37.5% to EUR 336,903, writes LETA, according to the company's report available at Firmas.lv.

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

26.05.2020

The Nordic and Baltic economies will be hard hit by the Covid-19-induced shock due to their small size and relative openness. Strong economic fundamentals and a timely reaction to the health crisis ensure that the countries are in an advantageous position to take on the challenge. The crisis gives a chance to push for bolder and greener policies, as well as advance reforms aimed at streamlining the growing public sector and further tailoring the economy and human capital to the digital post-corona world.


McDonald's in Baltics, Greece, Malta and Romania posted EUR 28 mln in profit in 2019

McDonald's in Baltics, Greece, Malta and Romania posted EUR 28 mln in profit in 2019

26.05.2020

Premier Capital, the developmental licencee for McDonald's in the Baltic countries, Greece, Malta and Romania, achieved EUR 341 million in turnover last year, which is 16.2% more than in 2019, as LETA learned from the company.

Covid-19 Latvia: Center for Disease Prevention and Control advises against restarting air travel with 6 European countrie

Covid-19 Latvia: Center for Disease Prevention and Control advises against restarting air travel with 6 European countrie

26.05.2020

In member states of the European Union (EU) and European Economic Area (EEA), as well as several other countries the cumulative 14-day incidence of Covid-19 is above 25 recorded cases per 100,000 residents, which means that Latvia should not restart air travel with these countries, according to estimates by the Center for Disease Prevention and Control informed LETA,


26.05.2020

Shareholders of Lithuania’s Litgrid approve contract with Poland’s PSE over Harmony Link

The shareholders of Litgrid, Lithuania’s power transmission system operator, on Monday approved an agreement with Poland’s operator PSE setting out the terms and conditions for the implementation of Harmony Link, an approximately 680 mln euros worth project on the construction of a submarine cable between Lithuania and Poland, informed LETA/BNS.

26.05.2020

Wizz Air to resume flights from Vilnius to Oslo on Wed

Hungary’s budget carrier Wizz Air will on Wednesday resume regular flights between Vilnius and Oslo, reported LETA/BNS.

25.05.2020

Foreign tourists spend EUR 37 mln less in Estonia in Q1

The number of foreign tourists that visited Estonia during the first quarter of 2020 was smaller by 21% than in the same quarter of 2019 and the tourists spent 184 million euros in Estonia, 37 million euros less than in the first quarter of last year, informs LETA/BNS.

25.05.2020

Lithuanian Railways comes under fire for electrification tender, winner's reputation

The actions of Lietuvos Gelezinkeliai (Lithuanian Railways, LG), Lithuania's state-owned railway company, have led to the delay and increase in the price of the railway electrification project, and the reputation of the tender's winner, a Spanish company, is raising doubt, according to the summary of an internal audit abstract published on May 25th, informs LETA/BNS.

25.05.2020

Poland reenables passenger transit

Poland has re-opened its borders to allow passenger transit for people travelling to their countries of residence, LETA found out from the Foreign Ministry.

22.05.2020

In Q1, number of guests at Lithuanian hotels fell by 21%

In I quarter 2020, accommodation establishments in Lithuania accommodated 527.9 thousand tourists, or by 21% less than in the same period of 2019.

22.05.2020

In Q1, Latvian unemployment rate constituted 7.4%

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2020 Latvian unemployment rate comprised 7.4%. Compared to the previous quarter, rate of unemployment has risen by 1.4 percentage points, but during a year – by 0.5 percentage points.

22.05.2020

Managing COVID-19: additional support for science and innovation

To succeed against the coronavirus, the states must see the socio-economic aspects and the most optimal ways in using available funds, explore modern technological solutions, first of all to monitor the spread of diseases and provide a better care for patients. These means, secondly, use of numerous digital solutions and technologies’ applications, e.g. telemedicine, open data, AI, robotics, and photonics.

21.05.2020

airBaltic gets permission to fly from Riga to Amsterdam, Hamburg, Vienna and Dusseldorf

Latvia's airBaltic national carrier has received special permission from the Transport Ministry to restart direct flights from Riga to Amsterdam, Hamburg, Vienna and Dusseldorf, Transport Minister Talis Linkaits (New Conservative Party) told LETA.

21.05.2020

EU Commission: Lithuania has to focus investments on green and digital transition

he European Commission recommends that Lithuania focus its future investments on the green and digital transition, informs LETA/BNS.

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