• February 22, 2026
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FinancialNews

Bigbank grants loan to real estate company

Bigbank has granted a loan of EUR 5.3 million to the Lithuanian real estate development company Kaita Group, representatives of the bank have told the LETA news agency. The Kaita [..]

SEB announces plans to merge banks in Baltic States

The SEB Bank is merging its three Baltic banks into one, bank representatives have told the LETA News Agency. The head office will be in Estonia with branches in Latvia [..]

Volkswagen owner Porsche SE expects billions of euros in write-downs

Volkswagen holding company Porsche SE will probably have to write down billions of euros on its investments in VW and the sports car manufacturer Porsche AG. Volkswagen holding company Porsche [..]

Citadele Bank ratings upgrade

Moody’s Ratings has announced that it is upgrading Citadele Bank’s ratings to a stable outlook, the Baltic-based bank said on Friday. Citadele’s long-term deposit ratings were raised to “Baa1” from [..]

Tax debts in Latvia reach EUR 868 million

Tax debt in Latvia at the beginning of November 2024 totalled EUR 858.006 million, which was 0.5% more than in October and 0.5% less than at the beginning of the [..]

Luminor upgrades Lithuania’s GDP growth forecast for 2024 to 2.4 pct

Luminor Bank has upgraded its forecast for Lithuania’s economic growth and now expects the country’s GDP to grow by 2.4 percent this year, up from its March projection of 2 [..]

Swedbank: Wage growth in Estonia to slow significantly this year

Swedbank estimates that wage growth in Estonia will slow down significantly this year, as the demand for labor has decreased and the poorer economic situation of businesses does not allow [..]

Economic adviser: Claims of Estonia joining EU’s most expensive countries incorrect

The assertion by the Estonian Institute of Economic Research (EKI) that Estonia is moving towards becoming one of the five most expensive countries in Europe is inaccurate, according to the [..]

S&P reaffirms Lithuania’s Maxima Group’s credit rating

S&P Global Ratings has reaffirmed a BB+ credit rating with a stable outlook for Lithuania’s Maxima Group, the biggest retail group in the Baltics, owned by Nerjus Numa’s Vilniaus Prekyba [..]

Ergo set to buy Lithuania’s Gjensidige, its Baltic branches

Ergo International, the manager of the international business portfolio of the German-owned insurance group Ergo, is acquiring Lithuania’s Gjensidige, along with its branches in Estonia and Latvia, from Norway’s non-life [..]

Bank of Taiwan seeks to establish representative office in Lithuania

The Bank of Taiwan, the largest Taiwanese bank, wants to set up a representative office in Lithuania as it sees an opportunity to expand its business in Central and Eastern [..]

Lithuania posts one of lowest inflation rates across EU in Jun – Eurostat

Lithuania’s EU-harmonized annual inflation rate was one of the lowest across the EU in June, the latest figures from Eurostat, the bloc’s statistics office, showed on Wednesday. Lithuania’s annual inflation [..]

Transactions with inherited pension assets to become easier

The Estonian government has approved amendments seeking to simplify the transfer of inherited second-pillar pension assets to the successor’s second-pillar pension account, and additionally, closing a pension investment account and [..]

Estonian cbank: Slowing inflation helping boost people’s purchasing power

Commenting on the latest consumer price statistics, Bank of Estonia economist Rasmus Kattai noted that slowing inflation and wage growth are helping to increase people’s purchasing power. “In June, Estonia’s [..]

Swedbank: Some 38,000 people in Estonia have increased 2nd pillar contributions

During the first half of 2024, almost 38,000 people in Estonia submitted applications to increase their monthly contributions to the second pension pillar from next year. More than half of [..]

Estonia to offer bonds to residents

For the first time this year, the Estonian government plans to issue bonds for the country’s residents, which would bear a fixed interest and be traded on the Tallinn Stock [..]

Tax debts in Latvia at EUR 833.058 million in early June

At the beginning of June 2024, tax debts in Latvia totaled EUR 833.058 million, which is 1.1 percent less from May and 3.4 percent less than the beginning of the [..]

Estonian cbank predicts economy to turn to growth in 2nd half of 2024

According to the latest economic forecast of the Bank of Estonia, a revival of the economy can be seen in the second half of this year. The return to economic [..]

S&P downgrades 3 Baltic countries due to war in Ukraine

Rating agency S&P announced on Friday that it had downgraded the ratings of the three Baltic states Estonia, Latvia, and Lithuania, citing the effects of the war in Ukraine and [..]

airBaltic prices a EUR 340 million bond issue

Latvian national airline airBaltic has issued bonds worth EUR 340 million, Transport Minister Kaspars Briskens (Progressives) announced in a tweet last night. airBaltic said in a statement that it has [..]

Minimum wage in Lithuania may cross pretax threshold of EUR 1,000 in 2025 – minister

Social Security and Labor Minister Monika Navickiene forecasts that the minimum monthly wage in Lithuania may cross the 1,000-euro pre-tax threshold next year. “The considerations are correct, the minimum wage [..]

airBaltic plans to launch public offering in second half of year

Latvian national airline airBaltic plans to announce a public offering of its shares in the second half of the year, the airline’s CEO Martin Gauss told Latvian Television (LTV) in [..]

2 Estonian lottery players win over EUR 100,000 in Eurojackpot

The Friday night Eurojackpot draw brought two Estonian lottery players 109,916 euros each. Both tickets had been bought online, the state-owned lottery company Eesti Loto said. In total, there were [..]

Tax-free pension in Estonia to remain at EUR 776 per month from 2025

The Estonian Ministry of Social Affairs has drafted a bill that would fix the tax-free income of a person who has reached retirement age at 9,312 euros per year, or [..]

Over 92,000 people file tax returns with Revenue Service by Friday morning

Over 92,000 individual taxpayers filed their tax returns in the first hours by 9 a.m. Friday, LETA was told at the State Revenue Service. Representatives of the Revenue Service said [..]

Average wage in Lithuania up 12 pct – SoDra

The average wage growth of almost 12 percent at the end of 2023 was driven by a higher minimum wage, rising wages of civil servants, and companies’ desire to retain [..]

Estonia’s Omniva reports losses in 2023 – net loss 1.3 million euros

Estonian state-owned postal service and logistics company Omniva Group’s total sales revenue amounted to 131.7 million euros in 2023, which is a 7 percent increase compared to the previous year, [..]

BaltCap sues Stepukonis, gambling companies for EUR 16.6 mln

BaltCap, a Baltic private equity fund manager, is seeking more than 16 million euros from Sarunas Stepukonis, a former partner with BaltCap Infrastructure Fund (BInF), and Olympic Casino Group Baltija [..]

Total damage involving motor insurance totals EUR 72 mln in 2023

According to the statistics of the Estonian Motor Insurance Bureau (LKF), there were 34,300 motor insurance cases with a total damage of 72 million euros in Estonia in 2023. Additionally, [..]

From 2025, it will be possible to invest in cryptocurrency through an investment account

The Estonian Ministry of Finance has sent on a second round of approvals a bill seeking to introduce a number of new requirements for cryptocurrency service providers and to bring [..]

Poland’s Pekao mulls setting up branch in Lithuania, c. banker confirms

Gediminas Simkus, the central bank’s governor, has confirmed a report by BNS that Pekao, one of Poland’s largest banks, is considering opening a branch in Lithuania. “In the second half [..]

EUR 871,000 worth of Latvian lats banknotes and coins exchanged for euros in 2023

Last year LVL 611,900 (EUR 871,000) Latvian banknotes and coins were exchanged for euros at the Bank of Latvia, LETA was told at the central bank. The money exchanged in [..]

EU residents held €9 382 billion in stocks abroad in 2022 – USA absorbed 28%, UK – 18%, Switzerland – 10%

Net foreign direct investment (FDI) stocks held in the rest of the world by investors resident in the EU amounted to €9 382 billion (bn) in 2022, reflecting a 1.4% [..]

Bailiffs to send more than 100,000 reminder Christmas cards to debtors

Bailiffs are sending debtors across Estonia 101,254 red electronic Christmas cards reminding them to pay their debts. The purpose of the Christmas card is to remind that even on Christmas [..]

Latvian household income rose by 9.1% in 2022 – reached EUR 740 per household member monthly

In 2022, compared to 2021, household disposable income increased by EUR 62 or 9.1 percent and reached EUR 740 per household member monthly, according to results from a survey conducted [..]

People’s income growth outpaces inflation in Lithuania in Q3 – Sodra

People’s income continued to rise in Lithuania the third quarter of this year, with the growth outpacing inflation, the latest figures from the social insurance fund Sodra showed on Tuesday. [..]

Swedbank pays EUR 52.5 mln in bank solidarity levy, SEB pays EUR 34 mln

Swedbank and SEB, two of Lithuania’s largest commercial banks, have paid 52.5 million and 34.1 million euros respectively the bank solidarity levy to the state budget, the two banks said [..]

Lithuania’s Commercial Banks solidarity levy in 2023 could be around 250 million euros – part of a money will be used for military mobility

Lithuania’s commercial banks will soon transfer the second installment of the new solidarity levy for the third quarter of this year, with the central Bank of Lithuania estimating it to [..]

Lithuanian govt proposes allocating extra EUR 157 mln for roads next year

The Lithuanian government has tentatively agreed to allocate an extra 157 million euros for roads next year as some politicians, road workers and the presidential office propose suggest allocating more [..]

Getlini Eko turnover down 3.3% in January-September

Getlini Eko, the operator of Getlini landfill, turned over EUR 36.602 million in January-September, which is 3.3 percent less than in the same period last year, while the company’s profit [..]

Turnover of pharmaceutical wholesalers increased by 17.3% in the first nine months

The turnover of wholesale drug companies in Latvia in the first nine months of this year was EUR 540.79 million excluding value added tax, which is 17.3 percent more than [..]

Lithuania mulls raising corporate income tax for additional defense funding – advisor

Lithuania needs to consider various options, including an increase in corporate income tax, as the country is looking for long-term sources of defense funding, presidential advisor Irena Segaloviciene says. All [..]

It is still hard to understand how 50% cut of mortgage rates might be applied – Citadele

It is still very difficult to understand how the government plans to apply the requirement for banks to reduce interest rates on mortgage loans by 50 percent, Johan Akerblom, Chairman [..]

Gaso to pay EUR 36.209 million in dividends from profit of previous years

Natural gas system operator Gaso, whose owne from this past summer is Estonian company Eesti Gaas, will pay out EUR 36.209 million in dividends from the profit of previous years, [..]

United States to give USD 50 mln of Danske Bank penalty to Estonia

As an expression of gratitude for its cooperation in the investigation of the Danske Bank money laundering case, the US Department of Justice will share 50 million US dollars in [..]

Banks in Lithuania saw their H1 profit plunge 2.5 times to EUR 515 mln – central bank

Banks operating in Lithuania earned 515 million euros in combined profit in the first half of this year, 2.5 times less than in the same period last year (203 million [..]

Estonian startup Eurora Solutions files for bankruptcy after raising tens of millions

Estonian entrepreneur Marko Lastik’s startup Eurora Solutions, infamous due to multiple scandals and having raised tens of millions of euros from investors, has now filed for bankruptcy, Postimees reports. In [..]

Governor of Eesti Pank: the economy is going to recover slowly

Governor Madis Müller says a quick recovery in Estonian economy is not to be expected, as purchasing power is improving at a slow pace in both domestic and foreign markets. [..]

EURO

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16 February 2026, North Rhine-Westphalia, Cologne: A themed float on which Putin impales the Duesseldorf carnival figure Hoppeditz drives out of the float construction hall. Rose Monday on the Rhine is the highlight of the Rhenish carnival season with its traditional parades. Photo: Federico Gambarini/dpa

German Carnival parades heap satire on Putin, Trump, domestic leaders

Lt. Gen. (Ret.) Ben Hodges, former Commanding General of U.S. Army Europe (2014–2017). Publicity photo

Ben Hodges: stop treating Russian sabotage like a crime scene

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Fintech hubs are easy to market – hard to govern

Elīna Ieva Bota. Source: kamanas.lv

Baltic athletes making their mark at the 2026 Winter Olympics

04 June 2024, Berlin: Yulia Navalnaya, widow of late Russian opposition figure Alexei Navalny, attends a memorial service in his honour, on his birthday at the Church of Saint Mary. Photo: Sebastian Gollnow/dpa Credit: Sebastian Gollnow/dpa

Navalny remembered worldwide two years on as Kremlin denies poisoning

Supermarket checkout. Source: Priit Mürk/ERR

Food prices continued to rise in January

Ingmārs Pūķis, VP & Member of the Management Board at LMT.

LMT Group partners with the European Space Agency to develop global dual-mode satellite IoT

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Latvian optical salon chain becomes the first in Latvia to introduce digital vision tests and AI-driven analysis

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FREETOUR.com announces 2026 awards: Riga tour company named Best Worldwide

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Latvia’s internationally recognised AML/CFT system strengthens its position as a leading EU fintech and Web3 hub

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