Lithuania

Cyprus fund manager ISWM Asset Management establishes ISWM Hotel LT in Vilnius

August 8, 2024

ISWM Hotel LT, an investment management company, has been established in Vilnius by ISWM Real Estate Fund Raif, a real estate investment fund managed by Cyprus-registered ISWM Asset Management. According [..]

Estonia

Hotels and restaurants grapple with another year of falling tourist numbers

July 4, 2024

This summer in Tallinn is shaping up to be even poorer than 2023’s already disappointing showing, “Aktuaalne kaamera” (AK) reported Wednesday, with falling visitor figures and lower hotels and restaurants [..]

Latvia

United List urges residents to support proposal for reduced VAT rate on restaurants

May 28, 2024

Saeima opposition party United List is calling on residents to support an initiative to reduce value added tax rate for restaurants to 12 percent. “Latvian restaurants have been meeting with [..]

Estonia

Statistics: Hotel guest numbers in Estonia down slightly this January

March 8, 2024

According to data provided by Statistics Estonia, this January, accommodation establishments in Estonia served nearly 194,000 tourists. This was 1 percent fewer than in January 2023. The number of domestic [..]