Lithuania

Saudi company given green light to take control of company

January 19, 2025

The Saudi Arabian Oil Company (Saudi Aramco) sells polyethylene, polypropylene and other petrochemical products in Lithuania, where it has been given regulatory approval to take over the Rabigh Refining and [..]

Lithuania

Israeli IT company opens up shop in Lithuania

January 14, 2025

The Israeli IT company Yam Software Development has set up a business in Lithuania. According to the Lithuanian Centre of Registers, YamSoft was established in Kaunas last week. It is [..]

Europe

Business centre bought in Poland by Estonian company

November 29, 2024

Summus Capital is an Estonian real estate investment group which manages the Park Town office complex and the Nordika shopping centre in Lithuania, and it has now acquired a business [..]

Lithuania

Lithuanian furniture company seeks expansion to United States

October 2, 2024

SBA Home, a furniture manufacturer that is part of the SBA Group in Lithuania, is planning to launch production of storage furniture in the United States, says the company’s CEO, [..]

Latvia

Russian court designates Amber Latvijas balzams owner Shefler ‘extremist’, seizes his assets

July 25, 2024

A Russian court on Wednesday declared billionaire Yuri Shefler, owner of alcoholic beverages company Amber Latvijas balzams, and his companies an “extremist association” and ordered confiscation Shefler’s assets in Russia. [..]

Estonia

E-residents have established over 30,000 companies in Estonia

April 19, 2024

Estonia’s e-residency program, launched on Dec. 1, 2014 and being unique in the world, has seen 113,341 foreign citizens become e-residents of Estonia, and 30,813 of them, or 27 percent, [..]

Lithuania

Four in 10 Lithuanians would buy products of companies still operating in Russia – survey

April 17, 2024

Forty-one percent of people in Lithuania say they would buy products of businesses still operating in Russia and 45 percent say they would not, according to a Baltijos Tyrimai survey [..]

Lithuania

Dubai Chamber of Commerce office could be established in Vilnius – minister

January 18, 2024

An office of the Dubai Chamber of Commerce could be established in Vilnius, Lithuanian Foreign Minister Gabrielius Landsbergis said at a meeting with Abdullah Bin Touq, minister of economy of [..]

Europe

A new era for corporate taxation in the EU enters into force

January 5, 2024

Ground-breaking new EU rules come into effect in 2024 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States. The framework will bring [..]

Lithuania

Lithuania’s Viciunai Group keeps mum after Ukraine labels it ‘international war sponsor’

January 5, 2024

Viciunu Grupe (Viciunai Group), a business group producing and selling seafood and other food products, owned by Visvaldas Matijosaitis, mayor of Lithuania’s second-largest city of Kaunas, and his business partner [..]

Estonia

Eesti Energia generated two thirds of their sales revenue abroad

November 3, 2023

The sales revenue of Eesti Energia Group in the third quarter amounted to 408 million euros, of which 66% was generated outside Estonia. The Group’s normalised net profit in Q3 [..]