Latvia

Latvian insurance market set to expand

January 31, 2025

The insurance market in Latvia can expect growth of 6-8% this year, which would be a bit less than last year, the president of the Latvian Association of Insurers, Janis [..]

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, [..]

Lithuania

Olympic Casino boosts 2023 profit as online gambling market expands

June 5, 2024

Olympic Casino Group Baltija, a Lithuanian gambling company, saw its net profit rise 35 percent to 6.9 million euros last year, from 5.1 million euros in 2022, as the online [..]

Latvia

Olainfarm plans to replace Russia and Belarus with Western markets with new portfolio of medicines

June 4, 2024

Latvian drug manufacturer JSC Olainfarm plans to replace Russia and Belarus with the Western market with a new portfolio of medicines, Janis Buks, Chairman of the Supervisory Board of the [..]

Estonia

Opportunities of Japanese market showcased to businesses at Estonian Foreign Ministry

May 21, 2024

The opportunities offered by and the specifity of the Japanese market were presented to business leaders at the Foreign Ministry in Tallinn, and a presentation was held of a new [..]

Interviews

Kati Kusmin: we must develop our products and export them worldwide

May 7, 2024

Ain Alvela, Editor of TööstusEST, interview with Kati Kusmin, Chairman of the Management Board of The Estonian Business and Innovation Agency (EIS). Kati Kusmin, which was recently created with the [..]

Estonia

Piletilevi Group acquiring majority stake in 2 Polish ticket sales companies

May 1, 2024

Baltic ticket sales company Piletilevi Group is buying a majority stake in two Polish ticket sales companies and becoming the second largest ticket sales company on the Polish market as [..]

Latvia

airBaltic plans to launch public offering in second half of year

April 22, 2024

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 [..]

Estonia

Olerex expands into restaurant, accommodation business

March 19, 2024

Olerex has opened the Vao Center, comprising a 22-room business hotel and a restaurant with 130 seats, on the outskirts of Tallinn, becoming the first fuel seller in Estonia to [..]

Lithuania

Fly Dubai set to enter Lithuanian market

February 16, 2024

One more new air carrier is set to enter the Lithuanian market – FlyDubai, a low-cost subsidiary of the UAE’s Emirates Airlines, Lithuanian Transport and Communications Minister Marius Skuodis told [..]

Lithuania

New players expected to enter Lithuanian banking market this year – c. bank official

January 31, 2024

Simonas Krepsta, a member of the Lithuanian central bank’s board, expects new players to emerge in the country’s banking market this year. The Bank of Lithuania sees an active and [..]

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 [..]