Lithuania

Lithuanian fintech co Foxpay’s owner contests national security non-compliance decision

July 9, 2024

Ieva Trinkunaite, the owner of Foxpay, a Lithuanian fintech company under the scrutiny of law enforcement and supervisory authorities, has contested in court the government’s conclusion that she does not [..]

Latvia

Aviation agency looking into error that caused oxygen masks to drop on airBaltic flight

April 4, 2024

The Civil Aviation Agency (CAA) is looking into a system error that caused oxygen mask compartments to open on an airBaltic flight from Helsinki to Riga last week, according to [..]

Latvia

Cabinet supports draft National Cybersecurity Law

March 20, 2024

The Cabinet of Ministers on Tuesday supported the draft National Cybersecurity Law, which aims to improve cybersecurity in Latvia, as well as to transpose the requirements of the revised European [..]

Lithuania

Lithuania’s c. bank orders Paysera to provide info on Stepukonis’ gambled away millions

February 6, 2024

The central Bank of Lithuania has ordered Paysera to provide related information as Sarunas Stepukonis, a former partner at BaltCap Infrastructure Fund, an fund managed by BaltCap, an investment company, [..]

Europe

Stopping greenwashing: how the EU regulates green claims

January 22, 2024

The EU aims to put an end to greenwashing, when companies claim to be greener than they are, and provide more information to consumers on the durability of products they [..]

Lithuania

Ekspress Grupp fined EUR 140,000 for lrytas.lt acquisition infringement in Lithuania

December 22, 2023

Lithuania’s Competition Council on Friday fined Ekspress Grupp, an Estonian media group that operates the Delfi news websites in the Baltic states, slightly more than 140,000 euros for breaking the [..]

Estonia

Olerex fined EUR 8 mln for non-fulfiment of biofuel obligation

December 18, 2023

The Estonian Environmental Board imposed a fine of eight million euros on fuel seller Olerex for repeatedly failing to fulfill the biofuel obligation. The Environmental Board determined in misdemeanor proceedings [..]

Lithuania

Lithuanian Post fined EUR 184,500 for poor EU mail delivery

November 20, 2023

Lithuania’s Communications Regulatory Authority has fined Lietuvos Pastas (Lithuanian Post), the country’s state-owned post company, 184,500 euros for failing to meet quality indicators. The authority states that the quality of [..]