Swedish media company Viaplay Group will exit the Baltic market as part of its cost-saving plans, ERR reports. Viaplay broadcasts entertainment and live sports, including matches from top European football leagues. Viaplay Group reported a net loss of SEK 6.174mn (EUR 534,000) in the first half of 2023.
Sanctioned luxury cars are being shipped from EU countries to Russia via Lithuania, LRT’s investigation revealed. The luxury cars are usually purchased in Denmark or Germany and then transported to Russia via Lithuania and Belarus. Russian car dealers are openly advertising the transit route via Lithuania and Belarus. In 2022, the EU banned the sale…
Lithuanian telecommunications company Telia Lietuva posted unaudited revenue of EUR 230.5mn in the first half of 2023, which was up 7.2% from EUR 214.9mn in the same period of 2022, GlobeNewswire reports. Adjusted EBITDA amounted to EUR 83mn (up 13.6%) and profit to EUR 31.8mn (up 21.2%). In the second quarter of 2023, Telia Lietuva’s…
Lithuanians are slightly more confident about the country’s economy, according to the latest Eurobarometer poll conducted in June 2023, BNS reports. The survey showed that 56% of respondents regarded the economic situation as bad, which was down 3 percentage points from January-February 2023. By contrast, around 41% of Lithuanians said that the country’s economy was…
Latvia’s gas distribution system operator, Gaso, has registered its change of ownership in the country’s commercial register, GlobeNewswire reports. Under a deal signed in April 2023, Estonian privately-owned gas company Eesti Gaas (Elenger) acquired 100% of Gaso’s shares from Latvian gas company Latvijas Gaze for EUR 122mn. Gaso is Latvia’s only natural gas distribution operator.
Annual inflation in the Baltic States was highest in Estonia in June 2023, according to Eurostat data, LETA reports. Estonia’s inflation rate stood at 9% in June 2023, followed by Lithuania with 8.2% and Latvia with 8.1%. Compared to May 2023, inflation amounted to 0.8% in Estonia. Meanwhile, consumer prices went down by 0.1% in…
The Latvian alliance of liberal political parties, Development/For, has changed its name to PLI, LETA reports. Miks Celmins, executive chairman of Movement For, said that PLI’s initials stood for the three parties that formed the alliance: Movement For (Kustiba Par), For Latvia’s Development (Latvijas Attistibai), and Growth (Izaugsme). Celmins said that PLI would not coordinate…
The cargo turnover of Latvia’s sea ports totalled 3.4mn tonnes in the first half of 2023, which was 14.2% less than in the same period of 2022, according to data from the Ministry of Transport, Baltic News Network reports. The Freeport of Riga handled 9.6mn tonnes of freight, followed by the Freeport of Ventspils with…
Latvia’s Minister of Interior, Maris Kucinskis, has added three owners of the Ventspils-based confectionery producer, Pobeda Confectionery, to the list of foreigners banned from entering the country due to national security concerns, Baltic News Network reports. In March 2023, Latvia’s State Security Service (VDD) found that Russian confectionery producer Pobeda, which has the same owners…