Estonia’s largest security firms increased their turnover and profit in 2022, ERR reports. G4S Eesti’s revenue totalled EUR 59.5mn in 2022, which was up 6% from 2021. The company’s annual profit amounted to EUR 1.9mn, which was up from a loss of EUR 300,000 a year earlier. G4S Eesti employed 1,880 people in 2022. Retail…
The Estonian shipping group, Tallink Grupp, posted unaudited revenue of EUR 400.9mn in the first half of 2023, which was up 28.4% from EUR 312.2mn in the same period of 2022, GlobeNewswire reports. Six-month EBITDA amounted to EUR 95.6mn (EUR 17.7mn) and net profit to EUR 28.0mn (EUR 40.7mn). In the second quarter of 2023,…
A Lithuanian family who abducted their children from temporary foster care are linked to the so-called “sovereign citizen movement” (SovCits), according to the State Security Department (VSD), LRT reports. VSD said that the SovCits are guided by an “anti-state extremist ideology” that denies the legitimacy of the state. The children were taken into foster care…
Latvia’s state real estate management company, Valsts Nekustamie Ipasumi (VNI), has taken over a project to build a fence on the country’s border with Russia from the State Security Service (VDD), LSM reports. VNI board chairman Renars Griskevics said that construction work would resume at the end of 2023. However, the final deadline for the…
Latvia’s Institute of Agricultural Resources and Economics (AREI) compared prices of food products in Maxima and Rimi stores in the Baltic States in June-July 2023, LETA reports. The institute found that in Maxima stores, prices of 43% of products in Lithuania, 32.7% in Latvia, and 31.8% in Estonia were more expensive than in the other…
Latvian capital Riga’s acting mayor, Vilnis Kirsis (New Unity), expects political parties in the Riga City Council to reach a consensus on the formation of a new coalition next week, LETA reports. However, the parties have still failed to reach a “spirit of compromise,” Kirsis said. The parties disagree on the number of deputy mayoral…
The Lithuanian fashion retailer, Apranga Group, posted an unaudited consolidated profit before income tax of EUR 9.0mn in the first half of 2023, which was up from EUR 7.1mn in the same period of 2022, GlobeNewswire reports. The group’s EBITDA amounted to EUR 18.9mn, which was up from EUR 17.1mn a year earlier. Six-month retail…
Lithuania’s preparedness for possible threats is adequate for the current situation, Prime Minister Ingrida Simonyte stated, LRT reports. She was commenting reports that Russian private military company Wagner Group’s mercenaries had arrived in neighbouring Belarus. Simonyte said that Lithuanian intelligence agencies were monitoring the situation in Belarus and exchanging information with allied partners. Defence Minister…
Latvia’s state real estate management company, Valsts Nekustamie Ipasumi (VNI), will speed up the construction of a fence on the country’s border with Belarus, LSM reports. VNI’s board chairman, Renars Griskevics, said that VNI would build 85.9 km of the fence in autumn 2023 and the remaining 80.6 km by the end of 2024. The…