Latvia’s State Revenue Service (VID) has published a list of the country’s 17 largest corporate taxpayers, Baltic News Network reports. VID highlighted the largest taxpayers in the large, medium, and small business segments in Latvia’s five regions. The country’s biggest taxpayer in 2022 was Polish-owned fuel trader Orlen Latvija, which paid 278.95mn in taxes. In…
Latvia has currently around 50,000 unemployed people, which is an all-time low, according to data from the State Employment Agency (NVA), LETA reports. The country’s unemployment rate now stands at 5.6%, which is down from 6.3% in the beginning of 2023. Evita Simsone, director of NVA, noted that the small number of unemployed created problems…
Latvian data centre operator DEAC and Lithuania’s Data Logistics Center (DLC) have obtained a ten-year loan of EUR 30mn from SEB Bank, The Baltic Times reports. The companies will use the funds to further expand their telecommunication infrastructure. DEAC will build a third data centre in Riga, while DLC will expand its data centres in…
Lithuania’s national startup ecosystem facilitator, Startup Lithuania, will host Startup Fair 2023 in Vilnius on 7 September 2023, Startup Lithuania reports. More international investors are expected to attend the event. In total, over 60 speakers are expected to give presentations and participate in the discussions. Also, 40-50 startups will compete for participation in the acceleration…
The Estonian developer of autonomous vehicles, Clevon, plans to delist its shares from the Nasdaq First North stock exchange without taking over the shares of the company’s minority shareholders, ERR reports. Earlier, the loss-making company announced that it would delist and buy out its minority shareholders. However, Clevon has failed to find an investor to…
The municipal water utility of the Latvian port city of Liepaja, Liepajas Udens, has managed to stop the leakage of raw sewage from its wastewater plant into the Baltic Sea, LSM reports. The company has resumed the operation of the wastewater treatment plant on a temporary basis. Earlier, part of a wall of a sewage…
Authorities in Lithuania’s port city of Klaipeda have recommended people not to swim in the Baltic Sea, following a leak of sewage from a water treatment plant in Latvia’s Liepaja, LRT reports. Authorities are now analysing samples to determine the quality of the water. Latvia’s State Environmental Service (VVD) assured that the sewage leak posed…
Lithuania’s Foreign Minister Gabrielius Landsbergis, Transport Minister Marius Skuodis, and Agriculture Minister Kestutis Navickas have sent a joint letter to the European Commission, in which they call for helping Ukraine export more grain via the Baltic States, BNS reports. The ministers argued that Baltic ports, railways, and roads could serve as a viable alternative route…
The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…