Lithuania: Deutsche Bank considering opening service centre

Germany’s Deutsche Bank is considering opening a service centre in Lithuania, Elijus Civilis, head of Lithuania’s state-run investment promotion agency, Invest Lithuania, confirmed, BNS reports. Civilis said that negotiations with Deutsche Bank were ongoing and that the bank was evaluating various options for possible operations in Lithuania. Deutsche Bank has not commented on its plans….

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Latvia: Number of new businesses exceeded liquidations in 2023

The number of new businesses registered in Latvia totalled 8,772 in 2023, according to data from enterprise database Lursoft, LETA reports. Meanwhile, the number of businesses liquidated amounted 7,844 in 2023, which was the lowest number since 2015. In the previous seven years, the number of liquidated enterprises exceeded the number of new businesses. Over…

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Lithuania: Education Minister urges phasing out Russian schools

Lithuania’s Education Minister, Gintautas Jakstas, has proposed phasing out secondary education in Russian, following the Latvian and Estonian example, BNS reports. He suggests focusing on EU languages. The Ministry of Education is exploring ways to suspend Russian as a language of tuition, with a proposal expected soon. Jakstas emphasised that Russian schools would not be…

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Lithuania: Ukraine adds Viciunai Group to list of war sponsors

Ukraine’s National Agency on Corruption Prevention (NAZK) has added Lithuanian fish processor Viciunai Group to its list of “International Sponsors of War,” BNS reports. NAZK stated that Viciunai Group has continued production and hiring at its plant in Russia’s Kaliningrad region even after announcing that it was exiting Russia. Viciunai Group declined to comment on…

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