Demand for new Estonian government bonds totalled EUR 821mn, which was four times more than the EUR 200mn offered, the Ministry of Finance announced, ERR reports. Altogether 28 professional investors and 7,304 retail investors participated in the public bond offering. Retail investors subscribed to bonds worth EUR 29mn and will receive 100% of the amount…
Lithuania’s GDP will grow by 2.3% in 2024 and 2.9% in 2025, according to the Finance Ministry’s revised forecast, BNS reports. In June 2024, the ministry projected that the GDP would grow by 2.1% in 2024 and 2.9% in 2025. Average annual inflation will slow down to 1.0% (1.1%) in 2024, before rising to 2.5%…
The Latvian government has extended the enhanced border surveillance regime on the country’s border with Belarus until the end of 2024, LSM reports. Prior to the decision, the regime was set to end on 12 September 2024. The Ministry of Interior said that the reinforced border protection regime ensured the inviolability of the state border…
Estonia’s services exports totalled EUR 3.1bn at current prices in the second quarter of 2024, which was up 3% from the same period of 2023, according to Statistics Estonia and the Bank of Estonia, ERR reports. Imports of services totalled EUR 2.3bn, which was up 3% as well. The balance of Estonia’s foreign trade in…
The three Baltic States, together with Finland, Poland, and Germany, should build a green hydrogen corridor by 2040, according to a feasibility study commissioned by the Nordic and Baltic gas transmission system operators, BNS reports. The 2,500-kilometre corridor would transport up to 2.7 million tonnes of hydrogen fuel per year. The corridor could reduce CO2…
Latvia’s foreign trade turnover totalled EUR 23.26bn at current prices in the first seven months of 2023, which was EUR 1.52bn (6.1%) less than in the same period of 2023, according to the Central Statistical Bureau’s (CSP) provisional data, LSM reports. Exports of goods amounted to EUR 10.7bn (down 4%) and imports to EUR 12.56bn…
US private equity group TPG is in talks to invest in the Lithuanian second-hand fashion platform, Vinted, according to the Financial Times, BNS reports. Under the deal, TPG would acquire several hundred million euros worth of existing shares in Vinted. The deal would value the company at EUR 5bn. Vinted has been working with US…
German airline Lufthansa may invest in Latvia’s national air carrier, airBaltic, according to Bloomberg, LETA reports. Sources said that negotiations on the deal were still at an early stage. Earlier, German news agency dpa cited Lufthansa’s CEO, Jens Ritter, who said that the company was interested in another airline operating its shorter routes, LSM reported….
Some internet domains used by Russia to meddle in the upcoming US presidential elections were purchased using the Lithuanian cryptocurrency payment platform, CoinGate, according to the US Federal Bureau of Investigation (FBI), BNS reports. CoinGate is owned by Vilnius-based Decentralized (former Virtualios Valiutos), which established a subsidiary, CoinGate, in the US in 2021. Some of…