Estonian ride-hailing and courier service company Bolt generated a turnover of EUR 1.99bn in 2024, which was up 17% from EUR 1.7bn in 2023, ERR reported. Ride-hailing services accounted for 82% of total revenue. The company’s operating loss reduced to EUR 87.7mn from EUR 94.3mn in 2023. Bolt’s annual net loss amounted to EUR 102.6mn…
US financial services company Robinhood has opened its first European cryptocurrency trading hub in Lithuania, investment promotion agency Invest Lithuania announced, BNS reports. The new Lithuanian-registered entity, Robinhood Europe, will offer crypto asset custody, administration, transfer, receipt, and transmission services in the European Economic Area. The Bank of Lithuania issued Robinhood an investment firm license…
A court in Estonia has found two Moldovan nationals guilty of an arson attack against a Ukrainian restaurant in Tallinn in January 2025, ERR reports. The two men were arrested in Italy in February 2025. One of the defendants told prosecutors that he was tasked by persons connected to Russian military intelligence (GRU) to firebomb…
Lithuanian prosecutors accuse three foreign nationals of desecrating a monument to anti-Soviet resistance leader Adolfas Ramanauskas in January 2024 under orders from Russian military intelligence (GRU), BNS reports. The three suspects, now under custody, are two dual Estonian-Russian citizens and a Russian citizen residing in Tallinn. The group smeared the monument in the southern Lithuanian…
Latvia finally launched an early warning or cell broadcast system on 1 July 2025 after delays in the procurement process, LETA reports. The system was developed by Meditec for EUR 3.4mn under a contract with the Ministry of Interior’s Information Centre. The system will warn residents and visitors about natural disasters, military threats, or other…
Estonian Finance Minister Jürgen Ligi said that public outcry over inflation was misplaced, ERR reports. He argued that complaining about rising prices was “as stupid as cursing bad weather when you wake up in the morning.” Ligi stressed that most prices were not under government control, and that the government could thus neither cause nor…
Lithuania’s State Tax Inspectorate (VMI) found no tax violations at a startup company co-owned by Prime Minister Gintautas Paluckas, BNS reports. VMI initiated checks at battery system developer Garnis, of which Paluckas owns 49%, in June 2025, following a request from the chairman of the opposition Homeland Union, MP Laurynas Kasciunas. Earlier, the state-owned national…
Foreign-registered ships made altogether 2,741 visits at Latvian ports in the first half of 2025, which was down 7.1% from 2,949 visits in the same period of 2024, according to data from the Maritime Administration of Latvia (LJA), LETA reports. Foreign ships entered the Freeport of Riga 1,293 times, the Port of Liepaja 616 times,…
Israel will soon open an embassy in Estonia, Israeli Foreign Minister Gideon Sa’ar announced, ERR reports. Speaking at a joint press conference with Estonian Foreign Minister Margus Tsahkna in Tallinn, Sa’ar said that the opening of the embassy would strengthen economic and military cooperation between the two countries. Tsahkna noted that Israel was an important…