The profit share of non-financial corporations in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. The profit share of non-financial corporations in Lithuania stood at 41.6%, followed by Estonia with 40.0% and Latvia with 35.6%. The EU average was 40.1%. The business profit share is defined as gross…
Lithuania’s Competition Council has again postponed a deadline for the Estonian media group, Ekspress Grupp, to sell off the Lithuanian news website, lrytas.lt, to new owners, BNS reports. The council gave Ekspress Grupp until 7 January 2026 to sell the website. In February 2025, the competition authority ordered the group to sell one of its…
The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
Estonia’s Ministry of Economic Affairs and Communications has announced a procurement tender for a consultant to plan a 600-MW nuclear power plant in the country, ERR reports. Under the contract, the winning bidder will help compile baseline planning guidelines and an environmental impact assessment plan for the project. The consultant will provide advice on site…
A company connected to a former officer of Russia’s Federal Security Service (FSB) gained access to sensitive information about Lithuania’s Klaipeda State Seaport, according to an international media investigation, BNS reports. Ukraine’s Centre of Journalistic Investigations (TsZhR), in collaboration with Lithuania’s 15min and Latvia’s TV3, found that Andrey Shkrabo, a former FSB officer, headed the…
Investors and listed companies are leaving Estonia’s Nasdaq Tallinn stock exchange, ERR reports. Joakim Helenius, chairman of Trigon Capital, which handles the Norwegian Oil Fund’s investments on Nasdaq Tallinn, noted that foreign investors had been pulling money out of the Estonian stock market for several years and no new foreign investors were coming in. He…
French risk management company Coface’s ranking of the 50 largest companies by turnover in the Baltic States in 2024 includes 28 companies in Lithuania, 15 in Estonia, and 7 in Latvia, LETA reports. The top five companies are all from Lithuania: retail holding group Vilniaus Prekyba with a consolidated turnover of EUR 8.02bn in 2024,…
Lithuania has asked the European Commission (EC) to help release Lithuanian trucks detained in neighbouring Belarus, BNS reports. Foreign Minister Kestutis Budrys and Transport Minister Juras Taminskas urged the EC to draw up a coherent action plan to support EU haulage companies. Prime Minister Inga Ruginiene said that around 280 Lithuanian trucks were stuck in…
Estonia’s Tallinn Airport will expand its passenger terminal by building around 16,500 m2 of new premises, BNS reports. In addition, the airport will reconstruct over 18,000 m2 of existing areas in the terminal. After the expansion, the passenger terminal’s total floor area will reach 52,500 m2, ERR reports. The airport’s current terminal was designed to…