The most loved brand in the Baltic States is the Swedish banking group, Swedbank, according to the Baltic Brand Forum 2025 survey, The Baltic Times reports. Lithuanian supermarket chain Maxima ranked second, followed by Estonia’s state-owned logistics group, Omniva, and German supermarket chain Lidl. The top four ranking remained unchanged from 2024. US technology company…
Estonian fashion retailer Baltika Group has ceased operations and filed for bankruptcy, BNS reports. The group will lay off all of its 120 employees in Estonia, Latvia, and Lithuania. Baltika pointed to a prolonged difficult financial situation and unfavourable market conditions in the Baltic States. The group’s parent company, European Lingerie Group (ELG), will continue to…
Lithuania’s state-owned oil and gas terminal operator, Klaipedos Nafta, has changed its name to KN Energies, GlobeNewswire reports. The company will continue to use the KN brand, however. At the same time, Klaipedos Nafta’s subsidiary, SGD Logistika, changed its name to KN Global Terminals. KN Energies announced that it would focus on liquid and alternative…
The most attractive employer in Estonia in 2023 is LHV Bank, according to branding agency Instar’s poll, Estonian World reports. The survey showed that LHV Bank was the most attractive employer both among university students and experienced workers. Meanwhile, the most attractive employer among vocational school students was entertainment company Apollo Group. The second-most attractive…