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…
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,…
Stricter rules on gambling advertising came into force in Lithuania on 1 July 2025, BNS reports. Gambling operators can now only advertise their brands at their gambling venues, while other external advertising is prohibited. Only betting commercials are allowed on TV, radio, and the internet. Gambling operators can still sponsor sports, cultural, and art events….
Four people have been arrested in Estonia on suspicion of large-scale health care fraud in the US, ERR reports, citing The Washington Post. The case involves nearly two dozen suspects from Estonia, Kazakhstan, and Russia. The group allegedly submitted fraudulent Medicare health insurance claims totalling around EUR 8.5bn for medical devices that were never delivered…
Lithuanian Prime Minister Gintautas Paluckas has refused to subject himself to a vote of confidence in the parliament, the Seimas, BNS reports. Opposition MPs have demanded that the Prime Minister resign due to questions about his past business activities. Speaking after a “frank and sincere conversation” with President Gitanas Nauseda, Paluckas insisted that he continued…
The Lithuanian fertiliser producer, Achema, may begin producing explosives, Lithuanian Prime Minister Gintautas Paluckas announced, BNS reports. He was speaking after a meeting with representatives of Achema’s management. Earlier, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists (LPK), suggested converting some of the country’s large chemical plants to the production of explosives. Achema announced…
Irish low-cost air carrier Ryanair has cancelled flights from the Estonian capital, Tallinn, to six destinations for the period from April to October 2025, BNS reports. During the summer season, the airline will not fly from Tallinn to Billund, Bergamo, Paphos, Rome, Treviso, and Vienna. Ryanair will continue to fly from Tallinn to Milan, however….