Baltic: Farms employ thousands of foreigners yearly

Around 5,000 third‑country nationals come to Estonia every year for seasonal work, mostly on farms, according to the Police and Border Guard Board (PPA), ERR reports. Most seasonal workers come from Ukraine, Moldova, Uzbekistan, India, and Georgia. Before Russia’s full-scale invasion of Ukraine, many seasonal workers came from Belarus as well, but Estonia has since…

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Latvia: President turns to state security over Luminor sale

Latvian President Edgars Rinkevics has turned to the State Security Service (VDD) over Hungarian banking group OTP Bank’s plan to acquire the Baltic banking group, Luminor Bank, LSM reports. He noted that the statement of intent on the possible acquisition was just the start of the process, adding that regulatory approval for the deal would…

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Estonia: Piano factory head nominated for president

A group of 30 public figures in Estonia have nominated Indrek Laul, CEO of Estonia Piano Factory, for president, ERR reports. The group behind Laul’s candidacy, which includes prominent entrepreneurs, academics, and cultural figures, stressed the need to bring together “knowledge, culture, and entrepreneurship.” Laul said that he would seek to unite “different worldviews, different…

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Baltic: Hungary’s OTP Bank to buy Luminor

Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….

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