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….
Ukrainian President Volodymyr Zelensky will attend a summit meeting of the prime ministers of the Nordic-Baltic Eight (NB8) countries in the Estonian capital, Tallinn, on 9 June 2026, ERR reports. Zelensky will meet with Estonian President Alar Karis and Prime Minister Kristen Michal, while Ukraine’s Foreign Minister, Andrii Sybiha, will meet with his Estonian counterpart,…
The three Baltic States have joined eight other European countries in calling on the EU to impose tighter restrictions on visas for Russian citizens, ERR reports. The joint letter from the foreign and interior ministers of nine EU member states, Norway, and Iceland stated that “Russians should not be sunning themselves on European beaches while…
Ukraine “firmly anchored in the European family is in the interest of European security and essential for Europe’s future as a geopolitical power and economic actor,” the foreign ministers of the Nordic-Baltic Eight (NB8) countries stated, ERR reports. Following their two-day meeting in Estonia’s Kuressaare on 29-30 April 2026, the ministers expressed support for Ukraine’s…
Lithuania’s three international airports will offer flights to 100 destinations in 54 countries in summer 2026, state-owned airport operator Lietuvos Oro Uostai (LTOU) announced, The Baltic Times reports. LTOU’s airports will have more flights to Copenhagen, Frankfurt, Helsinki, and Warsaw. Vilnius International Airport will offer new direct routes to Gdansk in Poland and Podgorica in…
More Lithuanian citizens moved back to Lithuania than emigrated for the sixth consecutive year in 2025, according to the State Data Agency (VDA), BNS reports. A total of 18,155 Lithuanian citizens returned to the country in 2025, which was down from 18,934 in 2024. At the same time, 9,669 Lithuanian citizens emigrated, which was up…
The Investment and Development Agency of Latvia (LIAA) helped attract 45 foreign investment projects, which will create an estimated 2,023 new jobs, in 2024, LSM reports. The total value of the projects is EUR 655.4mn, which is up 6% from 2023. The biggest investments were in high-value-added manufacturing, ICT, energy, and aviation. LIAA’s target is…
Latvia’s national airline, airBaltic, has announced that it will cancel flights on 19 routes and reduce flights on 21 routes in summer 2025 due to engine maintenance, LSM reports. The company will cancel flights from Riga to Aberdeen, Belgrade, Cluj-Napoca, Gothenburg, Mykonos, Pristina, Rzeszów, Skopje, Stavanger, and Yerevan. Also, the company will cancel flights from…
Lithuania’s state-owned company, KN Energies, has acquired the LNG carrier, Independence, from Norway’s Höegh Evi (former Höegh LNG) for EUR 138mn, BNS reports. The handover ceremony was attended by the presidents of all three Baltic States and Poland. The floating storage regasification unit (FSRU), which serves as Lithuania’s LNG terminal, arrived at the port of…
