Estonia nearing its 5G frequency auction
Four telecoms’ firms have applied to take part in Estonia’s auction of the frequency licences for fifth-generation mobile communications (5G), Estonian public broadcaster…
Category: Business
Latvia plans to cease using Russian natural gas
The ruling coalition in Latvia is in agreement that the country should shut down supplies of natural gas from Russia, said Latvian PM…
Lithuania announces end to natural gas imports from Russia
Lithuania has ended importing natural gas from Russia, the Lithuanian Energy Ministry has stated and evaluated that the Baltic country has become the…
Week in Lithuania: Grants to Ukrainian culture workers, Russia expels Lithuanian diplomats
Last week, Lithuania applied to open trade representative office in Taiwan, Russia expelled four Lithuanian diplomats and Lithuania will offer grants to cultural…
Estonian economic forecast seen as stable by Standard&Poor’s
For Estonia, the US credit rating agency Standard&Poor’s has left its evaluation of AA- to the Baltic country’s credit rating unchanged, but has…
Banks in Latvia freeze approximately EUR 55 million due to anti-Russian sanctions
As of 25 March there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the…
War affects Lithuanian real estate market, as bunker on sale in Vilnius
In Lithuania, Russia’s war against Ukraine has affected the real estate market. The segment of basements has become more popular and a private…
Bank of Latvia upgrades inflation outlook to 9.5% for 2022
The Bank of Latvia has upgraded the average inflation outlook for 2022 from the previous 6.1% to 9.5%. For next year the inflation…
Estonians embarked on foreign travel again in 2021
In a sign of Baltic travel recovering from the Covid-19 pandemic and its restrictions, Estonians made 575 000 international trips in 2021, which…
