Business

SEB bank sticks to its earlier 2024 GDP growth forecast of 1.5%

Tadas Povilauskas, economist with the bank, admitted that the latest forecast could be seen as „too pessimistic“. According to the…

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Norwegian airline opens base in Riga Airport

Opening a habitual base will strengthen the company’s presence in Latvia. Riga Airport will be the base airport for the…

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Lithuania records lowest annual inflation rate in EU in April

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April…

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Deistra CEO: “Our sales on Pigu.lt have almost tripled”

The expansion was not delayed “By not postponing our future expansion into Estonia, Latvia and Finland, we have secured an…

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Government adopts Lithuanian hydrogen development roadmap

The document outlines the strategic directions and milestones for hydrogen development, the business environment and the challenges for employing hydrogen…

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airBaltic introduces additional pop-up flights for summer

The new pop-up flights will include a domestic service between airBaltic’s home base in Riga, Latvia and the coastal city…

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Cold weather prompts Vilnius city to switch on heating

“To ensure that the heat reaches the radiators in the flats, it is important that house managers or supervisors appointed…

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Lithuania’s govt debt to GDP among lowest in EU last year

In the euro area the government debt to GDP ratio decreased from 90.8% at the end of 2022 to 88.6%…

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Lithuania is one of the most promising fintech locations for US investors

“Lithuania is one of the most attractive locations in the Fintech sector, we currently have 270 different Fintech companies operating,…

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Several new banks likely to open in Lithuania this year

“It is very likely that a number of smaller banks, both from abroad and those in the process of obtaining…

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