European Union (EU) member states on Friday backed additional tariffs on electric car imports from China, despite opposition from the bloc’s biggest economy, Germany, sources in EU diplomatic circles revealed. . The ambassadors of ten EU countries, including France and Italy, voted for additional tariffs of up to 35.3%, five countries, including Germany and Hungary, … Read more
The Swedish bank “TF Bank”, which specializes in consumer loans, has opened a branch in Lithuania. The branch started working this week. “TF Bank” has become the 19th bank or branch of a foreign bank operating in Lithuania, but previously it provided services in the country without a branch, the Bank of Lithuania announced. According … Read more
The non-bank lender “Eleving Group” will start the initial public offering (IPO) of shares in the Baltics and Germany on September 23. During the IPO, “Elevating Group” will offer the opportunity to subscribe for up to 24.5 million ordinary shares, or 20.7% of “Elevating Group” shares, and the price is set in the range of … Read more
If we invest money in a term deposit or in a savings account – it is no longer just saving, but also earning, and is equally applicable to companies as well as individuals. In addition, investments can be an important financial management tool for companies, as they allow increasing cash flow, increasing profits, as well … Read more
Investment platform “Mintos”, established in Latvia, made a profit of 650,419 euros last year, compared to a loss a year earlier, the company informs. On the other hand, the company’s revenue increased by 30% last year, reaching 11.445 million euros compared to 8.832 million euros in 2022. At the end of the year, the amount … Read more
The market value of Berkshire Hathaway, the investment company owned by American billionaire and investor Warren Buffett, crossed the $1 trillion mark on Wednesday, the first non-technical company on Wall Street to achieve success. Buffett, who turns 94 on Friday, has led Berkshire Hathaway since 1970, turning it from a small clothing company into one … Read more
The Italian international financial company “UniCredit” is also interested in buying a significant part of the bank “Luminor” operating in the Baltic States, which is currently owned by the US investment company “Blackstone” , according to the business news agency “Bloomberg”. The information at hand shows that UniCredit has submitted its offer to Blackstone to … Read more
The availability of housing improved in the second quarter of this year in the two capitals of neighboring countries – Tallinn and Vilnius, but they almost did not change in Riga, according to reports. Bank of Sweden Review of Baltic housing affordability. This is largely due to a slight increase in the average price of … Read more
The energy resource trader AS “Virši-A”, which operates under the brand “Virši”, plans to start biomethane production in the new factory in the second half of 2025, said Jānis Vība, chairman of the board “Virši -A”, on Friday in a webinar about the financial results of the first half of 2024. The biomethane plant, which … Read more
When they go to the bank for a loan, potential borrowers usually feel a little worried that the bank will refuse to lend money, and if they grant a loan, then under what conditions. To get a better understanding of how the credit history is created and how it affects the possibilities for individuals and … Read more