The European Central Bank (ECB) may cut interest rates again if inflation continues to decline and economic growth remains weak, the head of the Central Bank of Lithuania and ECB Council member Gedimin Šimkus announced on Monday. Pointing to forecasts that inflation in the Eurozone will be 2% next year, Šimkus told reporters in Vilnius … Read more
Special or the highest quality AS coffee roasting company Kalve Coffee (KALVE) announces the change of its legal form from a limited liability company (SIA) to a joint stock company (AS), the creation of a board, as well as an increase in the company’s share capital. Therefore, the company continues to actively prepare for its … Read more
Lithuanian drilling, demolition and blasting services company “Detonas” plans to build a trinitrotoluene (TNT) plant in the north of the country, the cost of which is estimated at 28 million euros, and it is expected that the his annual income. could reach 50 million euros. The company plans to invest in the production of TNT … Read more
More than 30 million euros are invested in the construction of a data center “Digital Development Center” SIA Latvia (DEAC) and Lithuanian brand “Duomeņu logistikos centras” (DLC) “Delska” in Riga, informs representatives of “Delska” . “. A new 10 megawatt (MW) certified “Slat III” data center is being built in Riga. Commissioning is planned for … Read more
Cogeneration plants powered by natural gas, which have been despised and criticized for a long time in Latvia and were shut down as a result of the fight against OIK, can now be valuable asset of the electricity balancing market. Unlike other technologies of energy resources, which require several hours for effective start-up and warm-up … Read more
In the first nine months of 2024, the data center business turnover of the technology and innovation company “Tet” has increased by 16% compared to the same period last year. The number of businesses that have started to use data center services more actively is also increasing, including retail, e-commerce and manufacturing. Customer interest in … Read more
This year, the situation in the wood industry is similar to the situation last year, Jānis Mierkalns, a member of the board of the wood production and trading company SIA “Pata”, told LETA. He said there is still low demand in the export markets for soft wood products, which are used by consumers for building … Read more
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