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
Despite automation, digitization, Green Deal requirements and artificial intelligence capabilities, Europe will need more and more workers, and at the same time retraining and lifelong learning will be needed with a national approach. This was revealed by Baiba Rozentāle, head of the customer service department of the personnel rental company SIA Biuro, in an interview … Read more
Estonian real estate company “Kose Männisalu” has become the owner of Latvian construction company SIA “Merks”, according to “Firmas.lv” information. On the other hand, the Estonian citizen Mēlis Olevs has become a real asset to the company. It was already reported that the Estonian construction company “Merko Ehitus” announced at the beginning of August that … Read more
Along with an increase in the financial market and high interest rates in the Baltic countries, the bond market is attracting more interest from investors. Do the securities still offer good investment opportunities, or are there signs that the Baltic market is getting too hot? A number of factors have contributed to the attractiveness of … Read more
The milk processing and ice cream production company “Food Union”, which includes the production centers AS “Rigas piena kombināts” and AS “Valmieras piens”, closed the year 2023 with a consolidated turnover of 150.2 million euros , which is +12% more compared to the previous period (127.8 million euros). Gross profit increased +49% from 17.7 million … Read more
Bitcoin and gold are often compared in financial circles, especially given their reputation as a “store of value” and their status as “safe” investments in times of economic turmoil. This analogy has gained even more traction with the rise in popularity of digital currencies, leading some to refer to the phenomenon as the “new digital … Read more