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BUSINESSEstonia's state-owned passenger rail operator Elron wants to modernize the trains running between Tartu and Rīga to attract more passengers to the route. It would also like to rent the trains to Latvians for use on local routes, reports Estonian public media ERR News, citing a letter the company…
BUSINESSThe national airline ‘airBaltic’ plans to make around 100 pilots and 200 cabin crew members redundant. This was announced by the Latvian Aviation Trade Union (LAA). From Saturday, staff will begin to receive information on whether their employment contracts will be renewed. “airBaltic” has…
BUSINESSSwedbank is laying off around 100 staff in the Baltic states, while the bank says Artificial Intelligence (AI) could lead to further layoffs in future, reports ERR News in Estonia.
BUSINESSEurope has a peculiar problem. As one of the world's largest economies, we have the talent, capital, technology, and market size to compete. Yet we struggle to turn these advantages into economic success. Our companies face barriers to expansion, our savings fail to finance innovation, and…
BUSINESSA new report from the Latvian central bank says lending activity has grown "significantly" but that there is still room for further growth in the market.
BUSINESSFor the first time in Latvia’s history, individuals are being tried for market manipulation. The defendants do not admit their guilt in carrying out fictitious transactions designed to inflate share turnover on the stock exchange and thereby gain an additional sum of more than 100,000 euros. The…