Rising oil prices could hit Baltic inflation harder if tensions persist, economist warns

Renewed tensions between the United States and Iran have once again raised concerns about a broader conflict in the Middle East, sending oil prices sharply higher. Following the latest escalation, the price of Brent crude rose by around 20 dollars per …

Hungary’s OTP Bank to acquire Baltic lender Luminor

Hungary’s OTP Bank is set to enter the Baltic banking market through the acquisition of Luminor Bank, according to a statement published on Luminor’s official website. The announcement said OTP Bank has signed an agreement to acquire Luminor from a …

OTP Bank to acquire Luminor, opening a new chapter in Baltic financial markets

OTP Bank has signed an agreement with a consortium of private equity funds managed by Blackstone, and DNB Bank, to acquire Luminor, the third-largest banking group in the Baltic region. Over recent years, Luminor has strengthened materially its business …

While Baltic ports empty, Russian ports grow richer. Was this really the goal of sanctions?

Opinion article Every year, Latvia hears the same message: the state is short of money. There is not enough funding for healthcare, defence, education or infrastructure. At the same time, ports are losing cargo, the railway is laying off employees, and …

Lithuania Warns of Risk of Russian Provocations in Baltic States and Poland

Russia may view the Baltic states and Poland as its next targets for escalation due to setbacks in the war against Ukraine. This was stated by Lithuanian Defense Minister Robertas Kaunas on the Lithuanian broadcaster LRT. According to him, since Russia has …

How the Baltic States' New Cross-Border Gambling Rules Are Reshaping Online Play for Residents

Last March, a quiet but significant headline passed through Brussels: Latvia, Lithuania, and Estonia had agreed in principle to share a unified self-exclusion register for online gambling. No fanfare. No press conference in Tallinn or Riga. Just a …

Lithuania's defence minister says Russia views Baltic states, Poland as next targets

Russia near NATO borders – Baltic countries actively warn of possible aggression

Against the backdrop of Russia's failures in the war against Ukraine and increasingly frequent statements by Western politicians about possible Kremlin provocations against NATO countries, the security of the Baltic region has once again come into …

Are the Baltic States Ripe for a Russian Invasion?

Poland and the Baltic States of Lithuania, Latvia, and Estonia believe they are the targets of Russian hybrid warfare. Russia is, in fact, at war with these countries, each of which has an eastern border ripe for an invasion similar to that which took …

Belarusian radio reported a decline in the Baltic States’ transportation sector. However, Lithuania, Latvia, and Estonia ...

Fake card Fake: After joining the European Union, the Baltic States lost their industries, railways, and transportation systems. Fact: The density of the railway network in the Baltic States is comparable to that in Belarus. It is even slightly higher in …