It was reported on Reuters that the Lithuanian government encouraged utility company Leituvos Dujos shareholders to seek arbitration against natural gas supplier Gazprom. Voting was held on Thursday to force Gazprom to reduce its prices. Lithuania currently pays some of the highest utility prices in Europe, much higher than paid by her nearest neighbours...
Sourced by Cormack Consultancy ltd. What do firms expanding to the Eastern Europe need to know before starting marketing in local social media? It was recently announced that IKEA plans to conquer further the Eastern European market by entering Lithuania, and later opening its stores also in Latvian and Estonia. It is not the...
TechHub backed by Google is to open a workspace for business startups in Lativa – Riga. This is great news for the country and the region. The size of the office is to be over four thousand square feet giving ample space to all. The concept was founded by E. Varley and M.Butcher last...
Lithuania’s nuclear power plans are back on track with two new propositions on the table. On Wednesday the Lithuanian government announced it had received two bids from rival companies to build a new nuclear power plant. Energy Minister, Arvydas Sekmokas stated that the two bids were from Westinghouse, a branch of Toshiba Corp. and...
All three Presidents of the Baltic states; Lithuania, Latvia and Estonia had the opportunity to meet and hold individual discussions with US President Barack Obama in Warsaw, Poland at a dinner on Friday. As part of his European tour President Obama attended a working dinner in Poland with the leaders of Central and Eastern...
Leading banking group, Swedbank are currently holding discussions with Nasdaq QMX Group who operate the Nordic/Baltic stock exchange, to consider listing Swedbank on the Tallinn Stock Exchange. Swedbank is a leading bank in Sweden, Estonia, Latvia and Lithuania, who are able to provide financial services to corporate organisations well as private individuals. Swedbank’s current...
