RIGA - Representatives from companies searching for oil deposits in Latvian territorial waters said after a meeting with President Andris Berzins at the House of the Blackheads on May 20 that they ...

TALLINN - Estonian Foreign Minister Urmas Paet, who was on a visit in Mexico together with Finnish Minister for Foreign Trade Alexander Stubb and an Estonian-Finnish business delegation last week, ...

VILNIUS - A survey performed by the Bank of Lithuania shows that commercial banks, for the second half-year in a row, have eased credit conditions for small- and medium-size businesses, and in the ...

PARIS - Undeclared economic activity, the so-called ‘black economy,’ in Europe shrank last year to 19 percent of declared output from 19.3 percent in 2011, a study for the Visa credit c...

VILNIUS - With Latvia on track to adopt the euro on Jan. 1, that leaves Lithuania, among the Baltic countries, still waiting to join the club. Lithuania has real possibilities to introduce the euro...

TALLINN - Up to 40 new books have arrived at Estonian bookstores in 2012, evidence that in times when the Western European book industry is stalling, Estonia’s business is flourishing, report...

The European Commission demands that new cash injections into the Estonian national carrier Estonian Air be stopped since it thinks that they are illegal, reports Eesti Paevaleht. “The Commis...

RIGA - Rising levels of non-residential deposits within the Latvian banking system are credit negative, Moody’s Investors Service warns in a comment published on May 2. The agency says that t...

RIGA - It is necessary to wait for recommendations from World Bank experts before reforming the Latvian port management system, Prime Minister Valdis Dombrovskis said in an interview with the LNT m...

The American political theorist Mark Lilla once wrote a perceptive review essay on the New Right in France, which he entitled “The Strange Birth of Liberal France” (The Wilson Quarterly...

VILNIUS - The government is going to start heating sector reform valued at 1 billion litas (289.6 million euros) in an effort to modernize the system, reports ELTA. “The government is tak...

TALLINN - Swedbank claims that Estonia’s export volume per capita is very close to the same indicator of Finland and next year could pass Finland, reports Aripaev Online. “While last ...

RIGA - Latvia’s Transport Ministry will have a month and a half to inform the government about the possibilities of purchasing new trains and modernizing existing rolling stock, Prime Ministe...

TALLINN - Estonian Transport Commissioner Siim Kallas considers Rail Baltica the most serious of the many transport projects currently counting on European Union funds support, reports Public Broad...

VILNIUS - Kinze Manufacturing Inc., an Iowa-based maker of farm machinery, will open it’s first factory outside the U.S. in Lithuania this year to support expansion in Central and Eastern Eur...

TALLINN - Estonia’s economy slowed more than economists estimated in the first quarter, to the weakest pace in three years as the construction industry stumbled, reports Bloomberg. Gross do...

VILNIUS - The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant Gazprom, EU Energy Commissioner Guenther Oettinger sai...

TALLINN - The Goethe Institute, in cooperation with the BMW Group and Kumu Art Museum, is bringing four works of art from the extraordinary BMW Art Car Collection to Estonia. Since April, within th...

Director: JJ Abrams Many modern day movie franchises are based upon TV shows and characters with a long (and often convoluted) history. In his first Star Trek film, JJ Abrams cleverly had his ...

RIGA - The Liepajas metalurgs shareholder expressions of goodwill to cooperate with the Latvian government in order to rescue the company from bankruptcy has been shown to be hollow by their recent...