
Latvia makes a profit out of Air Baltic
Latvia owns 97.97% of airBaltic shares, and a sale could raise €300 million. The company is looking to list in Riga and London.
Latvia owns 97.97% of airBaltic shares, and a sale could raise €300 million. The company is looking to list in Riga and London.
Frankenbur’s goal is to develop drone technology ten times cheaper than what’s available on the market and supply to national forces.
Poland is the largest military power among the former members of the Warsaw Pact, the third largest army in NATO and will allocate 5% of GDP to defence.
The capital of Lithuania has decided to prepare for a possible war scenario, with a plan for the total evacuation of the city within 48 hour.
Interest rates on loans and banks deposits fell substantially over the year, while term deposit made up 97% of the total held by households and companies.
Flo Health expands its operations in Lithuania advancing tech-driven personalization and reinforcing privacy and security efforts.
Inflation over 2024 remained high following the food commodities on global markets. Wage pressures will be key for steering the future.
In Poland, the construction sector remains in a deep recession (-9.6% YoY in October). The first signs of a recovery are expected in 2025.
Poland forecasts economic growth amounting to 2.7%, poor development in the current account, and upward pressure on core price increases.
More than 10,000 U.S. troops are currently stationed in Poland, a presence boosted by the new missile base inaugurated in Redzikowo.