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Baltic states consider setting up joint film production support fund

Lithuania, Latvia and Estonia are considering establishment of a three-country Baltic fund that would support joint film and television production. […]

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Lithuanians spend less on food than Latvians or Estonians

A study of the expenses of households carried out by Swedbank’s Institute of Private Finances has revealed that Lithuanians spend less money on food than Latvians and Estonians. A family of four people that lives in Vilnius spends EUR 291 per month on recommended food products. The same food products cost in Riga by 7.2 percent more – EUR 312, whereas in Tallinn by 2.7 percent more – EUR 299. […]

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Baltic states refuse common border guard exercises with Russia

Estonia, Latvia, and Lithuania have refused to participate in joint border guard exercises with Russia, according to the Estonian Public Broadcasting (ERR). […]

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Russia’s military games for Baltic and Polish civilians and youth

With the Russian 9th of May celebrations of Soviet victory in World War Two approaching, many in the Baltic States are concerned about the potential risk of provocations or confrontation stemming from the more radical and disgruntled elements of the local Russian minority. Moreover, since Russia launched a shadow war in eastern Ukraine in 2014, NATO, American, and European governments have been increasingly concerned about the risks of hybrid warfare in Poland and the Baltic region. […]

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Economy

Lithuanian company acquires Latvian tea producer Inteka

The Kaunas-based tea and coffee wholesale trade company Gemaga has acquired Latvian tea producer Inteka, the holder of the popular Mozums trademark that controls around one-third of the Latvian market, as Vz.lt reported on Monday. The value of the deal has not been disclosed, but the Lithuanian portal indicates that the company’s financial indexes have been declining for the past several years. […]

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Economy

German entrepreneurs anticipate good opportunities in the Baltic States

Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region. […]