Baltic States to Launch Combined Capital Market

capital markets

The finance ministers of Estonia, Latvia and Lithuania announced on November 6 that they had agreed to create a pan-Baltic capital market to strengthen their economies and stimulate investment. Toomas Tõniste (Estonia), Dana Reizniece-Ozola (Latvia) and Vilius Šapoka (Lithuania) signed a Memorandum of Understanding in Brussels in which the three countries agreed to harmonise capital market regulations and dismantle investment barriers. All three Baltic States suffer from a number of constraints caused by the relatively small size of their markets: the agreement should help them overcome such limitations.

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Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda,  MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region

Estcoin: Estonia’s Own Digital Currency?

1 euro coin money (EUR) currency of European Union Estonia over blue background

Estonia might be the first country in the world to offer its own token through an Initial Coin Offering (ICO). ‘Estcoins’ would be managed by the Republic of Estonia, but accessed by anyone in the world through its e-Residency programme. They would be launched through an Initial Coin Offering (ICO), which would enable companies to crowdfund their finance and incentivise a wide range of people to help grow their businesses.
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