Retail bank Luminor is set to lay off off around 800 members of staff in the Baltic States in 2019. Around 130 employees in Estonia, 250 employees in Latvia and 420...
Business
Czech energy group Sev.en Energy is acquiring a 50 per cent stake in the independent power generator InterGen. InterGen has a portfolio capacity exceeding 4,000 MW with...
Croatia’s Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butković, has said that the country’s troubled national airline, Croatia Airlines...
Orbico, one of the largest distributors of consumer goods in Central and Eastern Europe, has agreed a deal to buy 60 per cent of Romania’s leading distributor...
Rolling stock manufacturer PESA Bydgoszcz has signed a deal with Stolichen Electrotransport EAD in Sofia to supply the Bulgarian capital with 13 Swing trams. The deal is...
German group Sunfarming has secured 20 million euros in debt financing for the construction of 40 MW of solar photovoltaic (PV) parks in Poland. The Polish subsidiary of...
The Czech Republic’s taxation authority has excluded the Chinese IT company Huawei from a public tender procedure to build a tax portal for almost 20 million euros. The...
The International Finance Corporation, a member of the World Bank Group, is providing a 55 million-euro loan to Garanti Bank Romania to help finance small and medium...
The world’s largest social network, Facebook, has announced plans to open a content review centre in the Bulgarian capital Sofia. The media giant will work...
The European Commission has ruled that Poland’s 36 million-euro investment aid to chemical company LG Chem for a new electric vehicle batteries plant in the...
US private-equity firm Horizon Capital, which invests in high growth and export-driven companies in Ukraine and the near region, has closed its third fund, Emerging...
The government of Kosovo has announced new plans to privatise Kosovo Telecom, with the help of the European Bank for Reconstruction and Development (EBRD). A number of...
