A collection of 122 posts
The EU’s CO2 trading mechanism is a“roller-coaster” and fixed-price contracts would stabilise the situation and offer better conditions to electricity sellers, Estonia’s Prime Minister Kaja Kallas told Parliament on Tuesday. Soaring energy prices in the Baltic country have sparked debate inside the progressive Estonian governing coalition of
Price rises in Central and Eastern Europe (CEE) countries were mostly above the Eurozone average of 4.9% in November, as inflation surged at the highest rate for 25 years, according to the latest data of the Organisation for Economic Cooperation and Development (OECD). Lithuania had CEE’s highest year-on-year
Business services and products including fintech are the key field for startups in the Baltics. Fighting fraud, data visualizations and effective work tools. Startups offering business services from the Baltic countries of Estonia, Latvia and Lithuania, (combined population circa 6.2 million) now number the thousands. As well as fintech,
In our second deep dive into the Baltic tech business scene, CET looks at startups that take physical health and psychological well-being equally seriously, especially in the wake of the global pandemic outbreak in 2020. Finding a niche Modern health startups are increasingly tailor-made for different audiences and groups. While
In our first deep dive into the innovative Baltic startup scene, we look at companies with new approaches to recycling, reforestation, oil disposal and even nuclear energy . Fighting deforestation with satellites Estonia’s Single.Earth was founded two years ago based on a belief that it is possible to save
This week The Central European Times investigates the startup scenes of the three innovative but diminutive Baltic countries Estonia, Latvia and Lithuania, whose small size makes companies open and internationally oriented from day one. Read our exclusive reports on environmental startups in the Baltics here, healthtech startups here and cutting-edge
US President Joe Biden discussed the threat of a possible Russian attack on Ukraine with numerous NATO member countries in Central and Eastern Europe (CEE) on Thursday. Speaking with the leaders of Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia for 40 minutes, Biden pledged to
With Russian troops amassing at Ukraine’s eastern border, negative sentiments toward the Nord Stream 2 (NS2), both within Germany and among its allies in Central and Eastern Europe, are emerging, Newsweek writes. Estonia, Latvia and Lithuania are urging the incoming German coalition to reconsider the gas pipeline, which the
Since Britain voted to leave the EU in 2016, hundreds of UK-linked entrepreneurs have taken up e-residency in Estonia. From the moment it became clear that the UK have voted to leave the EU, the small Baltic country has been enjoying this Brexit benefit. Prime Minister Kaja Kallas is only
Estonia received the third most venture capital (VC) per person in the world over the last 12 months, according to business information platform Crunchbase. The Baltic country’s lofty position on the list is mainly due to the multinational Bolt, which raised nearly USD 700 million in a funding round
It has been hailed in the Baltic countries of Estonia, Latvia and Lithuania as their most ambitious shared project for a century. Rail Baltica – a EUR 5.8 billion high-speed railway between Helsinki and Warsaw – was originally planned for completion in 2026. However the north-east-Europe-spanning rail-link between the Finnish and
Loosening the EU’s Emissions Trading System (ETS) would lessen the currently dramatic rises in energy prices, Estonia’s Economy and Infrastructure Minister Taavi Aas wrote on Tuesday. The ETS is not the root cause of the recent soar in European gas and electricity prices, but modifications to it could
The three Baltic states – Estonia, Latvia and Lithuania – are all highly competitive in terms of taxes, according to the latest International Tax Competitiveness Index (ITCI). Estonia leads the ITCI rankings for the eighth consecutive year thanks to minimal levies on non-resident businesses, low marginal tax rates on individual income and
Latvia has announced a month-long COVID lockdown after a surge in infections and hospitalisations, becoming the first EU country to reintroduce the strict conditions in place across much of Europe earlier in the year. In the early days of the Coronavirus pandemic, Latvia received praise for its successful response. However
House prices have more than doubled in Estonia and Hungary over the last decade, according to a Eurostat survey that puts seven CEE countries in the top ten of the European Union member states. The average cost of a home in the EU-27 rose 34% from 2010 to the second