The Polish state defence firm Bumar-Labedy has signed an agreement with South Korea’s Hyundai Rotem setting out the terms of production in Poland of dozens of South Korean K2 tanks. It will be the first time in almost two decades that Poland will manufacture tanks domestically. The agreement, signed on April 27, formally defines the…
Swedbank and SEB in Estonia reported lower profits in the first quarter of 2026 as declining interest income tied to lower market rates offset continued growth in lending. Swedbank, the commercial bank with the largest market share in Estonia, posted a net profit of EUR 55 million in Estonia in the first three months of…
The approaches to the formation of the cost of construction have been updated. In particular, the rules by which the level of wages is determined in the estimates have been changed. These are projects that are implemented for public funds or loans provided under state guarantees. Previously, the level of wages in the estimates was…
The development of a strategic partnership between Ukraine and Romania, including expanded cooperation in industry and defense technologies, as well as support for the digitalization of SMEs, was discussed during a meeting between Oleksii Sobolev, Minister of Economy, Environment, and Agriculture of Ukraine, and the Minister of Economy, Entrepreneurship, Digitalization, and Tourism of Romania Ambrozie-Irineu…
Czech private rail company Leo Express will launch a new Prague-Bratislava route from April 30, running two daily return trains. One will start and end in Petrzalka, marking the first direct link between Prague and this district on the southern bank of the Danube. Advance tickets start at CZK 99 (EUR 4). The route will…
China has lifted sanctions on two Lithuanian banks, Urbo Bankas and Mano Bankas, in a reciprocal step following a European Union decision to remove restrictions on Chinese financial institutions. The move was announced by China’s state news agency Xinhua News Agency, which said the measures were removed after the European Union lifted sanctions on Heihe…
Latvijas Pasts, which operates the largest parcel locker network in Latvia, is expanding into Lithuania and Estonia by establishing local subsidiaries. The move aims to create a unified parcel delivery infrastructure across the Baltic States and strengthen export capabilities for businesses in the region. In Lithuania, the company will operate under the “Pasts” brand starting…