Global Champs, a Latvian-owned company, has acquired Baltic Champs, a Lithuanian mushroom cultivation company, from the Lithuanian agricultural group Auga Group, supported by EUR 5 million in financing provided by Signet Bank.  Baltic Champs is one of the largest and most advanced mushroom producers in the Baltic region. The company cultivates and wholesales fresh mushrooms […]

The European Banking Federation, with its members and a number of participating banks, has commissioned Oliver Wyman with a new, independent, fact-based study on the competitiveness of European banks. The report was published on June 9th and a first copy was presented in Brussels on that day to the hon. Enrico Letta in the presence […]

May ended with a nine-week winning streak for the S&P 500, its longest weekly streak since December 2023, with the index gaining 5.2% for the month, while the Nasdaq surged 8.4% as equities pushed to fresh highs despite a backdrop that continued to remain anything but calm. In Europe, the STOXX 600 gained 2.4% and […]

Luminor Bank has granted €7.5 million in financing to real estate developer Berzins Investment Ltd for the construction of a modern office building in Riga. The planned mixed-use building will be located at the intersection of Miera and Brīvības streets, next to the Dailes Theatre – one of the most visible and central locations in […]