Baltic States
Erdogan backs off threat to veto Nato defence plan for Poland, Baltics
Military bloc’s leaders don’t discuss Turkish leader’s demand for classification of Kurdish militia as “terrorist”. Communique describing “a forward-looking reflection process” appears to give strongman way out of dispute.
Estonia’s Coop Pank raises €37.9mn in IPO on local exchange
Coop Bank sells 71% of offered shares as retail investors help get IPO away despite disappointing response from institutional amid flood of negative news stories on Baltic banking sector.
Estonian GDP growth rate accelerates to 4.2% y/y in Q3
The pick-up in economic expansion in the third quarter arrived on the back of investment growing 8.1% y/y.
Used clothing marketplace Vinted becomes Lithuania's first ever $1bn tech unicorn
Lithuania-based Vinted has raised €128mn in its latest funding round, which values the company at over $1bn making it Lithuania's first ever tech unicorn.
EBRD: Pace of emerging Europe economic growth slows as global outlook weakens
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc