aA
The Swedbank group is the highest-valued company in the Baltic states. The company's worth grew 22 percent over the last year to reach EUR 3.9bn. It tops the list of the ten highest-valued companies in Lithuania, Latvia and Estonia.
Three Lithuanian names among top 10 highest-valued companies in Baltics
© DELFI / Mindaugas Ažušilis

Companies operating in the Baltic market have been assessed by the investment banking consultancy Prudentia and Nasdaq Riga, according to a press release by the credit bureau Creditinfo.

Second on the list is the SEB Bank group whose worth has grown 19 percent compared to last year and stands at EUR 1.9bn. Number three is Estonia's Tallink Grupp, which lost 12 percent of its value over the year and is now worth EUR 1.6bn.

Maxima group, operator of the Maxima grocery chain, is the highest-ranked Lithuanian company on the list, at the fifth spot. The Baltic top 10 includes two more Lithuanian companies, Lithuanian Railways (7th spot) and Lithuanian energy (8th spot).

"Highest-valued companies have a huge impact on the economy, its potential and creation of jobs. It's natural to see three banks in the list. By financing businesses and collecting deposits from people, credit institutions play an important role in furthering economic development. Therefore the worth of financial institutions grows along with the economy. And vice-versa - by financing business, credit institutions further GDP growth," says Creditinfo CEO Andrius Bogdanovičius.

Three Lithuanian names among top 10 highest-valued companies in Baltics
|Populiariausi straipsniai ir video

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Lithuanian Airports join international project dedicated to people with hidden disabilities

The national airports operator further pursues the goal to ensure a smooth travelling experience for...

Opera to acquire Lithuanian specialised bank

Opera, headquartered in Oslo, Norway, announced its intention to purchase Fjord Bank subject to...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Top news

Nauseda: Lithuania will have to go back to financial discipline after corona crisis

Once the coronavirus crisis ends and the economic situation gets back to normal, Lithuania will...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Loop traffic has taken effect in Vilnius Old Town

On 7 July, a new order for arranging traffic in Vilnius Old Town took effect – visitors and...

Kaunastic discoveries: music in Kaunas this July

Here’s what the Kaunas calendar has to offer, including cumbia, classical music , urban sounds...

|Maža didelių žinių kaina