Lithuania's insurance broker Balto Link has established a subsidiary in Estonia as it seeks to offer services to the companies active in all Baltic countries, the Verslo Zinios business daily reports on Tuesday.

"Until March we worked in Lithuania and Latvia and we had no intentions to enter Estonia, but we have quite a few international customers active in all the three Baltic countries," Balto Link CEO, Robertas Saltis, spoke about reasons for expansion.

He notes that some competitors often use the advantage of being able to render services in all Baltic countries.

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LITHUANIA: Insurance broker Balto Link enters Estonian market