This week in Latvia's economy highlights significant growth factors, including Balticovo's 120 million euro investments in production capacity and sustainable infrastructure, alongside steps taken by the state to optimize governance processes, such as the liquidation of the Insolvency Control Service.

Australian financier Lex Greensill has failed in his attempt to persuade a court to dismiss a case brought by the UK Insolvency Service seeking to ban him as a director, meaning he must now face trial.

Estonia's Insolvency Service warns that an outdated insolvency proceedings system, marked by serious management failures and weak accountability, could turn the country into a hub for crime, with abandoned debts from assetless companies reaching €385,000.

The number of company administrations in the UK jumped by 41% between December and January, according to the Insolvency Service, indicating a surge in high street failures at the start of the new year.

The collapse of MFS has led to an 82% year-on-year increase in administrations across England and Wales last month, according to the Insolvency Service.