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Fazer Group moves production from Tallinn to Ogre and Kaunas

Fazer Group moves production from Tallinn to Ogre and Kaunas

02.09.2014.

In order to increase the efficiency of its production process, Finnish bakery Fazer plans to invest EUR 5 million into its subsidiary in Latvia by establishing a new plant in Ogre. At the same time, the Group plans to implement various changes in its production process in the entire Baltic region by moving its production facilities from Tallinn to Latvia and Lithuania, Managing Director at Fazer Bakery Baltic Petri Kujala informed the business portal Nozare.lv, cites LETA.

Keyword tags: Baltic, Foodstuff, Investments, Latvia, Markets and Companies


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Approaches to media sector in Europe: Commission’s coordinating efforts

Approaches to media sector in Europe: Commission’s coordinating efforts

22.05.2014.

The article underlines the Commission efforts towards media sector plays a key economic, social and cultural role in the EU. Generally, Europe has a strong media industry, which creates growth and jobs and presents European life, history, culture and values around the world. The media landscape is following a transformation, characterized by a steady increase of convergence of media services, with a visible move towards intertwining traditional broadcast and internet. The EU institutions cannot do much about regulating the media sector in the member states as these “regulations”, according to the Lisbon Treaty, are of supplementing and coordinating character.

Keyword tags: Education and Science, EU – Baltic States, Latvia, Legislation, Markets and Companies, Round Table, Technology


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