International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 04:09
During the next two to three years, the market share of Latvijas Neatkariga Televizija (LNT) and TV3 television channels will reduce to 50-60%, Kaspars Ozolins, the head of Swedish media group Modern Times Group (MTG) operations in the Baltic States, said in an interview with Latvian State Radio today.
Keyword tags: Advertising, EU – Baltic States, Latvia, Markets and Companies, Telecomunications
"Those who change will endure," IMF Managing Director Christine Lagarde declared during the opening of today's conference on the recovery of Baltic economies in Riga, quoting the famous Latvian poet, playwright, translator and politician Janis Rainis.
According to documents made public by journalist Lato Lapsa, who also writes for the investigative journalism portal ''Pietiek.com'', the head of Unity's group at Saeima Dzintars Zakis purchased a new ''Volvo XC60'' sport-utility vehicle at the beginning of the year without paying the state approximately EUR 8,880 in value-added tax (VAT).
The Estonian retail trade chain AS Tallinna Kaubamaja announced on Tuesday that its subsidiary OptiGroup Invest OÜ entered into a contract for acquisition of 100% of the shares of AS Viking Motors.
Estonia's oldest manufacturer of custom-made prefabricated timber frame houses Matek has opened a new plant in Pärnu, news service BBN writes.
Fuel retailer LUKoil Baltija R (LUKoil) achieved LVL 230.37 million in turnover and LVL 1.16 million in profit in 2011, according to data from Firmas.lv.
In an interview with LETA, Foreign Minister Edgars Rinkevics said that Latvia must approach discussion on the European Union's multi-annual budget from 2014 to 2020 realistically, as discussions on the bloc's financial perspectives will be tough, but not without compromises.