International Internet Magazine. Baltic States news & analytics
Friday, 20.04.2018, 11:54
Vilnius' Ikea store operator pays EUR 3.4 mln in dividend
12.01.2017Felit, the operator of the Ikea store in Vilnius, posted 56.992 mln euros in revenue in the past financial year, up by 24.4%, from 45.829 mln euros, in the earlier year that opens in September and closes next August.
Keyword tags: Financial Services, Good for Business, Lithuania, Markets and Companies, Retail
Estonia's Windoor to file claim against Kazakhstan in Washington arbitrage court
12.01.2017Since the state-owned Kazakh company has still not recognized the decision made by the Stockholm arbitration court in favor of the Estonian construction company Windoor at the beginning of last year, the latter is to submit a claim in the Washington arbitration court against the Republic of Kazakhstan, writes LETA/BNS.
Inflation rises faster than expected
12.01.2017This time, the economic analysts were unanimous in their assessment that inflation would rise, but the actual data still exceeded the forecast; and it was the result of supply side factors. In December, consumer prices rose 0.6% month-on-month and 2.2% year-on-year. This ended the four-year period of very low (close to zero) inflation.
Lithuania turns to EU Court of Justice over place of hearing of flyLAL and AirBaltic dispute
12.01.2017The European Union's (EU) Court of Justice has been asked to specify whether the claim filed by bankrupt company flyLAL-Lithuanian Airlines (flyLAL) against Latvia's Air Baltic and the Riga Airport can be heard in Lithuanian courts, reports LETA/BNS.
Estonia`s exports and imports increased in November
12.01.2017According to Statistics Estonia, in November 2016, the exports of goods increased by 6% and imports by 7% compared to November 2015. The rise in exports was influenced the most by an increase in the exportation of wood and articles of wood and mechanical appliances and the rise in imports by an increase in the importation of base metals and articles of base metal.
Estonian govt makes easier hiring seasonal workers from abroad
The Estonian government on Thursday approved a regulation which will make it easier to employ seasonal workers outside of Estonia, including by lowering the minimum pay requirement for seasonal workers from third countries and increasing the maximum period of time for working in Estonia, reports LETA/BNS.
New light-vehicle registrations in the Baltic States increased more than 14% in 2016
New light-vehicle (M1&N1) registrations in the Baltic States increased by 6.5% to 15’772 units in IV quarter 2016, that show analysis of fully-processed registrations’ data performed by AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia).
“Knowing entrepreneurship”: challenges for the Baltics’ authorities 
