Date: 03.05.2017.

International Internet Magazine. Baltic States news & analytics Tuesday, 26.09.2017, 03:26

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Prisma stores in Latvia and Lithuania to be closed in June

Prisma stores in Latvia and Lithuania to be closed in June

03.05.2017

Suomen Osuuskauppojen Keskuskunta (SOK) Group has decided to shut down all Prisma stores in Latvia and Lithuania in June, as the company's representatives told.

Keyword tags: EU – Baltic States, Latvia, Lithuania, Markets and Companies, Retail



Lithuania’s economic growth has accelerated

Lithuania’s economic growth has accelerated

03.05.2017

Lithuania’s economic growth has accelerated. Due to favourable conditions in the beginning of the year, Lithuania’s economy in 2017 will grow faster than in the previous year, while the positive output gap will gradually increase. In the presence of such economic development, the pressure to increase wages and prices will persist. Without investment into higher productivity, the spiral of growing wages and prices in the future might decrease the competitiveness of Lithuanian companies, limiting economic development as well.

Hesburger to invest EUR 1.6 mln in restaurant in Riga

Hesburger to invest EUR 1.6 mln in restaurant in Riga

03.05.2017

Baltic and Finnish fast-food chain Hesburger will invest EUR 1.6 mln in another restaurant in Riga, the company’s development director Ieva Salmela reported LETA.


The turnover of retail trade enterprises in Lithuania increased by 1%

The turnover of retail trade enterprises in Lithuania increased by 1%

03.05.2017

Statistics Lithuania informs that, based on provisional data, in March 2017, the turnover (VAT excluded) of retail trade1enterprises amounted to EUR 822.2 mln at current prices; against February 2017, seasonally and calendar adjusted, it increased by 1% at constant prices (unadjusted – by 13.4%).

Balanced growth observed on non-bank lending market

Balanced growth observed on non-bank lending market

03.05.2017

Balanced growth was observed on the non-bank lending market last year, as the Alternative Financial Services Association of Latvia informed BC.


03.05.2017

First court hearing on Latvian trawler arrested in Norway to take place on May 4

A court of first instance is due to start hearing the case of the Senator, a Latvian trawler that has been arrested by Norwegian authorities for catching crab in a disputed territory, tomorrow, the ship's owner Peteris Pildegovics told LETA.

03.05.2017

Tallinn apartment prices up 4.7% on year in April

he price per square meter of apartments in Tallinn rose 4.7% year on year in April, averaging 1,660 euros, figures available from the Estonian Land Board show LETA/BNS.

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