Date: 17.05.2017.

International Internet Magazine. Baltic States news & analytics Thursday, 27.07.2017, 01:27

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Profit of Swedish clothing retailer H&M in Latvia shrinks twice

Profit of Swedish clothing retailer H&M in Latvia shrinks twice

17.05.2017

Swedish clothing retailer Hennes & Mauritz (H&M) in the past fiscal year that lasted from December 1, 2015, until November 30, 2016, posted EUR 28.434 million in sales in Latvia, up 4.3 percent from the previous fiscal year, while the company’s profit dropped twice to EUR 705,682, according to Firmas.lv business database writes LETA.

Keyword tags: Financial Services, Latvia, Markets and Companies, Retail



Coop to expand new logistics building for EUR 1.3 mln

Coop to expand new logistics building for EUR 1.3 mln

17.05.2017

Estonian retail group Coop is set to expand its new logistics and office building in Soodevahe village near Tallinn by 2,500 square meters for 1.3 mln euros, reports LETA/BNS.

Omniva looking for builder of EUR 16 mln logistics center

Omniva looking for builder of EUR 16 mln logistics center

17.05.2017

The Estonian state-owned logistics company Eesti Post AS operating under the Omniva brand is looking for the builder of a 16 mln euro and 13,000 square meter logistics center in Rae local municipality near Tallinn, reported LETA/BNS.


Latvia's Ditton PKR motor chain company joins Latgale Special Economic Zone

Latvia's Ditton PKR motor chain company joins Latgale Special Economic Zone

17.05.2017

Latvia's Ditton Pievadkezu Rupnica (Ditton PKR) motor chain plant, based in the southeastern Latvian city of Daugavpils, has joined Latgale Special Economic Zone, reports LETA.

Cooperation with Uzbekistan is important both for port and Latvia’s transport sector – Riga Freeport

Cooperation with Uzbekistan is important both for port and Latvia’s transport sector – Riga Freeport

17.05.2017

ooperation with Uzbekistan in transport and logistics is important both for the Riga Freeport and for Latvia’s transport sector in general in order to ensure alternatives for the declining transit cargo flow from Russia, the port’s administration said.


17.05.2017

Less than half of companies are prepared to face growing threat from hackers

The threat of financial losses from malware that encrypts computer users’ data, known as cryptolockers or ransomware, is growing, according to PwC experts. They emphasize that only half of companies surveyed by PwC have intrusion detection tools and actively monitor & analyse information security intelligence, while less than half of companies conduct vulnerability assessments, conduct threat assessments and use threat intelligence subscription services .

17.05.2017

airBaltic Launches Flights Between Riga and Liepaja

Riga. Latvian airline airBaltic on May 16, 2017, launched domestic flights linking Riga and Liepaja. The new route opens the city on the Baltic coast for visitors from 60 airBaltic destinations in Europe, Scandinavia, the Middle East and the CIS, airBaltic informed BC.

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