International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:25
Raw milk purchases from Lithuanian producers declined last year, but the country's milk imports and exports increased, according to the Agricultural Information and Rural Business Center's publication Agrorinka (Agrimarket).
Keyword tags: Agriculture, Baltic Export, Foodstuff, Lithuania, Markets and Companies
In 2018, economic growth in Latvia exceeded the initial estimates. Growth was supported both by expanding investment activity and one-off developments; meanwhile, some risks did not materialise to a full extent. Although investment activity is clearly evident in the two-digit surge in construction last year, the economic growth can be viewed as balanced since a wide range of sectors developed successfully.
As part of a renewable energy cooperation deal, Lithuania is a transferring a share of renewable energy statistics to Luxembourg for over 8 mln euros, with the money to be invested in small-scale green energy, promotion of renewable energy communities and scientific research.
IT company Evolution Latvia which provides outsourced services of game presenters achieved EUR 89.019 mln in turnover last year, which is an increase of 21.1 % on 2017, while the company's profit rose 27 % to EUR 7.818 mln, according to Firmas.lv data informed LETA.
During the first two months of 2019 first-time registration of passenger cars rose by 1.6% against the same period a year ago to 9,312 vehicles registered in January-February this year, according the information from the Latvian Road Traffic Safety Directorate (CSDD) reported LETA.
Court rejects Talgo’s complaint about decision of Procurement Monitoring Bureau on Pasazieu Vilciens train tender
The Administrative District Court Riga Court of Justice has rejected the complaint of Spanish company Patentes Talgo S.L. (Talgo) on the Procurement Monitoring Bureau’s decision to make Pasazieru Vilciens passenger train company to reassess results of the procurement tender, LETA learned from the court.
Data of the Central Statistical Bureau show that, compared to 2017, in 2018 the volume of freights carried by land and via pipelines increased by 13.4 mln tonnes or 11.7 % and freight turnover1 rose by 8.2%.