International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:26
The main obstacles to business growth in the Baltic countries include a heavy tax burden and complex regulatory and bureaucratic requirements, SEB Banka's external communications manager Martins Panke told LETA, referring to a survey of small and medium-sized enterprises carried out by the bank.
The Finnish postal service company Posti announced on Thursday that it is set to make 59 workers redundant instead of the earlier announced number of 106 and will relocate some jobs out of Finland, including to Tallinn, informed LETA/BNS.
The Environmental Protection and Regional Development Ministry has established a number of possible violations that Riga Mayor Nils Usakovs (Harmony) will have to explain in one week, the ministry informed LETA.
An exhibition named the “Cimmerian Summer” of the Latvian painter Nikolajs Djomins has opened in Rietumu Bank’s Gallery.
Apranga, the Baltics' leading clothing retailer, has established a subsidiary company in Latvia, named Apranga HLV, to operate Zara Home stores in the neighboring country, company said in a stock exchange release.
According to the audited report, in 2018, Elering earned a net profit in the amount of 18.6 mln euros with revenue amounting to 144.8 mln euros compared to the net profit of 17.1 mln euros earned in 2017,Elering`s representative Ain Koster informed BC.
The Dutch shipbuilding company Damen has performed in the Yichang shipyard in China the inaugural cutting of metal for a liquefied natural gas (LNG) bunkering ship to be built for the Estonian company Eesti Gaas, reporting LETA/BNS.