Date: 21.03.2019.

International Internet Magazine. Baltic States news & analytics Wednesday, 18.09.2019, 15:09

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High tax burden the most serious obstacle to business development in Baltics - survey

High tax burden the most serious obstacle to business development in Baltics - survey

21.03.2019

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.

Keyword tags: Analytics, Baltic, Banks, Latvia, Taxation



Finnish postal co to cut jobs, relocate some to Tallinn

Finnish postal co to cut jobs, relocate some to Tallinn

21.03.2019

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.

Ministry gives Usakovs one week to explain possible violations on the Riga City Council's part

Ministry gives Usakovs one week to explain possible violations on the Riga City Council's part

21.03.2019

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.


“Cimmerian Summer” in Rietumu

“Cimmerian Summer” in Rietumu

21.03.2019

An exhibition named the “Cimmerian Summer” of the Latvian painter Nikolajs Djomins has opened in Rietumu Bank’s Gallery.

Baltic clothes retailer Apranga sets up subsidiary in Latvia

Baltic clothes retailer Apranga sets up subsidiary in Latvia

21.03.2019

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.


21.03.2019

Elering earned net profit in the amount of 18.6 mln euros in 2018

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.

21.03.2019

Estonia: Dutch shipbuilder starts building LNG vessel for Eesti Gaas

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.

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