Date: 29.04.2019.

International Internet Magazine. Baltic States news & analytics Tuesday, 20.08.2019, 23:46

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Estonia: Cleveron sees strong increase in both revenue, profit in 2018

Estonia: Cleveron sees strong increase in both revenue, profit in 2018

29.04.2019

The revenue of Viljandi-based manufacturer of parcel robots Cleveron grew 4.2-fold on year to 47.7 mln euros in 2018, while the company's sales revenue was also greater than that of the last ten years of operating in total, informed LETA/BNS.

Keyword tags: Estonia, Good for Business, Markets and Companies, Technology



Latvians' ability and willingness to borrow grew steeply in 2018 - association

Latvians' ability and willingness to borrow grew steeply in 2018 - association

29.04.2019

Latvians’ ability and willingness to borrow grew steeply last year, showing the fastest rise in three years, shows the private individuals’ segment of the lending index draw up by the Finance Latvia Association.

Estonian Maritime Administration criticizes Pakri offshore fish farming plan

Estonian Maritime Administration criticizes Pakri offshore fish farming plan

29.04.2019

The Estonian Maritime Administration has criticized the application of Avamere Kalakasvatuse OU, an affiliated company of listed Estonian fish products seller PRFoods, for the establishment of an offshore fish farming complex in the area of Pakri peninsula and Pakri islands as the authority believes that it may disturb the movement of ships, reported LETA/BNS.


Dutch company to invest EUR 4.5 mln in Tartu-based pharmaceutical co

Dutch company to invest EUR 4.5 mln in Tartu-based pharmaceutical co

29.04.2019

The Dutch company SEAL Investment B.V. is to invest 4.5 million euros in the Tartu-based pharmaceutical company TBD-Biodiscovery, which is the largest ever foreign investment into an Estonian biotechnology company, reported LETA/BNS.

Swiss fintech platform Sonect gets e-money license in Lithuania

Swiss fintech platform Sonect gets e-money license in Lithuania

29.04.2019

Sonect, a Swiss-based fintech platform that allows its users to withdraw cash without a physical ATM, has received an electronic money institution license from the Bank of Lithuania.


29.04.2019

Lending remains subdued, whereas deposits are growing

Latvia's economic growth continues to rely primarily on businesses using their internal sources of finance, while the increase in the contribution made by banks in the form of lending to businesses and households remains negligible. At the same time, domestic deposits continue to grow both in monthly and annual terms.

29.04.2019

Olainfarm signs EUR 3 million deal with WHO on supply of anti-TB drug

The Latvian pharmaceutical group Olainfarm has won an international World Health Organization (WHO) tender and clinched a EUR 3 mln contract to supply the anti-tuberculosis agent PASS sodium also in 2019 and 2020, according to the company’s statement to Nasdaq Riga.

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