International Internet Magazine. Baltic States news & analytics
Tuesday, 10.12.2013, 10:41
Data compiled by the Central Statistical Bureau of Latvia indicate that, in the 3rd quarter of 2013, Gross Domestic Product (GDP) at current prices comprised LVL 4.3 billion (EUR 6.1 billion).
Eesti Post will install 19 new generation Post24 parcel terminals in Latvia and Lithuania, 10 in Latvia and 9 in Lithuania as interest of clients has been active towards the service, LETA/Public Broadcasting reports.
Latvenergo Group is currently the largest electricity supplier in the Baltics. In nine months of 2013 the revenue of the Group increased by 6%, reaching LVL 576.7 million (EUR 820.6 million), while net profit is LVL 23.1 million (EUR 32.9 million). In the third quarter of 2013, the second power unit of TEC-2 was commissioned, informs press secretary of Latvenergo Ivita Bidere.
Non-life insurance company BTA is currently holding the second position in the Lithuanian non-life insurance market (14.4%). During January-September of 2013 pre-tax profits of the company increased by 48% compared to that in the corresponding period of 2012, reports LETA/ELTA.
All of the companies involved in the construction and upgrades of the Maxima supermarket on Priedaines Street in Riga claim that they have not violated any regulations, informs LETA/Nozare.lv.
According to a fresh study, Estonian logistics sphere has lost its chance as compared to neighbouring states over the past ten years, LETA/Postimees writes.
Mortgage market stabilizing in Baltics; Latvia records steepest increase in new mortgages amount in 2013
After declining for several years, the Baltic mortgage market is now showing signs of stabilization, whereas the amount of new mortgages in Latvia has been growing the fastest in the Baltic countries in 2013, according to the latest SEB Baltic Household Outlook, informs LETA/Nozare.lv.