International Internet Magazine. Baltic States news & analytics
Wednesday, 25.11.2015, 08:12
Klaipeda posted a decline in container traffic for January through October 2015, but held onto its number-one position in the Baltic countries in terms of overall TEU handling volumes, the port's authority said on Monday, cites LETA/BNS.
Keyword tags: Baltic, Containers, Good for Business, Port, Transport
Baltic Logistic Solutions (BLS), a logistical company that is part of Baltic wholesaler of food and household goods Sanitex, has expanded its warehouse complex in Riga this year and plans to complete the construction of its own warehouse in Estonia next year as it believes that own infrastructure and investment in quality are necessary for successful competition in this segment, the Verslo Zinios business daily reports on Monday.
The listed Estonian real estate developer AS Pro Kapital Grupp made a net loss of 2.8 million euros on revenue of 12.9 million euros in the first nine months of 2015, according to unaudited figures published on Friday, cites LETA/BNS.
Monetizator, a Latvian start-up that has developed the mobile payment application Monea, plans to enter the Lithuanian and Estonian markets after raising 800,000 euros in financing for expansion, reports LETA/BNS.
The German-owned insurance group Ergo said that its profits in the Baltic countries for the nine months through September 2015 soared by 43% to 5.13 million euros, from 3.6 million euros in the same period last year, informs LETA/BNS.
Klaipeda ranked second after Riga among all ports in the three Baltic countries in terms of cargo traffic in January through October 2015, reports LETA/BNS, according to figures released by the ports.
Lithuania this month ranks 80th in the world in terms of gold holdings, one notch up from number 81 last month, according to the latest figures from the World Gold Council, informs LETA/BNS.