International Internet Magazine. Baltic States news & analytics
Thursday, 23.02.2017, 08:58
The government considers taking two large shareholders of Latvia's Grindex pharmaceutical group to court for selling the company's state-owned shares, allegedly causing a EUR 2 mln loss to the state as a result.
Keyword tags: Financial Services, Industry, Latvia, Legislation, Markets and Companies, Medicine
Latvian dairy company Baltic Dairy Board in mid-February has sent its first shipment of first milk protein concentrate to the US, the company said in a statement to the Nasdaq Riga stock exchange.
The new Lindstrom workwear plant in Latvia’s central Tukums town currently employs 100 people, but by the end of the year the number of employees will be increased to 120, Lindstrom group president and CEO Juha Laurio told LETA.
As part of his dream of a traffic-free future, Elon Musk has been talking for a while now about boring a tunnel under Los Angeles from the HQ of his SpaceX company to LAX, the city’s airport. In fact, he has actually started taking the first steps towards making this seemingly crazy idea come true. On Feb 3 a tweet showing a picture of the first drilling operations was accompanied by a single word: “Minecraft”. That was inspiration enough for a team of Lithuanian techies, who decided to complete the entire project for Mr. Musk in just two days. In Minecraft.
This past December, Latvia recorded the European Union's second highest increase in industrial production year-on-year, according to Eurostat report published today.
Japan's Mimaki Engineering, one of the leading producers of ink jet printers and equipment for textile and graphics industry, is investing in the production business of ink for digital printing in Lithuania.
Russian veterinary and phytosanitary surveillance service Rosselkhoznadzor has banned 21 Latvian companies from exporting their products to Russia by removing them from the list of companies permitted to export their products to Russia. Another 44 Latvian companies have been temporarily banned from exporting their products to Russia, which is due to a new procedure for registration of exporters to Russia, Rosselkhoznadzor explained LETA.