Industry

International Internet Magazine. Baltic States news & analytics Monday, 17.06.2019, 00:32

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A Year in the Klaipeda FEZ: 1.2 bn EUR in revenue, record-breaking sales, and paid taxes

A Year in the Klaipeda FEZ: 1.2 bn EUR in revenue, record-breaking sales, and paid taxes

14.06.2019

2018 was the best year in the Klaipeda FEZ, the total revenue of the 34 investors established in the zone was 1.239 bn EUR, a 20% increase over 2017. The last year also broke records in exports, purchases in Lithuania, as well as taxes paid.

Keyword tags: Good for Business, Industry, Investments, Lithuania, Markets and Companies, Taxation



INVL Baltic Sea Growth Fund to invest up to EUR 30 mln into Grigeo cardboard business

INVL Baltic Sea Growth Fund to invest up to EUR 30 mln into Grigeo cardboard business

10.06.2019

INVL Baltic Sea Growth Fund, a private capital investment fund managed by INVL Asset Management, one of the largest asset management groups in the Baltic states, will invest up to 30 mln euros into Grigeo cardboard business, a leading paper and wood industry company for the Baltic region, reported LETA/BNS,

Roshen cuts production

Roshen cuts production

06.06.2019

The Lithuanian subsidiary of former Ukrainian President Petro Poroshenko's confectionary giant Roshen slashed down production and laid off two-thirds of its workforce as it continued to operate at a loss last year, the business daily aacording to the Verslo Zinios information reported LETA/BNS.


Environment Service issues warning to Biolars chemical plant

Environment Service issues warning to Biolars chemical plant

06.06.2019

The State Environment Service (VVD) has issued a decision-warning about partial suspension of operations of Olaine chemical plant Biolars – suspension of manufacturing of chemical porofors, LETA learned from VVD.

Orkla Latvija invests EUR 500,000 in new packaging equipment

Orkla Latvija invests EUR 500,000 in new packaging equipment

04.06.2019

Orkla Latvija, a merger of Orkla Confectionery & Snacks Latvija and Orkla Foods Latvija, has invested EUR 500,000 in equipment for packaging waffle candies, the company’s spokeswoman Lineta Miksa reported LETA.


03.06.2019

In April, the total industrial production in Estonia remained the same y-o-y

According to Statistics Estonia, production increased in manufacturing, but decreased in energy and mining.

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