International Internet Magazine. Baltic States news & analytics
Sunday, 23.10.2016, 20:53
The NordBalt power interconnection between Lithuania and Sweden is back in service on Friday after an outage of several hours due to unknown reasons, reports LETA/BNS.
Keyword tags: Energy, Energy Market, EU – Baltic States, Lithuania
The recovery of the dairy market will depend on oil prices and the decline of milk production volumes in southern Europe and New Zealand, Raimondas Karpavicius, chairman of Marijampoles Pieno Konservai operated by Russian-Liechtenstein joint venture Eksimeta, told Verslo Zinios business daily writes LETA/BNS.
Four people aboard a Lithuanian-owned yacht -- two Lithuanians, an Estonian and a Finn -- were rescued in the Baltic Sea last night, the Lithuanian Defense Ministry said on Friday writes LETA/BNS.
Lithuania's state-run companies posted 137.499 mln euros in an aggregate normalized profit (net profit excluding property and commodity taxes payable to the state) in January through September 2016, up by 18.9%, from 115.602 mln euros, from the same period of 2015, reports LETA/BNS.
Klaipedos Nafta (Klaipeda Oil), the Lithuanian state-controlled oil loading company, has signed a long-term three-year fuel oil loading contract with the Belarusian oil company Belorusskaya Neftyanaya Kompaniya (Belarusian Oil Company, or BNK ), reports LETA/BNS.
Alcohol bought in Latvia makes up roughly 6 % of the total amount of booze bought by Estonians, whereas in South Estonia the ratio is as high as 18 %, a survey taken by Emor in mid-August indicates informs LETA.
Latvia's building materials and household goods chain Depo is looking to open its first store in Klaipeda by this Christmas with plans to open four more stores in other Lithuanian cities in late 2017, which means that the Latvian retailer is unlikely to have any major impact on the market until 2018, according to Verslo Zinios reported LETA/BNS on Thursday.