International Internet Magazine. Baltic States news & analytics
Tuesday, 09.02.2016, 05:20
The Russian producer of organic cosmetics Pervoye Reshenie has opened a plant in Estonia through which it hopes to win back the Ukrainian market and enter European markets, informs LETA/BNS.
Keyword tags: Baltic States – CIS, EU – Baltic States, Good for Business, Latvia, Markets and Companies
SEB Bankas' economist Gitanas Nauseda regards plans by recession-hit Russia to privatize some state-owned companies as the right path that other countries in a poor macroeconomic situation should follow as well, the Delfi news website reported on Monday, cites LETA/BNS.
February 9 is the birthday of Alisher Navoi, the glorious son of the Uzbek people. This date is annually widely celebrated in all cities and regions of the country. In Tashkent, the poet’s admirers, as usual on this day, will gather at the foot of the majestic monument to Alisher Navoi, which is located in the National Park of Uzbekistan named after him, to pay tribute to the great ancestors.
Interior Minister Hanno Pevkur and representatives of the Police and Border Guard Board met in the southeastern regional capital Polva on Friday with the leaders of the municipalities situated next to Estonia's land border to offer an overview of the state of affairs in the construction of the border and speak about cooperation with municipalities, informs LETA.
Lietuvos Duju Tiekimas (LDT), a leading natural gas supply company which is part of the Lietuvos energija energy company group, has entered into an agreement for the supply of liquefied natural gas (LNG) with Statoil whereby it will meet over a half of LDT’s gas demand, informed BC communication manager at Lietuvos Duju Tiekimas Paulius Jakutavičius.
Lithuania’s road haulers keep a close eye on attempts by Poland and Russia to reach an agreement on haulage permits for 2016, as they believe that the advantages negotiated by Poland would also have an effect on Lithuania, the Verslo Zinios business daily reports on Friday, cites LETA/BNS.
Trade of logs in Baltic Sea region fell 10% in 2015 because of substantially lower demand for softwood pulplogs in Finland and Sweden, reports BC the Wood Resource Quarterly.
The number of buyers from Belarus claiming a tax refund on purchases made in Lithuania last year fell by nearly 11% and the number of such buyers from Russia plummeted by 43%, the Verslo Zinios business daily reports on Friday, adding that clothes retailers and resort businesses have been hardest hit by the decline in buyers from these countries, cites LETA/BNS.
FL Technics, an aircraft maintenance, repair and overhaul (MRO) services company that is part of the Lithuanian-owned, Warsaw-listed aviation group Avia Solutions Group (ASG), will represent Russia’s SVD-Promtent, the leading supplier of storage, insulation hangars and protective covers, around the globe, excluding the Russian market, informs LETA/BNS.
In January-December 2015, the overall cargo handling in the Baltic Eastern Coast Seaports totalled 368 550,0 thou. tn; the year-on-year change is -0.1% or -353,6 thou. tn, reports BC Klaipeda port’s press service.
The Baltic Automotive Components Cluster (BACC), which brings together 18 companies, has not dropped plans to accelerate component exports to Russia's car market, the business daily Verslo Zinios reported on February 4th, cites LETA/BNS.
Developing industry and creating new jobs in Estonia's East-Viru County will take up to 10 years, and a necessary precondition for the flourishing of the region is improvement of relations with Russia and end of economic sanctions, says Tiit Vahi, a former prime minister of Estonia with business interests in the region, informs LETA/BNS.
Lukoil Baltija, a chain of filling stations owned by Russia's Lukoil, may be sold in February, the chain's chief executive officer said on February 4th, reports LETA/BNS.
The ambassadors of Western countries in Kiev have expressed their regret over the recent resignation of Ukraine's Economic Development and Trade Minister Aivaras Abromavicius, praising him for his effort of fighting corruption and implementing reforms necessary for Ukraine's economy, reports LETA/BNS.
A Lithuanian court has rejected an appeal by UK-registered company Baltic Media Alliance Ltd. against a three-month ban for the re-broadcasting of Russian-language TV channel Ren TV Baltic a year ago, informs LETA/BNS.