International Internet Magazine. Baltic States news & analytics
Wednesday, 02.12.2015, 07:08
Lithuania’s electrical engineering solutions company Voltas expects its turnover to double this year, to 7 million euros, the Verslo Zinios business daily reports on Tuesday, cites LETA/BNS.
Keyword tags: Baltic States – CIS, Belarus, Energy, Lithuania
Kazakh President Nursultan Nazarbayev delivered his annual State of the Nation address Nov. 30 in the capital’s Palace of Independence. In his speech, the head of state focused on measures to overcome global crises and outlined changes in the financial system and fiscal and social policy, adding Kazakhs will have access to free vocational training starting in 2017 and calling on the population to live within their means.
Lithuania’s alcoholic beverage producer Vilniaus Degtine, which is controlled by the French group Belvedere, has recently launched exports to Kazakhstan and Azerbaijan and will add Russia to the list of its export markets early in December 2015, informs LETA/BNS.
Lithuania’s refrigerator manufacturer Snaige, which is part of Russia’s Polair group, posted 34.658 million euros in consolidated revenue for the first nine months of the year 2015, a rise of 4.1% from the year-earlier figure of 33.305 million euros, informs LETA/BNS.
Norway and France next year will replace Russia and Poland on the list of priority markets where Lithuania will make the most active tourism marketing efforts, the business daily Verslo Zinios reported on Monday, cites LETA/BNS.
Lithuania's financial institutions continue to see geopolitical tensions in the East and the lingering low interest rate environment as the key risk sources for the country's financial system, according to a survey published by the Bank of Lithuania on Monday, reports LETA/BNS.
Revenue of the lingerie maker Silvano Fashion Group in the first nine months of 2015 dropped 40.5% year over year to 51.9 million euros and net profit for the period contracted 6.2% to 7.9 million euros, informs LETA/BNS.
The Procurement Monitoring Bureau in Latvia has given the Latvian joint stock Pasazieru vilciens/PV (Passenger Train) the go-ahead to continue its tender for the procurement of 32 suburban electric trains and equipment for their maintenance, informs LETA.
The Finnish retail group Stockmann has announced it is about to exit the department store business in Russia and sell its department stores there to the Russian franchisee Reviva with the aim of focusing on retail trade in Finland and the Baltic states, informs LETA/BNS.
Linava, the Lithuanian national road carriers’ association, has warned against exacerbating the relations with Russia, informs LETA/BNS.
Latvijas Gaze natural gas utility wants to dominate in the Baltic region and supply gas to the Baltic market after its liberalization, the company's CEO, Aigars Kalvitis, said on Latvian Radio on Thursday, cites LETA.
The Lithuanian Foreign Ministry on November 24th sent a note to the Russian Foreign Ministry over a levy imposed on heavy trucks for using the country's roads, reports LETA.
Subsidiaries of the Estonian listed construction group AS Nordecon, OOO Eurocon Ukraine and OOO Prosperitatis, signed a framework agreement on the construction of a housing district and the accompanying social infrastructure in the town of Brovary in Kiev region on 80 hectares, informs LETA/BNS.
The Estonian parliament on November 25th evening concluded the first reading of the bill on the ratification of the Estonian-Russian border treaty and the treaty on the delimitation of maritime areas, informs LETA/BNS.
While, generally speaking, money laundering a is not a major problem for Estonian banks, east-west and west-east money flows are a cause for concern, the head of the country's anti money laundering office said at a media event of the Banking Association on November 25th, cites LETA/BNS.