International Internet Magazine. Baltic States news & analytics
Monday, 28.07.2014, 21:27
Statistics Lithuania informs that, based on provisional data, in June 2014, the turnover (VAT excluded) of retail trade enterprises amounted to LTL 2508.7 million (EUR 726.6 million); against May, it decreased by 3 %at constant prices (seasonally adjusted - decreased by 0.4%), informs ELTA/LETA.
Keyword tags: Analytics, Financial Services, Lithuania
Ryanair, Europe’s biggest low fares airline today (July 28) announced a Q1 Net Profit of €197m, an increase of 152% over last year, although cautioned that this result was distorted by the timing of a very strong Easter in Q1 with no holiday period in the prior year comparable. Traffic grew to 24.3m as load factors rose by 4% points to 86%. Average fare rose by 9%, boosted by a strong Easter period, while total revenues were up 11% to €1.496bn. Unit costs fell by 2%, excluding fuel they rose by 1%б reported BC Howard Millar from Ryanair Holdings plc.
SIA Linas Agro, a subsidiary of AB Linas Agro Group, has refinanced its existing liabilities and attracted new capital to develop its business in Latvia. The credit line for working capital in the amount of 30 million euros has been granted by SEB and DNB banks in Latvia within the scope of the club loan with SEB Banka being the leading bank of the transaction. The funding is secured in equal parts - 15 million euros by each bank, says the company in a statement, informs ELTA/LETA.
Statistics Lithuania informs that, based on provisional data, in June 2014, the turnover (VAT excluded) of enterprises engaged in wholesale and retail trade and repair of motor vehicles and motorcycles amounted to LTL 629.4 million (EUR 182.3 million) and, against May, decreased by 5.4 percent at constant prices, informs ELTA/LETA.
The use of internet banking and ATMs in Estonia has increased in recent years, Estonian central bank Eesti Pank said in its fresh statistics on payment and settlement systems, informs LETA.
Beer brewery "Aldaris" has maintained a steady turnover in 2013, whereas the company's losses reduced by 33 percent, the company also paid EUR 3 million in compensation to employees last year, informs NOZARE.LV/LETA.
Estonian Minister of Agriculture Ivar Padar told Postimees that Estonia is likely to face a 10-14 million euro milk fine for exceeding the European dairy quota next spring, informs LETA.
The city of Tallinn water utility AS Tallinna Vesi announced that its net sales of the first half year of 2014 have increased by 1.9% to 26.68 million euros, compared to the same period last year while operating profit remained stable, informs LETA.
According to President Dalia Grybauskaite, Lithuania has offered quite substantial concessions to PKN Orlen, which owns Mazeikiai based petroleum refinery, and this company should assume responsibility for its actions, informs ELTA/LETA.
Compared to May, level of construction costs in Latvia in June 2014 decreased by 0.1%. Prices of building materials dropped by 0.3%, maintenance and operational costs of machinery and equipment – by 0.1%, but labour remuneration of workers increased by 0.3%.
"Danske Bank" concluded the first half of 2014 in Latvia with a net loss in the amount of EUR 6.389 million, informs LETA.
According to Lithuania Post's estimations, the number of domestic money orders has tripled in the course of six months of the current year if compared with the same period of 2013, says the company in a statement, informs ELTA/LETA.
"Baltikums Bank" earned EUR 14.8 million in the first half of 2014, while the bank's net profit reached EUR 6.35 million, according to the bank's unaudited financial data, informs LETA.
Construction supplies dealer "Depo DIY" turnover amounted to EUR 151.9 million in 2013, informs NOZARE.LV/LETA reffering to information provided by "Firmas.lv".
The net profit of Danske Bank Estonia fell to 20.8 mln euros in the first half of this year from 28.6 million euros at the same time last year, informs LETA reffering to Postimees Online.