Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 01.07.2015, 00:22

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Tallinna Sadam Council approves construction of LNG bunkering terminal

Tallinna Sadam Council approves construction of LNG bunkering terminal

30.06.2015

Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) Council approved on Tuesday the construction of a liquefied natural gas (LNG) bunkering terminal in the Muuga port, the company announced LETA.

Keyword tags: Energy, Estonia, Gas, Good for Business, Legislation, Port, Transport



Investing in European transport sector: Commission offers €13 bln

Investing in European transport sector: Commission offers €13 bln

30.06.2015

The Commission is further delivering on the initial top priority of creating jobs and boosting growth in EU; this time it unveils about €13.1 billion investment into 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of €28.8 billion. In the Baltic States Rail Baltica project is eligible for the funding.

Baltic States' joint film project received grant of 120,000 euros

Baltic States' joint film project received grant of 120,000 euros

30.06.2015

In the latest call for proposals for grants from the European funding facility Eurimages, a joint film production between Estonia, Latvia and Lithuania called “Pretenders” received a grant of 120,000 euros, writes LETA/Postimees Online.


Latvian Proks doubles turnover in 2014

Latvian Proks doubles turnover in 2014

30.06.2015

The home appliances wholesaler Proks turned over EUR 107,029,331 in 2014, which is 70% more than in 2013, reports LETA, according to Firmas.lv information.

The turnover of retail trade enterprises in Lithuania grew by 1.4%

The turnover of retail trade enterprises in Lithuania grew by 1.4%

29.06.2015

Statistics Lithuania informs that, based on provisional data, in May 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 745.8 million; against April 2015, it increased by 1.4% at constant prices (seasonally adjusted – decreased by 1.2%).

29.06.2015

Baltic States surpass Europe by number of jobs created in 2014

Based on EY's European Attractiveness Survey, in 2014 the three Baltic States completed by 9% more investment projects and created by 31% more jobs than in 2013. Foreign direct investment in Europe resulted in 12% increase in new jobs, reports LETA/ELTA.

29.06.2015

EU supports financing SMEs by using local financial intermediaries

The new mandate agreement signed presently between the European Commission and the European Investment Fund (EIF) is aimed at promoting growth in the EU by assisting SMEs and micro-enterprises in access to finances. Over €500 million support will be made available under the European Program for Employment and Social Innovation (EaSI).

29.06.2015

Largest in Baltics trauma and emergency care centre opened in Kaunas

Trauma and Emergency Care Centre of Kaunas Clinics, the Hospital of Lithuanian University of Health Sciences, was officially opened on June 29th 2015, reports LETA/ELTA.

29.06.2015

25 years passed from re-establishing ferry connection between Estonia and Sweden

Tallinn-Stockholm shipping line had an anniversary on June 17th 2015 – on the same date 25 years ago in 1990 with the first trip of the ferry Nord Estonia the regular ferry connection between Estonia and Sweden was re-established after a pause of 50 years, reported BC the port’s press service.

29.06.2015

Latvian engineering company Drive eO electric racer triumphs at Pike's Peak Hill Climb

The one-megawatt electric race car created by the Latvian engineering company Drive eO, piloted by the New Zealand's Rhys Millen, triumphed at the legendary Pike's Peak International Hill Climb race on June 28th 2015, reports LETA.

29.06.2015

In 2014, inbound overnight trips grew by 2.5% in Lithuania

In 2014, compared with 2013, the number of inbound tourists arriving for overnight trips grew by 2.5%, from 2 to 2.1 million. Meanwhile, the number of inbound tourists arriving for same-day trips fell by 3%, from 3.3 to 3.2 million, writes LETA/ELTA.

29.06.2015

Estonian health tech start-up Capster attracted investors

Health technology start-up enterprise Capster that develops cold treatment product received an angel investment with Tehnopol's Startup Incubator and Estonian Business Angels' Association EstBAN, writes Äripäev.ee/LETA.

27.06.2015

Coins issued in Latvia win prizes at Coin Constellation contest

The collector coins issued in Latvia have very successfully participated in the 9th International Commemorative (Collector) Coin Contest Coin Constellation 2015, as the Bank of Latvia's press secretary Janis Silakalns told LETA.

27.06.2015

Latvian operator of Elvi achieved EUR 38.7 mln in turnover in 2014

The company Vita Markets Ltd., which operates the Elvi and Alk Outlet chain of supermarkets, achieved EUR 38.7 mln in turnover in 2014, according to information from Firmas.lv, writes LETA.

26.06.2015

EU supports financing SMEs by using local financial intermediaries

The new mandate agreement signed presently between the European Commission and the European Investment Fund (EIF) is aimed at promoting growth in the EU by assisting SMEs and micro-enterprises in access to finances. Over €500 million support will be made available under the European Program for Employment and Social Innovation (EaSI).

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