Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 25.04.2018, 06:05

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Lithuania posts one of EU's largest increases in Q1 truck sales

Lithuania posts one of EU's largest increases in Q1 truck sales

25.04.2018

Lithuania's new heavy truck sales grew at one of the fastest rates in the EU in the first quarter of 2018, figures from the European Automobile Manufacturers' Association (ACEA) showed on April 24th, cites LETA/BNS.

Keyword tags: Analytics, EU – Baltic States, Good for Business, Transport



Hyarchis set to expand to Kaunas

Hyarchis set to expand to Kaunas

24.04.2018

Hyarchis, the Dutch market leader in enterprise content systems for the financial services industry, has decided to expand its operations to Lithuania's second-biggest city of Kaunas, Invest Lithuania said on April 24th, informs LETA/BNS.

Sales of Laima Exclusive product line abroad jump 48% in 3 months

Sales of Laima Exclusive product line abroad jump 48% in 3 months

24.04.2018

Sales of sweets of Laima Exclusive product line by Latvia's Laima sweetmaker in foreign markets has jumped 48% in the first three months of 2018, compared to the respective period last year, the company reported LETA.


SEB and Danske issue EUR 34 mln loan for expansion of Origo Shopping Center in Riga

SEB and Danske issue EUR 34 mln loan for expansion of Origo Shopping Center in Riga

24.04.2018

SEB Banka and Danske Bank have issued a EUR 34 million loan for the expansion of the Origo Shopping Center in central Riga, informs LETA.

Estonian company signs contract to bring railway route from China to Muuga

Estonian company signs contract to bring railway route from China to Muuga

24.04.2018

A subsidiary of the Estonian logistics company GTS Express entered into a cooperation contract with the Chinese railway, in the framework of which initially two trains per week should start arriving from Xian to Muuga starting from June 2018, reports LETA/BNS.


24.04.2018

Vilkyskiu dairy plans to invest up to EUR 40 mln in new plant

Vilkyskiu Pienine (Vilkyskiai Dairy), a leading Lithuanian dairy producer, intends to build a new dairy factory next to its cheese production and whey processing complex in Taurage, with plans to invest up to 40 million euros in the project and create 50 new jobs, the mayor of the western Lithuanian district said, cites LETA/BNS.

23.04.2018

In March, industrial production in Lithuania increased by 2%

Statistics Lithuania informs that in March 2018, based on provisional data, industrial production totalled EUR 1.8 billion at current prices and, compared to February, seasonally and calendar adjusted, increased by 2% at constant prices (unadjusted – by 12.6%).

23.04.2018

Revenue of Estonian Helmes grows by 17.6% in 2017

Revenue of the Estonian software developer Helmes AS in 2017 rose 17.6% year over year to 26.1 million euros and net profit grew 16% to 3.3 million euros, reports LETA/BNS.

23.04.2018

Ukraine to launch train from Riga via Vilnius, Minsk to Kiev

As Ukraine plans to soon launch a Kiev-Minsk-Vilnius-Riga passenger train, Lietuvos Gelezinkeliai (Lithuanian Railways) says negotiations on the matter are still underway, informs LETA/BNS.

23.04.2018

Enefit Solutions supplies 200 tons of metal structures to UK

Enefit Solutions, a subsidiary of the state-owned energy group Eesti Energia, in mid-April sent off 200 tons of metal structures by boat to the United Kingdom, which will be used to build the biofuel fired power station Tees Renewable Energy Plant, this was the third and final product batch sent off in the framework of this project, informs LETA/BNS.

23.04.2018

Latvian plywood maker Verems posts EUR 8 mln profit for 2017

Verems, the plywood-producing subsidiary of Latvia's largest wood-processing company Latvijas Finieris (Latvian Veneer), in 2017 generated EUR 32.804 million in turnover, up 1.9% from 2016, and raised its profit 26.6% to EUR 8.091 million, writes LETA, according to Firmas.lv business information website.

22.04.2018

Latvian lady tennis players beat Russia to advance to Fed Cup World Group

Latvia’s top-ranked tennis players Alona Ostapenko and Anastasija Sevastova secured victories in second-day matches of the Federation Cup on Sunday, advancing Latvia to World Group II with a 3-1 win over Russia, reports LETA.

22.04.2018

Preilu Siers achieved EUR 59.9 mln in turnover in 2017

The joint-stock Latvian dairy company Preilu Siers achieved EUR 59.9 million in turnover last year, which is EUR 2.2. million more than the previous year, the company's board chairman Jazeps Snepsts told LETA.

21.04.2018

Elko Grupa reports EUR 14 mln in audited 2017 profit

Latvian wholesaler of IT products Elko Grupa turned over EUR 1.593 billion in 2017, up 9.1% against 2016, while the group’s audited profit swelled 62% to EUR 14 million, writes LETA, according to the company’s financial report to the Nasdaq Riga stock exchange.

21.04.2018

DPD Latvija raises profit by 36.2% in 2017

Parcel services company DPD Latvija turned over EUR 15.505 million in 2017, which was a 22.9% increase against 2016, while the company’s profit grew 36.2% year-on-year to EUR 1.341 million, writes LETA, according to information available at Firmas.lv.

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