Good for Business

International Internet Magazine. Baltic States news & analytics Thursday, 24.07.2014, 07:26

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"Orkla" interested in acquiring "NP Foods" - LNT television

"Orkla" interested in acquiring "NP Foods" - LNT television

23.07.2014

Scandinavian company "Orkla" is interested in acquiring the Latvian food production company "NP Foods", reports NOZARE.Lv/LETA reffering to unofficial information obtained by the LNT television channel.

Keyword tags: EU – Baltic States, Foodstuff, Good for Business, Markets and Companies



European and state support brought Estonian company Elron giant profit

European and state support brought Estonian company Elron giant profit

23.07.2014

The 75.4 million euro funding by the European Commission and the Estonian government for buying new trains brought Estonian state-owned passenger train company Elron last year 68.6 million euros of profit, informs LETA reffering to Postimees.

In Estonia Omniva expands parcel terminal network by a quarter

In Estonia Omniva expands parcel terminal network by a quarter

23.07.2014

Estonian state-owned postal company Omniva, formerly called Eesti Post, will expand its parcel terminal network in Estonia by a quarter, Äripäev Online cites the company, reports LETA.


Lithuanian Co Lietuvos Dujos will pay EUR 15.4mn as dividends

Lithuanian Co Lietuvos Dujos will pay EUR 15.4mn as dividends

23.07.2014

During the General Meeting of Shareholders of Lietuvos Dujos held on 22 July, 2014 a decision was made to pay LTL 53.3 million (EUR 15.4 million) as dividends, or 18.3 Lithuanian cents per share, said the company in a statement, informs ELTA/LETA.

Lithuanian bank Siauliu Bankas posts EUR 7mn net profit in H1

Lithuanian bank Siauliu Bankas posts EUR 7mn net profit in H1

22.07.2014

In the middle of 2014 Siauliu Bankas and the Bank Group have been further improving the key performance indicators and maintaining the stable growth. The unaudited net profit of Siauliu Bankas' Group reached LTL 22.4 million (EUR 6.5 million) over the first half-year which is by 3.4 times more than over the respective period in 2013 when it earned LTL 6.5 million (EUR 1.9 million), said the bank in a statement, informs ELTA/LETA.

22.07.2014

airBaltic has become world’s first Aarline to accept Bitcoin

Latvian airline airBaltic has become the world’s first airline to accept Bitcoin as payment for its tickets to 60 destinations in Europe, Middle East, Russia and the CIS, reperted BC Janis Vanags, Vice President Corporate Communications.

22.07.2014

Amount of online purchases increases by 25% - "Swedbank"

Increasingly more people choose to shop online - Swedbank statistics indicate that during the first five months of 2014, the amount of online purchases by Swedbank clients increased by 25 percent as compared to the respective period of 2013, reports LETA.

22.07.2014

"Tilde" profit triples in 2013

According to information in the company's annual report, Latvian IT company "Tilde" in 2013 earned EUR 258,757, which is 2.94 times more than in 2012, informs NOZARE.LV/LETA.

21.07.2014

Japan Business Federation visits the Freeport of Riga

On July 14, 2014, after the meeting with the senior officials of Latvia Mr. Masayuki Oku, vice president of Keidanren (Japan Business Federation) and Head of the Sumitomo Mitsui Financial Group and his accompanying delegation of eight members paid visit to the Freeport of Riga Authority, informs BC Press and Information Division jf port. The delegation was also accompanied by the Japanese Ambassador to Latvia Mr.Toshiyuki Taga.

21.07.2014

"Philip Morris Latvia" turns over EUR 465,966 in 2013

Tobacco products dealer "Philip Morris Latvia" earned EUR 465,966 in profit last year, informs LETA/NOZARE.LV reffering to information provided by "Firmas.lv".

21.07.2014

"AirDog" raises USD 1 million; will be provided with new feature

World's first auto-follow action sports drone "AirDog" has raised USD 1,044,260 (EUR 772,096) on the crowd-funding platform "Kickstarter" with about 1,070 backers, informs LETA reffering to the business portal "Nozare.lv".

21.07.2014

Drug wholesaler Recipe Plus turns over EUR 131.11 million in 2013

Drug wholesaler Recipe Plus posted EUR 131.11 million in turnover last year, LETA/NOZARE.LV informs reffering to information provided by Firmas.lv.

21.07.2014

Tallink sends Silja Europa to Australia

Estonian passenger shipping company AS Tallink Grupp and Bridgemans Services Ltd. have entered into a charter agreement to charter the cruise ferry Silja Europa to Australia from August 2014 as an accommodation vessel, Tallink informed the Tallinn stock exchange, informs LETA.

21.07.2014

Baltika earns a profit in Q2

Estonian fashion and retail trade company Baltika informed the Tallinn stock exchange that the group's second-quarter net profit including discontinued operations was 648,000 euros, which is by 24,000 euros better that in the same period last year, informs LETA.

18.07.2014

Ryanair carries 15 mln passengers on Baltic flights

The low-cost airline Ryanair carried its 15-millionth passenger on flights to/from the Baltic States today, the airline informed Nozare.lv, cites LETA.

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