International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 23:07
In 2012, population went on overnight trips in Latvia more often
22.05.2013The results of the survey on the domestic trips of Latvian residents conducted by the Central Statistical Bureau show that the number of overnight recreational and other private trips in 2012 was 3.6 mln, which is 11.8% more than in 2011.
Keyword tags: Analytics, Good for Business, Latvia, Tourism, Transport
Kaunas Airport offers flights to Moscow for convenience of passengers from Russia
22.05.2013Russian airline Rusline will start operating from Kaunas Airport to Moscow's Domodedovo Airport and back starting from June 16, 2013; the airport's General Director at interim Jurate Baltrusaityte noted that it will give Russian travelers an opportunity to reach the Western European destinations in a more convenient and pocket-friendly way, writes LETA.
NIB lends LDz for upgrade of east-west railway corridor in Latvia
22.05.2013The Nordic Investment Bank (NIB) and Latvia's state railway company VAS Latvijas dzelzcels have signed a new loan totalling EUR 17 million for the upgrade of a railway section in the country's east-west transport corridor, informs Nordic Investment Bank.
Estonian Kevelt starts producing cancer medicine candidate
22.05.2013Virexxa, a medicine candidate developed in the Estonian Cancer Research Technology Development Centre, will be produced by Estonian company Kevelt, which is of symbolic importance for the Estonia bio-technology industry, LETA/Public Broadcasting reports.
Government grants LVL 7.25 mln tax break to LMT for development of 4G network
22.05.2013The government yesterday decided to grant a tax break of LVL 7.25 million to Latvijas Mobilais telefons (LMT) for the development of the 4G mobile telephony network in the less-populated areas of Latvia in which the company plans to invest LVL 29.01 million, informs LETA.
University of Tartu among the top 200 universities in 2 subjects
In the list of the world's best 200 universities in 30 subjects "QS World University Rankings by Subject 2013" that was published by the international consultation firm Quacquarelli Symonds (QS) in May, 2013, the University of Tartu is represented in two subjects for the first time, ranking between 51 and 100 in communication and media studies and between 151 and 200 in modern languages, informed LETA the University of Tartu.
"Riga 2014" foundation wins Melina Mercouri Award of EUR 1.5 mln
The European Commission's international jury has decided to award the Melina Mercouri Prize to the "Riga 2014" foundation that is organizing Riga's program of the Capital of Culture, according to the European Capitals of Culture monitoring report.
H&M to open retail point in Vilnius
The Swedish H&M fashion retailer will open a shop in the Gedimino 9 shopping center in Vilnius, Estonia's news site BBN, referring to news2biz reported on Tuesday, cites LETA.
Kalev boosts turnover and profit in 2012
Estonian confectionery company AS Kalev increased turnover, market share and profit in 2012, Äripäev.ee/LETA reports.
Cytec launched their Global Business Services GBS in Riga
Cytec Industries, a global specialty materials and chemicals company present in more than 40 countries, launched their Global Business Services (GBS) in Riga on May 14th. Since the establishment of their Shared Services Center in Riga in 2010, Cytec has made several enhancements to the operations conducted there, promoting a gradual change from an operational center to a dynamic office focused on process improvement and business excellence.
Estonian milk production posted a new record in March
Estonia fulfilled 95.96% of the milk production quota that was allocated it in the quota year that ended with March as the dairy herds of 901 quota holders produced nearly 658,400 tonnes of milk, LETA/Public Broadcasting reports.
Latvian Chamber of Commerce export awards presented to Stali and Blind save
Latvian Chamber of Commerce and Industry's export awards were presented to the wooden window and door producer Stali and floorball goalkeeper protective equipment producer Blind save yesterday, informs LETA/Nozare.lv.
Lithuanian railway to launch new fast train to Minsk
As of May 26 Lithuanian Railway company Lietuvos Gelezinkeliai will begin the operation of a new train which will run the route Vilnius-Minsk-Vilnius twice a day, reports LETA/ELTA.
Companies searching for oil deposits in Baltic Sea optimistic and hopeful
Representatives from companies searching for oil deposits in Latvian territorial waters said after a meeting with President Andris Berzins at the House of the Blackheads yesterday that they were optimistic and hopeful, informs LETA.
Lithuanian Railways open new representative office in Minsk
Lithuania-based railway company Lithuanian Railways (Lietuvos gelezinkeliai) opened a new representative office in Minsk (Belarus) in May, 2013, reported LETA the company.
EU’s assessment of Latvian economic activity 
