Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 26.09.2017, 03:23

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Sales of Multikino multiplex cinemas in Riga grew by 12.2% in 2016

Sales of Multikino multiplex cinemas in Riga grew by 12.2% in 2016

25.09.2017

The owner of Multikino multiplex cinemas operated at Riga Plaza last year posted EUR 3.29 million in sales, up 12.2% from a year ago, while the company’s profit rose 53.2% to EUR 698,633, informs LETA, according to Firmas.lv business database.

Keyword tags: Good for Business, Latvia, Markets and Companies, Technology



Gauss: 2016 going to be record year for airBaltic

Gauss: 2016 going to be record year for airBaltic

25.09.2017

2016 is going to be a record year for the national airline airBaltic, the airline's CEO Martin Gauss told LETA. The number of airBaltic flights increased 13% in the first six months year on year, while passengers turnover rose 20%, Gauss indicated.

Lithuania's KTE, China's Datang Power founding joint firm

Lithuania's KTE, China's Datang Power founding joint firm

25.09.2017

Lithuania's Kauno Termofikacijos Elektrine (Kaunas Combined Heat and Power Plant, or KTE), a technically outdated utility that is indirectly owned by businessman Rimandas Stonys, and one of China's largest energy producers Datang International Power Generation have agreed on establishment of a joint enterprise that would be a new combined-cycle power plant in Kaunas, informs LETA/BNS.


Latvia's premium real estate market is developing

Latvia's premium real estate market is developing

25.09.2017

As Latvia's economy has reached the pre-crisis volume, and middle-class people and people with high income regain their purchasing power, this all has promoted development of premium real estate market in Latvia, writes LETA, according to a survey by Baltic Sotheby`s International Realty and Sorainen lawyers office.

McDonald’s implements EUR 10 mln worth investments program

McDonald’s implements EUR 10 mln worth investments program

25.09.2017

Maltese company Premier Capital Plc (Premier Capital), the developmental licencee for McDonald’s in six countries, is implementing a EUR 10 million worth investments program, LETA learned from the company representatives.


25.09.2017

Ryanair to launch flights from Riga to Pafa and Burgos

The Irish low-fare airline has announced two new destinations from Riga for the upcoming summer season, LETA was informed by Riga International Airport.

25.09.2017

Ostapenko triumphs in Seoul WTA

On Sunday, Latvia's top-ranked lady tennis player Alona Ostapenko defeated Brazil's Beatriz Haddad Maia 6-7, 6-1, 6-4 to triumph at the Seoul WTA International series tennis tournament, informs LETA.

22.09.2017

Skinest Group invested in Georgia nearly 60 mln euros

The Skinest Group holding company owned by Oleg Ossinovsky has invested more than 60 million euros in Georgia over the last couple of years. Recently, the Kintrishi hydroelectric power plant with a capacity of 6.6 MW was commissioned, informed BC Group's press service.

22.09.2017

Eesti Energia to enter Finnish, Swedish electricity markets

The supervisory board and the owner of the state-owned Estonian energy group Eesti Energia have given their approval for expanding the company's electricity retail business to the Finnish and Swedish markets and the company is planning to launch retail sales in both countries in the first half of 2018, reports LETA/BNS.

22.09.2017

Germany's Visiotex coming to Kaunas

Germany's technical textiles company Visiotex, which is known for its innovations, is readying to invest in Lithuania's second-largest city Kaunas, Verslo Zinios business daily said, cites LETA/BNS.

22.09.2017

Ikea investing in furniture production expansion in Lithuania

Ikea Industry Lietuva, a Lithuanian chipboard and furniture manufacturer that is part of Sweden's furniture group Ikea, is investing in a new furniture factory with plans to double its production capacity and create 20 new jobs, informs LETA/BNS.

22.09.2017

Premia's ice cream market share grows to 42.2%

Sales of the Estonian ice cream producer Premia Tallinna Kulmhoone AS this summer were the best of the past five years and the company increased its market share to 42.2%, which makes it the market leader, reports LETA/BNS.

22.09.2017

Lithuania records 13% growth in H1 cargo volumes

Lithuania's overall cargo volumes grew by 13% in the first half of 2017 from a year earlier to 66.857 million tons, the country's statistics office said, cites LETA/BNS.

21.09.2017

In August, industrial production in Lithuania grew by 3.2%

Statistics Lithuania informs that in August 2017, based on provisional data, industrial production totalled EUR 1.7 billion at current prices and, compared to July, seasonally and calendar adjusted, increased by 3.2% at constant prices (unadjusted – 8.2%).

21.09.2017

Large-scale landscaping project starts in Lithuania's Curonian Spit

A large-scale landscaping project is getting underway in the Lithuanian part of the Curonian Spit this fall with plans to open up and form new spaces and remove woody vegetation from dunes on an area of almost 700 hectares over three years, the daily Lietuvos Zinios reported on September 21st, cites LETA/BNS.

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