Good for Business

International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 08:37

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Tallinn to support digital initiatives for small businesses

Tallinn to support digital initiatives for small businesses

03.06.2020

The Tallinn city government at a sitting on Wednesday adopted a procedure for granting support for digital solutions aimed at small and micro enterprises with an annual revenue of 20,000 to 400,000 euros, informs LETA/BNS.

Keyword tags: Estonia, Good for Business, Investments, Markets and Companies, Technology



Lithuanian govt gives nod to relaunch flights to France, Denmark, Finland

Lithuanian govt gives nod to relaunch flights to France, Denmark, Finland

03.06.2020

On 3 June, the Lithuanian Government approved the proposal by the Ministry of Foreign Affairs to resume scheduled flights to Paris, Copenhagen, Billund, Nice, and Turku.

E-invoice solution developed in Estonia to expand to 10 countries

E-invoice solution developed in Estonia to expand to 10 countries

03.06.2020

Estonian fintech company Fitek, together with its parent company Unifiedpost, is developing the e-invoicing service Invoice Gate, which was recently launched in Latvia and Lithuania and will expand to eight more countries in July 2020, informs LETA/BNS.


EBRD teaming up with top Fintech accelerator Startup Wise Guys

EBRD teaming up with top Fintech accelerator Startup Wise Guys

03.06.2020

EBRD and Startup Wise Guys start Fintech accelerator partnership. New companies from across EBRD regions invited to apply. Programme co-financed by TaiwanBusiness – EBRD Technical Cooperation Fund.

Mestilla invests 6M EUR in used cooking oil processing project in Klaipeda

Mestilla invests 6M EUR in used cooking oil processing project in Klaipeda

03.06.2020

Mestilla, a biodiesel manufacturer operating in the Klaipeda Free Economic Zone, plans to start making biofuel out of used cooking oil (UCO) collected in Lithuania, starting by the end of 2021. This is the company’s way to contribute towards a cleaner environment, circular economy, and the reduction of imported fossil fuel dependency. Around 6 mln EUR will be invested in the project.


03.06.2020

The tourism recovery campaign "Riga is Not Riga Without You" to be launched soon

he Riga Tourism Development Bureau (RTAB) has developed a tourism recover plan with the aim of assisting the city's tourism industry after the Covid-19 pandemic, the head of the RTAB Anna Blaua said on Wednesday, cites LETA.

03.06.2020

Alpen Pharma sets up business in Lithuania

Swish pharmaceutical company Alpen Pharma has established a company in Lithuania, reports LETA/BNS.

03.06.2020

Bolt restarts electric scooter rent in Riga

Bolt transport platform is offering electric scooter rent in Riga for the second summer in a row, providing several hundred electric scooters for rent in the city, the company's spokeswoman Krista Bulderbega infomed LETA.

03.06.2020

Clean R waste manager raises turnover 31.2% in 2019

Latvia's Clean R waste management company closed 2019 with EUR 43.788 mln in turnover, an increase of 31.2 % against a year before, while the company's profit contracted 12.2% to EUR 3.077 mln, according to information available at Firmas.lv writes LETA.

02.06.2020

Riga Airport services 3 times more passengers in May than in April

This past May 2020, Riga International Airport serviced a total of 10,308 passengers, which was a three-fold increase on the previous month, the airport's spokeswoman Laura Kulakova told LETA.

02.06.2020

Lithuania and Estonia climbing up the global entrepreneurship ladder

In its new 2020 report StartupBlink has ranked Estonia`s startup ecosystem 11th, Lithuaia`s startup ecosystem 15th and Latvia - 36th out of 100 countries.

02.06.2020

The sales of spirits around the world increasing during Covid-19

During the Covid-19 crisis, the sales of spirits around the world are increasing, Intars Geidans, the chairman of the board of the Latvian alcoholic beverage producer Latvijas Balzams, told LETA in an interview.

02.06.2020

SEB banka issues EUR 16 million guarantee for construction of natural gas interconnection between Lithuania and Poland

SEB banka has issued a guarantee in the amount of EUR 16 million for the establishment of a natural gas interconnection between Lithuania and Poland, the bank informed BC.

01.06.2020

SkyTrax: Tallinn airport recognized as 3rd best airport in Eastern Europe, Riga 5th

International aviation market company SkyTrax has recognized Riga international airport as the fifth best airport in Eastern Europe in 2020, according to the information published on World Airport Awards website of SkyTrax, cites LETA. Tallinn is ranked 3rd.

01.06.2020

Latvenergo energy group increases power generation 14.2% in Q1

During the first quarter of 2020 Latvia's Latvenego energy group generated 1,538 gigawatt-hours (GWh) of electric power, which is an increase of 14.2% against the respective period last year and the largest volume in the Baltics, the company's representative Ilvija Livmane informed LETA.

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