Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 06.05.2016, 10:20

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Sales of Arco Vara grew by 15% in Q1

Sales of Arco Vara grew by 15% in Q1

06.05.2016

Sales of the Estonian listed construction group Arco Vara AS increased by 15% on year to 5.1 million euros in the first quarter of the year 2016 and growth mainly came from the development division, informs LETA/BNS.

Keyword tags: Construction, Estonia, EU – Baltic States, Good for Business, Real Estate



In March, industrial production in Latvia rose by 2.7%

In March, industrial production in Latvia rose by 2.7%

05.05.2016

Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 industrial production output grew by 2.7% (according to calendar adjusted data at constant prices), of which by 3.7% in manufacturing, by 0.1% in electricity and gas supply, whereas in mining and quarrying there was a decrease of 4.9%.

Private persons' package market in Estonia increased by 37% in 2015

Private persons' package market in Estonia increased by 37% in 2015

05.05.2016

The market of private persons' postal packages grew 37% in 2015 in Estonia, results of a study carried out by pollster TNS Emor show, cites LETA/BNS.


19,000 people visit newly restored Latvian National Art Museum on the first day

19,000 people visit newly restored Latvian National Art Museum on the first day

05.05.2016

19,000 people visited the newly restored/renovated Latvian National Art Museum on the first day after opening its doors to the public on Wednesday, LETA was informed by the Riga City Council's public relations department.

Estonia's first hydrogen filling station to be opened in Parnu

Estonia's first hydrogen filling station to be opened in Parnu

05.05.2016

NT Bene OU is planning to open Estonia's first hydrogen filling station in Parnu in 2016, the cost of which would be 5-10 million euros, and by 2020, the company plans to open three such stations in Estonia, informs LETA/BNS.

05.05.2016

Estonian Vireen to invest EUR 500,000 in 2016

The state-owned Estonian animal waste processing company AS Vireen is planning to make investments worth 500,000 euros in 2016, which are connected to updating the equipment of the company, as well as the African swine fever (ASF) danger, informs LETA/BNS.

05.05.2016

Tallinn Airport's passenger numbers up 3% in April

The airport of Tallinn served more than 180,000 passengers in April 2016, 3% more than in the same month last year, and 90% of flights departed on time, informs LETA/BNS.

03.05.2016

Elko Group posts EUR 19.7 mln in net profit in 2015

IT wholesaler Elko Group posted EUR 1.139 billion in turnover in 2015, according to the company's audited consolidated report for 2015, cites LETA.

03.05.2016

Swedbank lends EUR 32 mln to Latvian Railroad for modernization of locomotives

Swedbank and the Latvian state-owned railway company Latvijas Dzelzcels (Latvian Railroad, LDz) have signed an agreement about two long-term loans for 10 years and 15 years respectively for a total amount of EUR 32.26 million to be spent on modernization of locomotives, informs LETA.

03.05.2016

Kaunas earmarks EUR 0.5 mln to Wizz Air for new flights

The municipality of Kaunas decided on May 3rd to provide 500,000 euros to the low-cost airline Wizz Air to help it operate more flights from Lithuania's second-biggest city, reports LETA/BNS.

03.05.2016

Sales of Silvanols increased by 27% thanks to new export markets

Sales of Latvian pharmaceutical company Silvanols in 2015 rose 27% thanks to new export markets, informs LETA, according to information published on Firmas.lv business database.

03.05.2016

Lithuania's postal market grew by 11% in 2015

Lithuania's postal and courier services market, as measured by revenue, grew to 120.8 million euros last year, up 10.8% from 109 million euros in 2014, the country's Communications Regulatory Authority said on May 3rd, informs LETA/BNS.

03.05.2016

Brave Capital to build commercial block in downtown Tallinn

The Estonian investment company Brave Capital will by the year 2020 at the latest build 40,000 square meters of commercial and office space in the Ravala quarter in central Tallinn, informs LETA/BNS.

03.05.2016

EUR 51.6 mln available for Latvia-Lithuania cooperation projects from ERDF

There are EUR 51.6 million of funding available for Latvia-Lithuania cooperation projects from the European Regional Development Fund (ERDF), the Latvian Ministry for Environment and Regional Development announced LETA.

03.05.2016

Media advertising market in Latvia reaches EUR 77.2 mln in 2015

Latvia’s media advertising market in 2015 rose by 2% to EUR 77.2 million, the Latvian Advertising Association reported LETA.

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