Good for Business

International Internet Magazine. Baltic States news & analytics Monday, 02.03.2015, 05:32

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Ekspress Grupp reports 30% increase in profit for 2014

Ekspress Grupp reports 30% increase in profit for 2014

27.02.2015

Estonian media company AS Ekspress Grupp announced that the year 2014 was a successful year for it: in year-on-year comparison, the consolidated EBITDA of the group increased by 22% to almost EUR 9 million and consolidated net profit was 30% higher and amounted to EUR 4.6 million, informs LETA.

Keyword tags: Estonia, Good for Business, Internet, Markets and Companies



Tallink and Meyer Turku signed contract for new generation LNG powered fast ferry

Tallink and Meyer Turku signed contract for new generation LNG powered fast ferry

27.02.2015

Estonia's biggest passenger shipping company AS Tallink Grupp and Meyer Turku Oy signed a contract for the construction of the LNG powered fast ferry for Tallinn-Helsinki route shuttle operations, Tallink announced LETA.

Grigiskes Group increases profit by 72.8% in 2014

Grigiskes Group increases profit by 72.8% in 2014

27.02.2015

During the twelve months of 2014, the Group consisting of Grigiskes AB, Baltwood UAB, Klaipedos kartonas AB, Mena Pak PAT, and Klaipeda Recycling UAB achieved the consolidate sales turnover of LTL 343.7 million (EUR 99.5 million). It is LTL 14.9 million (EUR 4.3 million) or 4.5% more than during the twelve months in 2013, Grigiskes AB reported LETA/ELTA.


2 million tourists visited Riga in 2014

2 million tourists visited Riga in 2014

27.02.2015

A total of 1,122,926 visitors stayed at hotels and other accommodations in Riga in 2014, which represents a 15.6% increase on 2013. The total number of tourists visiting the city reached 2 million last year, according to information from the Central Statistical Bureau, tabulated by the Riga Tourism Development Bureau.

Lithuanian Post opens Logistics Centre

Lithuanian Post opens Logistics Centre

27.02.2015

On 26 February 2015, Lithuanian Post (Lietuvos pastas) opened Logistics Centre in Ramuciu village, Kaunas district, informs LETA/ELTA.

27.02.2015

Rigas dzirnavnieks turnover grew to EUR 22 mln 2014 financial year

Joint-stock Latvian grain processing company Rigas dzirnavnieks turnover last financial year 2014 amounted to EUR 22.2 million as the company diversified exports, focusing on the Near East region, LETA learned at the company.

26.02.2015

Lithuania – Europe's No. 1 in fibre-optic internet penetration in 2014

For the 6th year in a row, Lithuania retained its leading position in Europe in terms of the fibre-optic (FTTH) Internet network penetration in 2014. According to the global ranking, Lithuania comes in the 8th place, the annual report of the FTTH Council Europe shows, cites LETA/ELTA.

26.02.2015

EUR 30 mln of EU funds available for facilitation of Latvia's exports

Latvia will have access to EUR 30 million of the European Union's funds in 2014-2020 for the purpose of improving the country's export performance, the Economy Ministry informed LETA.

26.02.2015

Modern lense production facility opened near Vilnius

The route from Lithuania’s capital Vilnius to Trakai, the country’s picturesque historic centre, is already dotted with high-tech production units that have sprung up along the road. Joining them is a state of the art facility that will produce up to 4,000 spectacle lenses every day, reports BC Invest Lithuania.

26.02.2015

KVV Liepajas metalurgs puts out first 5,000 tons of steel bars

The joint-stock metallurgical company KVV Liepajas metalurgs, which was bought by Ukraine's KVV Group in October 2014, has produced first batch of steel bars – 5,000 tons; the company is planning to export them to Algeria in March, as the KVV Liepajas metalurgs board member Igor Kovalenko told LETA.

25.02.2015

In 2014, number of tourists in Lithuanian hotels grew by 8.2%

According to the provisional data of Statistics Lithuania, in IV quarter 2014, accommodation establishments received 501.2 thousand guests, or by 4.4% more than in the same quarter of 2013.

25.02.2015

Havaş Europe makes Riga Airport one of the most effective

Ground handling company Havaş Europe has been serving Riga International Airport since 2010. Over 5 years ground handling punctuality, which is one the most important indicators of an airport’s efficiency, in Riga has increased by 3%. It makes Riga International Airport one of the most punctual in the Havaş network, reported BC Linda Anaite.

25.02.2015

Estonian Harju Elekter increases profits in 2014

Estonian electrical fittings manufacturer Harju Elekter informed the Tallinn Stock Exchange that its profit for the year 2014 increased by 89% while the profit for the fourth quarter fell by 15.1%, informs LETA.

25.02.2015

2% more fuel sold in Latvia in 2014, retail volume rises 7%

A total of 1.233 million tons of oil products (fuel) was sold in Latvia in 2014, which is 19,710 tons or 2% more than in 2013, reports LETA, according to the State Revenue Service's data.

24.02.2015

The premiere of the most sensational novelty of the season in Latvia

“Attempt on the state” is a modern detective story based on real events and irrefutable facts, which reflects a harsh story of a Latvian businesswoman and a tough confrontation between a high-ranking official and a group of criminals assisted by employees of the special services, and then by corrupt politicians. This story is resolved by life itself. What kind of resolution will it be? Justice is remaining silent for now.

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