Good for Business

International Internet Magazine. Baltic States news & analytics Saturday, 24.02.2018, 10:12

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Lithuanian hotels received by 8.9% more tourists in Q4

Lithuanian hotels received by 8.9% more tourists in Q4

23.02.2018

According to Statistics Lithuania, in IV quarter 2017, the country’s accommodation establishments received 607.4 thousand tourists, or by 8.9% more than IV quarter 2016. Compared to IV quarter 2016, the number of overnight stays grew by 7.5%. One guest stayed in an accommodation establishment for, on average, 2.2 nights.

Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Lithuania, Tourism



Continental chooses Kaunas FEZ to expand its production

Continental chooses Kaunas FEZ to expand its production

23.02.2018

A record year for Kaunas Free Economic Zone has been capped with an outstanding achievement - attracting the global automotive giant Continental to establish a new plant. It is the largest FDI project in Lithuanian history.

Centric coming to Lithuania

Centric coming to Lithuania

23.02.2018

A Dutch information technologies company Centric is coming to Lithuania and has founded a subsidiary Centric IT Solutions Lithuania, reports LETA/BNS.


Kaunas set to bring Samsung to projected innovations park

Kaunas set to bring Samsung to projected innovations park

23.02.2018

Kaunas intends to invest 5 million euros in the territory of a former aviation factory and build the Aleksoto Innovations Park, if approval is secured from the council of Lithuania's second city next week, with plans to bring the tech giant Samsung there, Kauno Diena daily said on February 23rd, cites LETA/BNS.

Estonian Cell planning EUR 17 mln investment

Estonian Cell planning EUR 17 mln investment

23.02.2018

Estonian Cell, the Austrian owned pulp mill located at Kunda in northern Estonia, in the event of the adoption of the law concerning an excise duty rate reduction for large consumers of electricity is planning to start a 17 million euro investment program, reports LETA/BNS.


23.02.2018

Rujienas Saldejums to enter new sales markets in Europe, CIS in 2018

Latvian ice-cream maker Rujienas Saldejums in 2018 plans to enter altogether six new sales markets, said the company's CEO, Igors Miezis, cites LETA.

23.02.2018

Riga plans to allocate additional EUR 3.9 mln for development of Skanste territory

The Riga City Council financial and administration affairs committee today supported the proposal to increase financing allocated for development of Skanste territory by EUR 3.9 million, thus, the council’s confinancing in the project will reach EUR 4.87 million, LETA learned from the council.

22.02.2018

Baltic Ground Services to earmark EUR 18 mln for expansion abroad

Baltic Ground Services (BGS), which is part of the Lithuanian-owned, Warsaw-listed aviation business group Avia Solutions Group, plans to allocate 18 million euros for reinforcing its position in foreign markets, reports LETA/BNS.

22.02.2018

Estonian Railways records 7.9% increase in freight volumes in January

Cargoes transported on the infrastructure of the state-owned Estonian railway infrastructure company Estonian Railways in January 2018 totaled approximately 1.4 million tons, 7.9% more than in the same month last year, informs LETA/BNS.

22.02.2018

Baltic Oil Service completes expansion in former oil plant compound

Baltic Oil Service OU, which bought the biodiesel plant of the bankrupt company Biodiesel Paldiski, has completed expansion within the compound and doubled its tank capacity, reports LETA/BNS.

22.02.2018

HKScan Latvia to make 10 types of dumplings at plant in Jelgava

HKScan Latvia meatpacker today launched a new production line at its plant in Jelgava, central Latvia, which will be making ten types of pelmeni or Russian-style dumplings, reports LETA.

22.02.2018

Orkla to invest over EUR 1 mln in transportation, packaging equipment for Adazu Cipsi plant

Orkla Confectionery & Snacks Latvija, the producer of Laima, Selga, Staburadze and Adazu Cipsi brand products, will invest more than EUR 1 million in a potato chips transportation and packaging line, writes LETA, according to information available on the Public Procurement Monitoring Bureau’s website.

22.02.2018

Beer production in Latvia rises 11% in 2017

In 2007, a total of 72.06 million liters of beer was produced in Latvia, which is 11% more than in 2016, reports LETA, according to the State Revenue Service's data.

22.02.2018

Sales of fuel increase by 6% in Latvia in 2017

1,372,815 tons of oil products (fuel) was sold in Latvia in 2017, which is 77,299 tons or 6% more than in 2016, LETA learned from the State Revenue Service.

21.02.2018

EstBAN members invest EUR 11.3 mln in startups in 2017

Members of the Estonian Business Angels Network (EstBAN) invested 11.3 million euros in startups during 2017, and the investments made by EstBAN members outside Estonia have grown, informs LETA/BNS.

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