International Internet Magazine. Baltic States news & analytics
Friday, 22.08.2014, 16:44
According to the provisional data of Statistics Lithuania, in II quarter 2014, accommodation establishments accommodated by 9.5% more guests than in the same quarter of 2013 and received 637.7 thousand tourists.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Lithuania, Tourism
On 21 August, 2014, the first charter flight from Japan landed at Tallinn Airport. This is the first charter service of its kind to bring Japanese tourists straight from Osaka to Tallinn, reports BC airport’s press service.
Robust customs risk management is essential to protect the safety and security of business and citizens in the EU, as well as the interests of traders and financial services, while at the same time enabling the smooth flow of trade. A new strategy to improve customs risk management, together with a detailed action plan, was adopted by the Commission.
The National Vessel Traffic Monitoring Information System (NVTMIS) was implemented by Lithuanian Maritime Safety Administration. The system will help better secure maritime environment by preventing situations that can pose a threat to the safety of people at sea, the Ministry of Transport and Communications announced.
Statistics Lithuania informs that in July 2014, industrial production totalled LTL 5.8 billion at current prices and, compared to June, grew by 5.5% at constant prices, seasonally adjusted – by 1.6%.
The Finnish Pohjola Bank subsidiary in Latvia has signed an agreement with Riga International Airport for a EUR 13 million loan to expand the airport's passenger terminal, informs LETA.
Despite tougher competition, Estonian national carrier Estonian Air improved its half year net result by 18%, the company announced, cites LETA.
The U.S. magazine New York Times admires Latvia's Baroque-style Rundale Palace, calling it the "Latvian Versailles", cites LETA.
President of Lithuania Dalia Grybauskaitė met with General Paul J. Selva, Commander of U.S. Transportation Command of the Department of Defense (USTRANSCOM). The President and the General discussed military cooperation between Lithuania and the United States of America as well as prospects for using Klaipėda Seaport and other infrastructure in Lithuania for the transportation of military and commercial cargoes of NATO allies, reported BC presidential press service.
The cooperative society of agricultural services Latraps has come up with new development plans. In order for them to see fruition, DNB banka has issued a EUR 10 million loan to Latraps, DNB banka spokeswoman Teika Lapsa informed the business portal Nozare.lv, cites LETA.
One of the world's leading energy management companies Schneider Electric will invest about EUR 10 million into the construction of a new Lexel factory in Latvia, Schneider Electric spokeswoman in Baltics Santa Rutka informed the business portal Nozare.lv, cites LETA.
Travel agency Tez Tour turned over EUR 21,583,681 and earned EUR 446,663, reports LETA/Nozare.lv, according to information provided by Firmas.lv.
In the first six months of 2014, Latvijas Finieris posted EUR 102 million in turnover, whereas the value of the company's exports was EUR 79 million, which is respectively 4% and 2% more than in the same period of 2013, the company's spokeswoman Jolanta Medne informed the business portal Nozare.lv, cites LETA.
CSC (NYSE-CSC), a global leader in next-generation IT services and solutions, continues to carry out plans for growth in Lithuania. Through 2015, as a result of the project “Vilnius DC Expansion“ 100 new technology employment positions will be created in CSC Baltic IT Services Center which was opened six years ago, informed BC company’s press service.
Baltic ICT Market review, launched by the Prime Investment, indicates that Latvian companies have become successful service providers with high potential in export. According to the research data, local data center operator DEAC reached the largest growth in revenue from IT services, becoming one of the fastest growing companies among major Baltic ICT service providers, informed marketing and development department group leader at DEAC Alina Zizina.