Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 21.11.2017, 15:27

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Molumba wins architectural competition for Lidl store in Narva

Molumba wins architectural competition for Lidl store in Narva

21.11.2017

The architectural competition for the building of the German global discount supermarket chain Lidl to be built in Narva, the largest city in northeastern Estonia, was won by the entry of the firm of architects Molumba titled "Blue Velvet," regional newspaper Pohjarannik said, cites LETA/BNS.

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



BLRT invests EUR 2.1 mln in Ukraine in 2017

BLRT invests EUR 2.1 mln in Ukraine in 2017

21.11.2017

Estonian industrial group BLRT Grupp this year invested 2.1 million euros into its Ukrainian subsidiaries, Elme Messer Gaas and Elme Trans, reports LETA/BNS.

Mini series filmed in Lithuania nominated for Emmy

Mini series filmed in Lithuania nominated for Emmy

21.11.2017

A five-part historical drama Tokyo Trial that has been filmed in Lithuania was nominated for an Emmy award in the category of mini series, informs LETA/BNS.


Sales of Latvian Elko Grupa grew by 13.6% in 9 months

Sales of Latvian Elko Grupa grew by 13.6% in 9 months

21.11.2017

Turnover of Latvia’s IT wholesaler Elko Grupa in the first nine months of this year was EUR 955.031 million, which is by 13.6% more than in the respective period last year, while the concern’s profit rose 11.3% to EUR 6.364 million, writes LETA, according to the company’s statement to the Nasdaq Riga stock exchange.

Agreement to improve Latvia’s exports to Armenia

Agreement to improve Latvia’s exports to Armenia

21.11.2017

The Latvian Foreign Ministry hopes that the Comprehensive and Enhanced Partnership Agreement (CEPA) between the EU, the European Nuclear Society, its member states and Armenia will improve Latvia’s exports to Armenia, reports LETA.


20.11.2017

Rental real estate crowdfunding platform starts operating in Estonia

BitOfProperty, the first Estonian platform for joint investments in rental real estate, launched operations in November and the aim of the platform is to enable rental investors enter the market with small sums by buying only a part of an apartment instead of the whole apartment, writes LETA/BNS.

17.11.2017

airBaltic serves over 3 mln passengers during 10 months

During the first ten months of 2017 the Latvian airline airBaltic has transported a total of 3 007 034 passengers to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. In October 2017, the Latvian airline airBaltic carried 319 018 passengers or 26% more than in the same period of 2016. For already the fifth month in a row it has been the biggest number of carried passengers in the airline’s history, informed BC airline’s press service.

17.11.2017

Levikom in Estonia to switch to new network center, basic network

The Estonian telecommunications company Levikom this weekend is to start the first stage of the program to transition to a new network center and high-speed basic network, reports LETA/BNS.

17.11.2017

Jurmala saw number of tourists’ growth by 22% in January-September

The Latvian sea-side resort town Jurmala saw the number of tourists to grow 22% in the first nine months of 2017 compared to the same period in 2016, the Jurmala City Council said, citing the latest figures from the Latvian Central Statistical Bureau, writes LETA.

17.11.2017

Estonian companies' profits grew by 14.7% in 2016

The total profit of Estonian businesses grew by 14.7% year over year to 5.1 billion euros in 2016, the financial information company Creditinfo Eesti said, cites LETA/BNS.

17.11.2017

Liepaja port raises cargo turnover by 15.3% in January-October

During the first ten months of 2017, the stevedore companies based in the southwestern Latvian port of Liepaja reloaded 5.25 million tons of cargo in total, which was a 15.3% rise from the same period a year ago, Liga Ratniece-Kadege, a spokeswoman for the Liepaja Special Economic Zone (SEZ), told LETA.

17.11.2017

Apollo Grupp launches film production company

Apollo Grupp has established a film production company, Apollo Film Productions, and appointed former Apollo Kino marketing chief Tanel Tatter as its CEO, cites LETA/BNS.

17.11.2017

Crude imports via Butinge up 4.4% in January-October

Lithuania's Butinge crude terminal, which is owned by Orlen Lietuva, the Lithuanian unit of Poland's PKN Orlen, handled 8.047 million tons of crude during the first ten months of 2017, up by 4.4% year-on-year, informs LETA/BNS.

16.11.2017

Food Union invests more than EUR 15 mln in ice cream production over past 6 years

Dairy company Food Union has invested over EUR 15 million in its ice cream production business over the past six years, as the company's marketing manager Ieva Razinska told LETA.

16.11.2017

Klaipeda port posts 5.5% growth in January-October cargo traffic

The Lithuanian seaport of Klaipeda handled 35.129 million tons of cargo in January through October 2017, a rise of 5.5% from 33.292 million tons a year ago, the port's authority informed LETA/BNS.

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