International Internet Magazine. Baltic States news & analytics
Tuesday, 01.09.2015, 04:50
According to Statistics Estonia, in July 2015 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased by 9% at constant prices.
Keyword tags: Analytics, Estonia, Good for Business, Markets and Companies, Retail
The Norwegian company CSUB (former Sorkomp), which works with oil and gas technologies, is launching a production division in Klaipeda. In the short run, CSUB LT plans to create 50 new jobs for engineers, welders, and other specialists. The company is also considering expansion in Lithuania, reports BC press service of Invest Lithuania.
Around EUR 1 million will be invested in the development of the Kentucky Fried Chicken (KFC) and Pizza Hut in Latvia, the KFC franchise owner in the Baltic countries Sigurdur Arnar Sigurdsson told LETA.
Riga has the densest network of Wi-Fi hotspots compared to other capital cities of the European Union countries, shows a research by the telecommunications company Lattelecom, cites LETA.
Data of Central Statistical Bureau show that, compared to June, the total retail trade turnover in July 2015 rose by 0.3%, according to seasonally adjusted data at constant prices. Retail trade in food products rose by 0.5%, whereas turnover of non-food products – by 0.2%.
The team at Taxify have created a carpooling mobile application titled Hopp as a pilot project, writes Äripäev.ee/LETA.
Statistics Lithuania informs that, based on provisional data, in July 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 816.7 million; against June 2015, it increased by 5.9% at constant prices (seasonally and working day adjusted – remained unchanged).
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 21.22 million in profit in the first half of the year 2015, reports LETA, according to the company's financial report submitted to the Nasdaq Riga Stock Exchange, cites LETA.
During a special press conference on August 27th, Riga Mayor Nils Usakovs (Harmony) said that approximately 60,000 to 70,000 foreign guests are expected to arrive in Riga for this year's European Men's Basketball Championships (EuroBasket 2015), reports LETA.
The value of Latvian wooden furniture exports in the first half of the year 2015 increased by 3% from the same period in 2014 to a total of EUR 61.16 million, which is 5.9% of the total forest industry exports in the fist six months, informs LETA, according to a report presented by the Agriculture Ministry's Department of Forests.
On 27 August, a train from Poland will arrive in Kaunas on the new Rail Baltica track with Catherine Trautmann, the European Coordinator for the North Sea-Baltic core network corridor, of which Rail Baltica railway line is a part, aboard. A train from Poland with passengers aboard last arrived in Lithuania in August 1939, reports LETA/ELTA the Ministry of Transport and Communications.
On August 28, 2015, Eesti Telekom will launch Vunk Garage48, an incubator for start-up companies, writes Äripäev.ee/LETA.
During the first half of 2015, the Latvian forest industry's exports increased by 5.2%, reaching EUR 1.03 billion, compared to EUR 988 million in the same period in 2014, reports LETA, according to data provided by the Forest Department of the Ministry of Agriculture.
Starman managed to increase their sales revenue as well as profitability in H1 of 2015 in Estonia, writes LETA/Delfi.
The Tallinn Zoo celebrated their 76th anniversary on August 25th, and it is already clear that this year will be a record year in terms of visitors, writes LETA/National Broadcasting.