International Internet Magazine. Baltic States news & analytics
Friday, 21.11.2014, 20:59
Despite a reduction in the number of Russian tourists, Latvia still was able to register its largest ever increase in tourist number this year, Economy Ministry State Secretary Martins Lazdovskis said during the ''Latvian Tourism Forum 2014'' today, cites LETA.
Keyword tags: Baltic States – CIS, EU – Baltic States, Good for Business, Latvia, LIVE RIGA, Tourism
In the first ten months of 2014, the total amount of rail freight increased by 1.7% in Latvia, reaching 47 million tons, reports LETA, referring to the Ministry of Transport.
During the first nine months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.53 billion, compared to EUR 1.38 billion in the same period in 2013, reports LETA, referring to data provided by the Forest Department of the Ministry of Agriculture.
Latvian fish cannery Piejura, which operates from the coastal village of Nica, has begun to re-direct its exports from Russia to European and the United States in wake of the Russian food embargo, the company's spokesman Maris Daude informed LETA.
The Estonian government approved on Thursday law amendments that establish a 60 million euros fund of funds at the state-owned KredEx foundation that will indirectly finance start-up companies, LETA/Postimees Online reports.
In the first ten months of 2014 year-on-year, the number of air passengers in Lithuania increased by a tenth. However, fewer goods were transported by air. Based on the data of Statistics Lithuania, in January-October 2014, the number of passengers at airports stood at 3.3 million, by 8.9% more year-on-year, informs LETA/ELTA.
In ten months of 2014, the amount of cargo transported by rail and sea transport has slightly increased in Lithuania, writes LETA/ELTA.
The Latvian airline airBaltic has achieved the best arrival punctuality indicator in October among low cost carriers, according to FlightStats analysts, who track the performance of nearly 150,000 flights operated and serviced by thousands of airlines and airports globally each day, reported BC vice president of corporate communications at airBaltic Janis Vanags.
Lithuania-based Lithuanian Free Market Institute (LFMI) was awarded Atlas Network’s prestigious Templeton Freedom Award for its Municipal Performance Index for Freedom and Free Enterprise, informed BC press service of LFMI.
The famous Finnish bakery Fazer has begun constructing its new factory in Ogre, investing EUR 5 million in the project and introducing frozen bread products to export markets, Managing Director at Fazer Bakery Baltic, Mindaugas Snarskis informed LETA.
The European Commission yesterday confirmed its intention to adopt a EUR 28 million support package for milk producers in Estonia, Latvia and Lithuania. This new package will be the latest in a series adopted by the European Commission in response to the Russian ban on the importation of certain EU agricultural products, the European Commission announced today, cites LETA.
Today in the Riga Old Town, at Valnu Street 21, the first new concept and design Latvijas balzams shop (part of the LB veikali chain) was opened, offering shoppers a contemporary comfortable shopping environment and a wider assortment. The company plans to open several such new concept stores in Riga and Jūrmala over the next two years, investing a total of around half a million euro in modernization, informed BC Latvijas balzams communications manager Dana Hasana.
In 2014, the "Staro Riga" festival of light was attended by about 500,000 visitors, which is an all-time record, Riga Mayor Nils Usakovs said, cites LETA.
On November 17th, Polish Business Awards were handed out for the third time in Lithuania in 2014. Trade and Investment Promotion Section of the Polish Embassy is organising Polish Business Awards, informs LETA/ELTA.
Storebrand Baltic, with the recent addition of an IT development branch, is the fastest growing company in the Norwegian Storebrand Group. In the last 12 months Storebrand Baltic hired over 30 skilled developers and aim to double the number in the next 12-18 months, reports LETA/ELTA, referring to Invest Lithuania.