International Internet Magazine. Baltic States news & analytics
Saturday, 30.05.2015, 15:19
Data of Central Statistical Bureau (CSB) show that, compared to March, the total retail trade turnover in Latvia in April 2015 rose by 0.1%, according to seasonally adjusted data at constant prices. Compared to April 2014, the total retail trade turnover in April 2015 increased by 4.0%.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
According to Statistics Estonia, in April 2015 compared to April of the previous year, the retail sales of goods of retail trade enterprises increased by 6% at constant prices. While in March retail sales increased by 8% compared to the same month of the previous year, then in April the growth in retail sales decelerated slightly.
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 12.04 million in profit in the first quarter of the year 2015, reports LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
The European Commission has opened a public consultation to collect views from citizens and businesses on the main policy options for developing an ambitious new approach on the “circular economy”. Stakeholders' input will help feed the preparation of the new European action plan, to be presented by the end of the year; the consultation will run until 20 August 2015.
The joint-stock pharmaceutical company Olainfarm plans to invest last year's EUR 11.42 profit in the company's development, reports LETA, according to the company's announcement submitted to "Nasdaq Riga" stock exchange.
State Company Klaipedos Nafta net profit for the 3 months of 2015 amounts to EUR 4,473,000 or higher by 124% when compared to the same period of 2014 – EUR 1,997,000, reports LETA/ELTA.
EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union's (WU) centre in Lithuania has experienced the strongest growth in global WU scale, reported BC the agency Invest Lithuania.
In IMD World Competitiveness Ranking 2015, Lithuania moved to 28 position from 34, which is the highest position so far. Lithuania out-performed its neighbouring countries: Estonia stepped by one position to 31, Latvia declined by 8 positions to 43, Poland moved up but still is in position 33, reports LETA/ELTA, referring to Enterprise Lithuania.
On Thursday morning, Lithuanian Prime Minister Algirdas Butkevicius met with Bengt-Ake Fagerman, CEO of Skandia, one of the largest Sweden's banking and insurance groups. CEO Fagerman presented to the PM Thule Customer Service Centre, to be opened up in Lithuania. Butkevicius in his turn emphasized the benefit of Sweden's investment to Lithuania, as well as discussed future prospects, reported BC the press service of the Government.
Transport Minister Anrijs Matiss (Unity) has confirmed that Latvia is open to Chinese investments in the Latvian transportation sector, especially in rail and port infrastructure, as well as in aviation, LETA was informed by the Transport Ministry.
The direct selling company Oriflame Latvija managed to escape losses in 2014, reports LETA, according to Firmas.lv information.
Estonian Food and Veterinary Office (FVO) and the Veterinary Office of Ukraine signed export certificates according to which Estonian pig farmers have a chance to start exporting live pigs to Ukraine, LETA/Postimees Online reports.
According to Statistics Estonia, there were 2.6 million cinema visits in 2014, which is an all-time record since the restoration of independence. In the last nine years, cinema attendance has increased each year.
According to the latest statistics from the Central Statistical Bureau, there was a 3.9% increase in the number of guests staying in accommodation establishments in the coastal resort city of Jurmala in the first quarter of the year 2015, when compared to the same quarter last year, cites LETA.
Ro-Pax ferry route connecting the ports of Klaipeda and Karlshamn (Sweden) has been opened at Central Klaipeda Terminal of the Klaipeda Seaport, informs LETA/ELTA.