International Internet Magazine. Baltic States news & analytics
Wednesday, 26.10.2016, 22:10
The net profit of Estonian banks grew by 5 % on year in the third quarter, mainly due to increased interest income, the Bank of Estonia said.
Keyword tags: Banks, Estonia, Financial Services, Good for Business
Latvian big-man Kristaps Porzingis and Adidas have agreed to a multiyear contract that is the richest shoe and apparel deal for a European player in NBA history, wirtes LETA according to ESPN reports.
Hungary's low-cost airline Wizz Air is planning to launch flights between Vilnius and the Polish capital of Warsaw fall of 2017, informs airline.
Estonian Finance Minister Sven Sester on Tuesday signed a regulation which determines the precise requirements and rules regarding opening a bank account without going to a bank office by using a video bridge and the regulation is to come into force on Oct. 31, reports LETA/BNS.
On November 24 Amber Beverage Group will host the World Final of its premier bartending competition – Riga Black Balsam Global Cocktail Challenge 2016. It will bring together 60 best bartenders from 15 countries who will present their original cocktail recipes featuring one of the worlds’ oldest living bitters - Riga Black Balsam, Amber Beverage Group representative informed BC.
Looking for additional opportunities to generate revenue is a must for Tallinn Airport and the company has set its sights on increasing air freight volumes, the manager of the state owned airport company, Piret Murk-Dubout said LETA/BNS.
Estonian public broadcaster ERR's Radio Theater made history Saturday night when its entry to the television, radio and online media festival Prix Europa 2016, the radio drama "Things" by Andres Noormets, was selected Best European Radio Fiction, reports LETA/BNS.
Latvian telecommunications operator Latvijas Mobilais Telefons (LMT) achieved a 9% increase in turnover in January-September to EUR 139 mln as compared to the respective period in 2015, the company’s spokeswoman Elina Lidere informed LETA.
Court rules regulator had no reason to make Latvijas Gaze ensure third-party access to infrastructure
The Public Utilities Commission had no reason to issue a regulation obliging Latvijas Gaze natural gas utility to allow third parties, including Latvenergo power utility, to access its gas transmission, distribution and supply infrastructure, the Administrative Regional Court ruled today, writes LETA.
Estonian defense contractor Threod Systems has won internal security tenders in Greece, Cyprus and Kazakhstan, and plans to start offering its products in Ukraine and Indonesia in the future, according to Eesti Paevaleht reports writes LETA/BNS.
Lithuania's state-run companies posted 137.499 mln euros in an aggregate normalized profit (net profit excluding property and commodity taxes payable to the state) in January through September 2016, up by 18.9%, from 115.602 mln euros, from the same period of 2015, reports LETA/BNS.
During the first nine months of this year SEB Group generated EUR 42.8 mln in Latvian profit, up 53% against the same period a year ago, the bank's spokeswoman Kristine Martinsone informed BC.
The first pilot train left China for Riga today, the Transport Ministry informed BC.
Latvia's Norvik Banka posted audited profit of EUR 7.7 mln for the first half of 2016, which is a 33% growth compared to the first six months in 2015, board chairman Oliver Bramwell told the press on Thursday, informs LETA.
Estonian natural gas seller Eesti Gaas sold 328 mln cubic meters of gas in nine months of 2016, an increase of 18 % compared to 277 mln cubic meters a year ago, informs LETA/BNS.