International Internet Magazine. Baltic States news & analytics
Friday, 30.09.2016, 02:51
A newly established company, RCM Invest OU, has taken over running the popular Tallinn concert venue Rock Cafe after the bankruptcy of the previous owner, RC Meelelahutuse OU, writes LETA/BNS.
Keyword tags: Culture, Estonia, Financial Services, Good for Business, Tourism
The global technology group ABB is about to open a regional business service center in Ulemiste City, Tallinn on Oct. 11, reports LETA/BNS.
A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank (EIB) and is set to receive financing from the European Fund for Strategic Investments (EFSI). The total sum of the loan is to be capped at EUR 40 million and will have a 12 year term, Invest Lithuania informs BC.
The University of Latvia has received another donation worth EUR 1 million from Mikrotikls company, manufacturer and distributor of telecommunications systems, BC learned from the university.
According to Statistics Estonia, by 15 September, 91% of the sown area of cereals, 49% of the sown area of rape and turnip rape, and 50% of the area under potatoes had been harvested in Estonia.
As a result of an increase in the number of online shoppers Estonia's state-owned postal company doing business under the Omniva name will open 30 new parcel terminals in Latvia which is twice as much as initially planned, reports LETA.
Latvia’s Madara Cosmetics company has invested almost EUR 3.5 mln in its new plant, the company’s director Uldis Iltners reported LETA.
Newly published Commission’s report shows that in 2015 the EU’s share of world trade in goods accounted for almost 15%, worth €3.5 trillion. To manage this volume of international trade requires handling millions of customs declarations per year. However, more than 40 million products violating intellectual property right were detained at the EU's external borders, with a value of nearly €650 million.
According to the head of the United States Energy Association (USEA), Barry K. Worthington, the Utah oil shale development project of Estonia's state-owned energy group Eesti Energia has much support and a great likelihood of success, reports LETA/BNS.
Latvia’s largest producer of growing media, SIA Pindstrup Latvia of the Pindstrup Group, today opened a new wood fiber plant in the town of Baloži, Ķekava district, for the production of Forest Gold – a new component for growing media – for professional growers, Pindstrup representative told BC.
Google is the most popular brand in Latvia this year, according to a research project carried out by DDB Consulting, GfK Custom Research Baltic, magazine Kapitals, and PHD Latvia, reports LETA.
Latvia’s HansaMatrix high technology company this year plans to achieve EUR 14.6 mln in turnover, the company’s board chairman Ilmars Osmanis said in an online conference today, writes LETA.
The Estonian beverage house A. Le Coq sold 20 million liters of beer of the A. Le Coq brand on the Finnish market in the first eight months of this year, emerging as the third biggest beer brand in that country according to a study by Nielsen reports LETA/BNS.
Lithuania's building company Panevezio Statybos Trestas (PST), together with its Latvian partner ARMS Group, has signed a contract worth almost 5 million euros, not including VAT, with the Latvia University of Agriculture for the reconstruction of the Jelgava Palace, reports LETA/BNS.
The European Commission has approved 150 million euros in support for a 345-million-euro biomass and waste-fired cogeneration plant that the state energy group Lietuvos Energija (Lithuanian Energy) is building in Vilnius, reports LETA/BNS.