Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 22.05.2019, 22:35

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Germany's rail logistics giant VTG sets up company in Lithuania

Germany's rail logistics giant VTG sets up company in Lithuania

22.05.2019

Germany's rail logistics giant VTG has established a company in Lithuania. VTG Project Logistics Baltics was registered on May 20 with an authorized share capital of 30,000 euros and Violeta Vlasoviene as CEO, according to information from the Center of Registers, reported LETA/BNS.

Keyword tags: EU – Baltic States, Good for Business, Lithuania, Logistics, Railways, Transport



Estonian co granted waste management monopoly in Yakutsk

Estonian co granted waste management monopoly in Yakutsk

22.05.2019

Estonian construction company Ferrmix has been the sole provider of refuse collection services in the Russian city of Yakutsk since the summer of 2018, the company's ten-year contract with the city for service provision is worth 14.3 mln euros per year, according to the Postimees reports LETA/BNS.

Lithuania's FL Technics doubles profits to EUR 11 mln in 2018

Lithuania's FL Technics doubles profits to EUR 11 mln in 2018

22.05.2019

FL Technics, part of the Avia Solutions Group owned by Lithuanian businessmen Gediminas Ziemelis, earned 10.8 mln euros in net profits last year, which is almost double from 5.7 mln euros in 2017. The company's revenue rose 14% to 119 mln euros, reported LETA/BNS.


Euro NCAP: Earn the Highest Rating in Latest Safety Tests

Euro NCAP: Earn the Highest Rating in Latest Safety Tests

22.05.2019

Today, Euro NCAP publishes the safety ratings of seven new vehicles, among which three have made their first appearance this year: Audi’s first fully electric model, the e-tron, Volkswagen T-Roc’s smaller brother the T-Cross and the hybrid Lexus UX. Euro NCAP also releases the results of the new Mazda 3, the Renault Clio V, and the latest Toyota Corolla and RAV4. All seven cars achieved the maximum five-star rating against the latest test requirements.

Estonia's BLRT transports 1st batch of railway, foot bridge parts to Stockholm

Estonia's BLRT transports 1st batch of railway, foot bridge parts to Stockholm

21.05.2019

Marketex Offshore Constructions, a subsidiary of Estonian industrial group BLRT Grupp, on May 15 sent the first three parts of a railway and foot bridge to Stockholm, the structures transported to the assembly location weigh altogether 1,750 tons.


21.05.2019

Latvia’s economic growth to be slowest among Baltic states – OECD

The Organization for Economic Cooperation and Development (OECD) in its latest forecast predicts that Latvia’s economic growth will be slowest among the Baltic states, reported LETA/BNS.

21.05.2019

Finnair in cooperation with Chinese airlines to offer new connections starting June

Starting from June, the Finnish air carrier Finnair in cooperation with local airlines China Southern and Juneyao Airlines will start offering the possibility to fly to 11 new destinations in China, reported LETA/BNS.

21.05.2019

Russia’s Atran Airlines launches regular cargo transportation from China to Latvia

Atran Airlines, the Russian air express carrier within Volga-Dnepr Group, is introducing new route into its network between Hangzhou, China, an emerging technology hub and home to the e-commerce industry in China, and Riga, Latvia, BC learned from the Riga airport.

21.05.2019

Estonia: Merko to build Turi Basic School buildings for EUR 11.4 mln

The listed Estonian builder Merko is to build the school and sports buildings of Turi Basic School for 11.4 mln euros and the construction work is scheduled to be completed in August 2020, Merko told the stock exchange.

21.05.2019

Getlini EKO considering possibility to grow medical cannabis

Getlini EKO landfill operator is considering a possibility to grow medical cannabis as it would ensure higher return than growing tomatoes and cucumbers, said the company’s board chairman Imants Stirans in an interview with LETA.

21.05.2019

Latvia's Sonarworks IT company raises EUR 5 mln from international investors

Latvia’s Sonarworks IT company has raised EUR 5 mln for development from Estonian investors Karma Ventures and SuperAngel, Lithuanian investors Practica Capital, Latvian investors ProksCapital and Imprimature, as well as Turkish investor Revo Capital, LETA was told at the company.

20.05.2019

Estonia: Pipeline installation of the offshore part of Balticconnector to begin

Pipeline installation of the offshore part of Balticconnector, the Estonian-Finnish gas interconnection, will begin today. In 2018 all preparatory offshore works were completed, and the seabed is now ready for the pipeline to be installed, Elering informed BC.

20.05.2019

Lithuanian Energy's Q1 revenue up by fifth to EUR 429 mln

Lithuania's state-run energy group Lietuvos Energija (Lithuanian Energy) posted 429.3 mln euros in revenue in the first quarter of this year, up 19.8% from 358.3 mln euros a year ago, informed LETA/BNS.

20.05.2019

Vilnius airport's platform to be reconstructed

Lithuania's largest Vilnius International Airport is set to invest 12 mln euros in to the reconstruction of its platform's northern part due to improper position of aircraft stands, informed LETA/BNS.

20.05.2019

Estonia: Merko signs EUR 5 mln amendment to contract for construction of Vilnius hotel

The listed Estonian builder Merko Ehitus is to carry out additional work in the amount of 5 mln euros in the establishment of the Neringa hotel building in Vilnius, informed LETA/BNS.

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