Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 22.02.2019, 23:11

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Builder Nordecon hands over new study building to Estonian Academy of Security Sciences

Builder Nordecon hands over new study building to Estonian Academy of Security Sciences

22.02.2019

Listed Estonian construction group Nordecon on Thursday handed over to the Academy of Security Services the academy's new study building in the eastern Maarjamae district of Tallinn, built at a cost of 19 mln euros, Nordecon said.

Keyword tags: Construction, Estonia, Good for Business, Real Estate



Latvia, Germany sign memorandum of understanding on cooperation of ports

Latvia, Germany sign memorandum of understanding on cooperation of ports

22.02.2019

During his visit to Germany, Latvian Transport Ministry’s state secretary Kaspars Ozolins and Port of Hamburg chief executive officer Ingo Egloff today signed a memorandum of understanding to promote closer cooperation among Latvian and German ports, BC learned from the ministry.

Modern EU industrial policy: EU’s assistance to the Baltics States growth

Modern EU industrial policy: EU’s assistance to the Baltics States growth

22.02.2019

The future of Europe's industry depends on the member states’ ability to continuously adapt and innovate by investing in new technologies and embracing changes brought on by increased digitisation and transitions to low-carbon and to circular economy. The EU’s innovative measures to activate member states’ industrial development need to be assessed carefully by Baltic States’ decision-makers.


Kitron posts almost EUR 150 mln in revenue in Lithuania

Kitron posts almost EUR 150 mln in revenue in Lithuania

22.02.2019

Norwegian-owned Lithuanian electronic product manufacturer Kitron posted almost 150 million euros in revenue last year, up 23% from 2017, and the number of its employees rose by almost a tenth, accroding to the Verslo Zinios business daily reports writes LETA/BNS.

Estonia: EUR 431 mln to be invested in railway infrastructure over 6 yrs

Estonia: EUR 431 mln to be invested in railway infrastructure over 6 yrs

22.02.2019

The Estonian government on Thursday approved the railway infrastructure funding action plan for 2019-2024, according to which 431 mln euros is to be invested in the existing railway network, reported LETA/BNS.


21.02.2019

Lithuanian Railways set to purchase rails from Latvia, Austria for EUR 36.5 mln

Lietuvos Gelezinkeliai (Lithuanian Railways, LG) is planning to purchase 36.5 mln euros' worth of rails for track repairs this year and next year, with the first 11.5-mln-euros contract already signed with Latvia's rail supplier Sigmen, informed LETA/BNS.

21.02.2019

Number of tourists visiting Jurmala increases 17% in 2018

According to latest Central Statistical Bureau's data, the number of tourists that visited the resort city of Jurmala last year was 17% higher than in 2017, as Jurmala City Council's representative Elita Cepurite told LETA.

21.02.2019

British fintech company Revolut to expand in Estonia

The British financial services and payments company Revolut Ltd has reached four million users and is to establish local offices in European countries, including Estonia, informed LETA/BNS.

21.02.2019

Freight handling by Estonian ports up 1.4% on year in January

Estonian ports handled 2.8 mln tons of cargoes in January, 1.4% more than during the same month last year, reported LETA/BNS.

20.02.2019

Liepaja company iCotton invests EUR 5.7 mln in construction of new production facility

Liepaja hygiene products maker iCotton is investing EUR 5.79 mln, received from BlueOrange Bank and the Central Finance and Contracting Agency, in construction of a new production facility and new equipment, informed LETA.

20.02.2019

Latvian cosmetics exports up 18% in 2018

Latvian cosmetics companies last year exported EUR 106 mln worth of products, which is an increase of 18% against 2017, the Latvian Cosmetics Producers Association informed LETA, citing the Central Statistical Bureau’s data.

20.02.2019

Karins declares "complete overhaul" of financial sector

Prime Minister Krisjanis Karins (New Unity) on Wednesday signed three decrees on reforming the financial sector's supervisory system, reported LETA.

20.02.2019

Mexican cement producer Cemex sells its Baltic and Nordic assets to Germany’s Schwenk

The Mexican cement producer Cemex, S.A.B. de C.V. (Cemex) announced on Wednesday it was selling its assets in the Baltic and Nordic countries to the German construction materials maker Schwenk for EUR 340 mln, Cemex representatives informed LETA.

20.02.2019

Valmiermuizas Alus brewery raises turnover 16% in 2018

Latvia’s Valmiermuizas Alus brewery raised turnover 5.36% y-o-y to EUR 5.36 mln in 2018, LETA was told at the company.

19.02.2019

Latvian company to build transport and logistics center in Tashkent

Latvian logistics and transport company SV Gulbis has signed a memorandum with Uzbekistan’s rail company Temir Yollari to establish a joint venture that will build a modern transport and logistics center in Tashkent, Latvian Ambassador to Uzbekistan Mihails Popkovs told LETA.

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