Good for Business

International Internet Magazine. Baltic States news & analytics Sunday, 24.06.2018, 19:23

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The EU new VAT system facing modern challenges

The EU new VAT system facing modern challenges

22.06.2018

The Commission has welcomed the agreement reached by the EU states (22.06.2018) on new tools to close loopholes in the EU's Value Added Tax system. Existing inconsistencies can lead to large-scale VAT fraud causing losses of €50 billion for the EU states' budgets each year. New VAT system will provide the EU states with a reliable exchange information system to cooperate closely in combating criminal and terrorist activities.

Keyword tags: Analytics, EU – Baltic States, Financial Services, Good for Business, Legislation, Modern EU



Number of visitors stayed at Latvian hotels rose by 12.1% in 4 months

Number of visitors stayed at Latvian hotels rose by 12.1% in 4 months

22.06.2018

The number of nights spent by guests at Latvia’s hotels and other tourist facilities in the first four months of this year grew by 12.1% against the same period last year to 1.268 million, writes LETA, according to the data released by the Central Statistics Bureau (CSB).

Nets select Kurucs with 40th pick in NBA Draft

Nets select Kurucs with 40th pick in NBA Draft

22.06.2018

The Brooklyn Nets selected the talented Latvian basketball player Rodions Kurucs with the 40th selection in this year's NBA Draft overnight, reports LETA.


Klaipedos Smelte: we're becoming global container handling port

Klaipedos Smelte: we're becoming global container handling port

22.06.2018

The Lithuanian port of Klaipeda is becoming a global container handling port and hopes to improve its handling results, says Rimantas Juska, head of Klaipedos Smelte, a cargo handling company in the port of Klaipeda, indirectly managed by international shipping company Mediterranean Shipping Company, informs LETA/BNS.

Wizz Air to start flying from Tallinn to Kiev

Wizz Air to start flying from Tallinn to Kiev

22.06.2018

The Hungarian low-cost airline Wizz Air on June 21 will start flying from Tallinn Airport to Kiev with the flights taking place three times a week between the two capitals, informs LETA/BNS.


21.06.2018

Klaipeda port's cargo traffic grew by 5.8% in January-May

The Lithuanian seaport of Klaipeda handled 18.223 million tons of cargo during the first five months of 2018, up 5.8% from 17.232 million tons a year ago, the port's authority told BNS/LETA.

21.06.2018

Nordecon completes EUR 6.3 mln apartment building in Stockholm

The listed Estonian builder Nordecon AS has completed the 6.3 million euro construction of an eight-story apartment building in Upplands Vasby in Stockholm County, Sweden, reports LETA/BNS.

21.06.2018

Construction works under Krievu Sala Riga port development to be largely completed by fall

The main construction works under the project for development of port infrastructure in the Krievu Sala area in Riga are to be completed by fall this year, said Ansis Zeltins, CEO of the Freeport of Riga which coordinates the project, informs LETA.

21.06.2018

Dobeles Dzirnavnieks registered 27% increase in turnover in 2017

Latvia's largest grain mill Dobeles Dzirnavnieks operated with EUR 113.7 million in turnover in 2017, which was 27% more than the previous year, the company informed LETA.

20.06.2018

In 2017, amount of electricity produced in hydro and wind power plants in Latvia up by 70.5%

Data of the Central Statistical Bureau (CSB) show that, in 2017 gross energy consumption1 in Latvia comprised 194.9 petajoules (PJ), which is 5.5% more than in 2016. Over the past five years (from 2013 to 2017), the gross energy consumption has not changed significantly, however the share of renewables has increased by 2.55 percentage points.

20.06.2018

Investment into electronic communications infrastructure grew 16% in Lithuania in Q1

Revenue of Lithuania's electronic communications market stood at 167.9 million euros in the first quarter of 2018, up 1.6% from 165.28 million euros in the same period last year, figures from the Communications Regulatory Authority show, cites LETA/BNS.

20.06.2018

Cargo transportation volume up 16.3% in Lithuania in Q1

The volume of goods transported in Lithuania by all means of transport rose to 35.7 million tons in the first quarter of 2018, up 16.3% from the same period last year, new figures from the Statistics Lithuania show, cites LETA/BNS.

20.06.2018

Saaremaa, Ventspils eyeing ferry link for summer

Representatives of the Estonian island municipality of Saaremaa and the city of Ventspils, Latvia have decided to start searching for a suitable boat to operate a regular ferry service between them already next summer, regional newspaper Saarte Haal reported, cites LETA/BNS.

20.06.2018

Neste plans to expand its station network in Lithuania

Neste Lietuva, the Finnish-capital company operating a network of unmanned stations in Lithuania, plans to open three new stations in 2018, informs LETA/BNS.

19.06.2018

Personal identification services company Veriff raises USD 7.7 mln

Estonian personal identification services startup Veriff has raised 7.7 million dollars, with the leading investor being Mosaic Ventures, reports LETA/BNS.

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