Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 21.10.2014, 05:07

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Estonian Krimelte planning to expand operations to India and China

Estonian Krimelte planning to expand operations to India and China

20.10.2014

Managing Director of OÜ Krimelte Alar Salum said that their enterprise is aspiring to expand the geographic scope of its exports, and is targeting large Asian countries as potential new markets, writes Äripäev.ee/LETA.

Keyword tags: Baltic Export, Estonia, Good for Business, Markets and Companies



Baltic ports' cargo turnover increases by 1.1% in 9 months

Baltic ports' cargo turnover increases by 1.1% in 9 months

20.10.2014

Cargo turnover at the Baltic countries' ports increased by 1.1% in the first nine months of 2014, amounting to 106.78 million tons, as compared to the respective period of 2013, according to information provided by portal "RZD Partner", cites LETA/Nozare.lv.

Kauno Grudai wins an innovative product award at SIAL 2014

Kauno Grudai wins an innovative product award at SIAL 2014

20.10.2014

AB Kauno Grudai instant noodles City Taste won an innovative product award at SIAL 2014 international food industry and beverages exhibition in Paris, informs LETA/ELTA.


Estonian travel companies targeting superrich from Kuwait

Estonian travel companies targeting superrich from Kuwait

20.10.2014

Chief executives of Kuwei’ts eight largest travel agencies will visit Estonia in the final week of October on the invitation of travel agency Wris, writes Eesti Päevaleht, cites LETA/Baltic Business News.

Construction of "Hilton Garden Inn" gets under way in Riga

Construction of "Hilton Garden Inn" gets under way in Riga

20.10.2014

Joint stock company LNK Industries has concluded a contract with limited liability company D.N.H. on a new hotel in Riga – "Hilton Garden Inn Riga Valdemara"; the construction job is set to get under way, Inga Domka, the Marketing and Public Relations Manager of LNK Group informed Nozare.lv, cites LETA.

20.10.2014

LMT turnover reaches EUR 123 mln in Q3

Latvijas Mobilais Telefons (LMT) turnover reached EUR 123 million in the first three quarters of this year; the company's EBITDA reached EUR 38 million, LMT spokeswoman Elina Lidere informed the business portal Nozare.lv, cites LETA.

17.10.2014

Lattelecom turned over EUR 141 mln in 9 months

Lattelecom Group's earnings before interest, taxes, depreciation, and amortization (EBITDA) have reached EUR 54.7 million in the first nine months of 2014; the Group's turnover reached EUR 141 million, Lattelecom spokeswoman Liga Bite informed the business portal Nozare.lv, cites LETA.

17.10.2014

Seven Japanese journalists tour Latvia

Dinner in the Riga restaurant "Valters" is the starting point for introducing seven Japanese journalists to Latvia. "Our cuisine and traditional arts and crafts will be the focus," as the State Tourism Development Agency (TAVA) PR specialist Inta Briede informed the Nozare.lv portal, cites LETA.

17.10.2014

Fish farming and processing company to be build near Lithuanian Kupiskis

A fish farming and processing company worth LTL 90 million (EUR 26 million) will soon be built near Kupiskis, a town in north-eastern Lithuania, just 4 kilometres from the town centre, reports LETA/ELTA, referring to Lietuvos zinios.

17.10.2014

Nordecon signed a contract for the construction of Veerenni 24 office building in Tallinn

Nordecon AS and OÜ Kawe Invest, subsidiary of AS Kawe, signed a contract for the construction of an office building on the registered immovable at Veerenni 24. The cost of construction works at the building located in the Baltika quarter at the edge of the City of Tallinn is approximately EUR 9 million without VAT, informed BC Nordecon’s press service.

16.10.2014

In 9 months, new car sales in Latvia grew by 20%

In the first nine months of the year 2014, new car registrations were up by 20% compared to the first nine months of last year, Ingus Rutins, the vice president of "Automotive Association", told Nozare.lv, writes LETA.

16.10.2014

Cabot president praises qualified workforce and well-developed IT services in Latvia

The U.S. chemicals company Cabot Corporation (Cabot) made the decision to open its regional business center in Riga taking into consideration the availability of qualified personnel with good command of foreign languages, and the well-developed IT sector in Latvia, as Cabot President and CEO Patrick Prevost said during the center's opening ceremony on Tuesday, cites LETA/Nozare.lv.

16.10.2014

The number of persons employed in Latvian transportation industry increased by 36.8% over five 5

A study carried out by Lursoft shows that the Latvian transportation and logistics industry currently comprises over 5500 enterprises, 67.72% of which are registered in Riga and its surroundings. The industry has experienced an increase in popularity since 2004, when the number of enterprises operating in the industry started growing rapidly.

16.10.2014

Sales revenue of Tallinn Kaubamaja grew by 8% in 9 months

The consolidated unaudited sales revenue of the Tallinn Kaubamaja group was 133.2 million euros during the third quarter of 2014; this exceeded the previous year's sales revenue by 6.8% while the company's profit fell, the retail sales company informed the Tallinn Stock Exchange, cites LETA.

15.10.2014

The Freeport of Riga boasts cargo turnover by 13.8% in September

Compared to September of the previous year the volume of various cargos handled at the Freeport of Riga in 2014 has increased by 13.8% – almost 3, 5 million tons were transshipped within one month, reports BC port’s press service.

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