International Internet Magazine. Baltic States news & analytics
Monday, 27.04.2015, 12:00
Latvian Fiberglass producer Valmiera Glass (Valmiera stikla skiedr) achieved a 14% increase in net turnover in the first quarter of 2015, according to Valmiera Glass group's consolidated non-audited financial results for the first quarter, reports LETA.
Keyword tags: Good for Business, Industry, Latvia, Markets and Companies
Lithuania's State Food and Veterinary Service (VMVT) has received a confirmation from Brazil's Ministry of Agriculture, Livestock and Food Supply regarding a permit to export Lithuanian cheese Dziugas to Brazil, reports LETA/ELTA.
Lithuania's stevedoring company Klaipedos Smelte has been awarded as the Investor of the Year 2014. The award was presented to the company during a traditional award ceremony held by the association Investors' Forum, informs LETA/ELTA.
Convenience store chain Narvesen Baltija posted EUR 64.05 million in turnover last year, reports LETA, according to Firmas.lv.
Wizz Air, the largest budget airline in Central and Eastern Europe, from 24 April 2015 opens flights from Riga International Airport to Lübeck (Germany), reports BC airport’s press service.
On May 4, 2015, the moorage of the Costa Pacifica cruise ship in the Old City Harbour will officially open the summer cruise season in Tallinn. The season will last until October 17, 2015, reports BC port’s press service.
In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000, informs LETA/ELTA.
Finnish forest industry company UPM announced that it strengthens its position as the leading plywood manufacturer in Europe and expands the Otepää plywood mill in Estonia, reports LETA.
Finnish investors-owned Asuntosalkku Eesti OY plans to buy thousands of rental apartments in Tallinn; it has already acquired the first 50 apartments in the Old Town neighbourhood, Postimees Online cites the Finnish Kauppalehti.
On Thursday, 23 April 2015, the Board of Directors of the Nordic Investment Bank (NIB) confirmed that the bank will issue a loan of EUR 100 million to Lithuania to finance its Public Sector Energy Efficiency and Housing Renovation programmes. According to the Ministry of Finance, the deal will be inked in the nearest future, reports LETA/ELTA.
Ivars Kalvins, Director of the Latvian Institute of Organic Synthesis, has been nominated for the European Inventor Award in the lifetime achievement category, informs LETA.
Latvian director Maris Martinsons' new feature film "Magic Kimono" has received the Japanese Culture Ministry's financial support in the amount of over EUR 200,000, as Edgars Gertners from the film's creative team informed LETA.
The Rezekne Special Economic Zone wood processing company Verems increased its turnover by 3% and profit by 6% in 2014, reports LETA, according to Firmas.lv information.
Global player in industrial logistics and European leader in Automotive logistics, the GEFCO Group generated a turnover of € 4.1 billion in 2014, up 1.5 % compared with the same period in 2013. The current operating profit stands at € 105 million, up 10.5 % compared with 2013, reported BC Dita Bukovska.
Wizz Air, the largest budget airline in the Central and Eastern Europe, from 22 April 2015 is opening flights from Riga International Airport to Stavanger (Norway). Flights on the route Riga-Stavanger-Riga will take place twice a week – on Wednesdays and Sundays – on the aircraft Airbus A320, reported BC Riga Airport.