Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 21.02.2017, 23:03

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UniPark buys Citypark Eesti

UniPark buys Citypark Eesti

21.02.2017

Stova, a Lithuanian company that provides car parking services under the UniPark brand, has purchased Citypark Eesti, the owner of around 6,500 parking spaces in Tallinn, reports LETA/BNS.

Keyword tags: Estonia, Good for Business, Lithuania, Markets and Companies, Transport



Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

21.02.2017

The municipal water supplier Vilniaus Vandenys (Vilnius Water) sold its headquarters in Vilnius' Old Town to the Danish-owned property developer Asgaard Property for 3.9 mln euros in an auction on Tuesday.

Latvian banks show higher profitability than EU average

Latvian banks show higher profitability than EU average

21.02.2017

Latvian banks' profitability figure is higher than in the European Union on average, Peteris Putnins, chairman of the Financial and Capital Market Commission (FCMC), said at a news conference today citing LETA.


Estonian IT company Helmes wins software tender of OECD

Estonian IT company Helmes wins software tender of OECD

20.02.2017

The Estonian software company Helmes has won a framework tender for information systems development of the Organization for Economic Cooperation and Development, reports LETA/BNS.

Renewable energy investments amount to EUR 70 mln in 2016

Renewable energy investments amount to EUR 70 mln in 2016

20.02.2017

According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.


20.02.2017

Orkla Confectionery&Snacks Latvija boosts zephyr export to 52%

Orkla Confectionery&Snacks Latvija has increased exports of Maigums zephyrs to 52 percent of the zephyr output, and the increase has been ensured by rise of sales in such markets as Israel, Ireland and Greece, the company reported LETA.

20.02.2017

Baltic Dairy Board has sent its first shipment to US

Latvian dairy company Baltic Dairy Board in mid-February has sent its first shipment of first milk protein concentrate to the US, the company said in a statement to the Nasdaq Riga stock exchange.

17.02.2017

Russian startup aims to build small-scale LNG terminals around Baltic Sea

Alongside Gazprombank-controlled Cryogas, which supplies LNG to Eesti Gaas, LNG Gorskaya, a relatively small privately-owned Russian energy company, is entering the Baltic LNG sector with plans to build small-scale LNG terminals around the Baltic Sea to deliver fuel to ships sailing in the sea, the business daily Verslo Zinios reported on Friday writes LETA/BNS.

17.02.2017

Riga International Airport resumes work

Riga International Airport is up and running as normal again after the airport's work was halted when an aircraft skidded on a runway before takeoff earlier today.

16.02.2017

Iranian oil might be delivered through Ventspils port

Belarus for the first time has purchased a batch of oil from Iran, and possibly it might be delivered via Latvia’s Ventspils port, Reuters learned from unofficial sources, writes LETA.

16.02.2017

Tieto Latvia has developed national instant payments software for Kenya

Tieto Latvia IT company has developed national level instant payments platform for Kenya, BC learned from the company.

16.02.2017

Estonian Levikom to roll out new generation IoT network in spring

The Estonian telecommunications company Levikom is upgrading its NORAnet network to start offering internet of things (IoT) connectivity services with radio access, including geolocation services, in spring.

16.02.2017

Baltic Workboats raises wages

The boat builder Baltic Workboats based on Estonia's largest island of Saaremaa raised the wages of its production personnel by close to 25% at the beginning of this year. reprots LETA/BNS.

15.02.2017

Estonia climbs to place 6 in Heritage and WSJ economic freedom index

Estonia climbed from ninth to sixth place on the Heritage Foundation and Wall Street Journal (WSJ) 2017 index of economic freedom published on Wednesday writes LETA/BNS.

15.02.2017

Hyperloop One taking interest in Estonia

Hyperloop One views the Baltic region as an excellent market and believes that it would be easy to link up Estonia to the Hyperloop transportation link being built in Finland, Alan James, vice president of Hyperloop One, said LETA/BNS.

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