Good for Business

International Internet Magazine. Baltic States news & analytics Thursday, 22.02.2018, 07:01

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Baltic Oil Service completes expansion in former oil plant compound

Baltic Oil Service completes expansion in former oil plant compound

22.02.2018

Baltic Oil Service OU, which bought the biodiesel plant of the bankrupt company Biodiesel Paldiski, has completed expansion within the compound and doubled its tank capacity, reports LETA/BNS.

Keyword tags: Energy, Estonia, Good for Business, Investments, Oil, Transport



HKScan Latvia to make 10 types of dumplings at plant in Jelgava

HKScan Latvia to make 10 types of dumplings at plant in Jelgava

22.02.2018

HKScan Latvia meatpacker today launched a new production line at its plant in Jelgava, central Latvia, which will be making ten types of pelmeni or Russian-style dumplings, reports LETA.

Orkla to invest over EUR 1 mln in transportation, packaging equipment for Adazu Cipsi plant

Orkla to invest over EUR 1 mln in transportation, packaging equipment for Adazu Cipsi plant

22.02.2018

Orkla Confectionery & Snacks Latvija, the producer of Laima, Selga, Staburadze and Adazu Cipsi brand products, will invest more than EUR 1 million in a potato chips transportation and packaging line, writes LETA, according to information available on the Public Procurement Monitoring Bureau’s website.


Beer production in Latvia rises 11% in 2017

Beer production in Latvia rises 11% in 2017

22.02.2018

In 2007, a total of 72.06 million liters of beer was produced in Latvia, which is 11% more than in 2016, reports LETA, according to the State Revenue Service's data.

Sales of fuel increase by 6% in Latvia in 2017

Sales of fuel increase by 6% in Latvia in 2017

22.02.2018

1,372,815 tons of oil products (fuel) was sold in Latvia in 2017, which is 77,299 tons or 6% more than in 2016, LETA learned from the State Revenue Service.


21.02.2018

EstBAN members invest EUR 11.3 mln in startups in 2017

Members of the Estonian Business Angels Network (EstBAN) invested 11.3 million euros in startups during 2017, and the investments made by EstBAN members outside Estonia have grown, informs LETA/BNS.

21.02.2018

Ekspress Grupp to publish 7 magazines of Ajakirjade Kirjastus

The listed Estonian media holding AS Ekspress Grupp and Suits Meedia OU have signed an agreement under which the business of the magazine publisher AS Ajakirjade Kirjastus will be reorganized to make Ekspress Meedia the publisher of six monthly magazines and the weekly magazine Kroonika of Ajakirjade Kirjastus, whereas the remaining publications will merge with SL Ohtuleht, informs LETA/BNS.

21.02.2018

Turnover of Lithuanian wholesalers over EUR 20 bln in 2017

Turnover of Lithuania's wholesale companies, excluding car and motorcycle sales, totaled at 20.45 billion euros not including VAT at current prices in 2017, Verslo Zinios business daily said, citing Statistics Lithuania, writes LETA/BNS.

21.02.2018

Arxan Technologies opens office in Vilnius

US-based cyber-security company Arxan Technologies has opened a branch in Vilnius, with plans to hire 40 technical professionals over the next two years, Invest Lithuania said on February 20th, cites LETA/BNS.

21.02.2018

Adcash makes investment in payment technology provider Zlick

The global adtech company Adcash has announced an investment in the payment technology provider Zlick in Estonia, informs LETA/BNS.

21.02.2018

Latvia raises exports of forestry products by 6% in 2017

In 2017, Latvia exported EUR 2.22 billion worth of forestry products, up 6% against 2016, writes LETA, according to information released by the Agriculture Ministry.

20.02.2018

Melbardis and Strenga to each receive cash reward of up to EUR 38,418 for bronze

The Latvian two-man bobsleigh duo of Oskars Melbardis and Janis Strenga will most likely each receive a cash award of up to EUR 38,418 for their third place finish in the Olympic two-man bobsleigh competition yesterday, according to Cabinet of Ministers regulations, informs LETA.

20.02.2018

Hesburger to invest EUR 5.5 mln in expansion in Latvia in 2018

The Finnish-owned fast food chain Hesburger in 2018 plans to invest EUR 5.5 million in expansion of its business in Latvia, the company announced LETA.

20.02.2018

Melbardis and Strenga win first medal for Latvia at Winter Olympics

Latvian bobsleigh pilot Oskars Melbardis and brakeman Janis Strenga on Monday won bronze in two-man bobsleigh event at the 2018 Winter Olympics, finishing just 0.05 seconds behind the first place, informs LETA.

20.02.2018

Merko to build apartment building in Vilnius

UAB Merko Statyba, the Lithuanian subsidiary of the listed Estonian construction group AS Merko Ehitus, has started the construction of a three-storey apartment building in the Old Town of Vilnius which is to be complete by the end of 2019, informs LETA/BNS.

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