Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 26.08.2016, 04:25

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Estonia to ban free plastic bags in stores

Estonia to ban free plastic bags in stores

25.08.2016

Citing a EU directive, the Estonian Ministry of Environment wishes to ban free lightweight plastic bags in stores from July 2017 and to raise the price of plastic carrier bags available in stores to up to one euro apiece from 2019, write LETA/BNS.

Keyword tags: Ecology, Estonia, EU – Baltic States, Good for Business, Retail, Society



Nordea and DNB banks to combine Baltic operations

Nordea and DNB banks to combine Baltic operations

25.08.2016

Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017, reports LETA.

Estonian postal co to buy 30 ATVs

Estonian postal co to buy 30 ATVs

24.08.2016

The Estonian state-owned postal and logistics services company AS Eesti Post operating under the Omniva brand is planning to buy 30 all-terrain vehicles (ATVs) for delivering post, reports LETA/BNS.


China's Alibaba Group wants to use Latvia as transit point for its shipments

China's Alibaba Group wants to use Latvia as transit point for its shipments

24.08.2016

The Chinese e-commerce company Alibaba Group is interested in shipping its goods to Northern Europe using Latvia as a transit point, Latvian Investment and Development Agency representatives said at a meeting of Latvian Ports, Transit and Logistics Council today, reports LETA.

Russians back in Lithuanian sanatoriums

Russians back in Lithuanian sanatoriums

24.08.2016

Sanatoriums in Lithuania are again hosting growing numbers of guests from Russia, with more clients coming from other important foreign markets, therefore, some of the sanatoriums expect a two-digit increase in 2016 revenue, LETA/BNS cites Verslos Zinios daily information.


23.08.2016

Estonian Taxify to launch operations in 4 new cities in September

The Estonian taxi-hailing app Taxify which has recently expanded its operations to Budapest, Bucharest and Nairobi is planning to launch its operations in four other cities around the world in September, reports LETA/BNS.

22.08.2016

China’s investment enters the Baltic Sea region from Denmark

Immensely big China’s interest to the Baltic Sea region has been evident during recent “China-Europe Forum” in Denmark. Thus, Europe is becoming ever closer connected to the Eurasian project involving apparently the Baltic States too. Politicians in the Baltic States shall see these perspectives as a new and positive challenge.

19.08.2016

Lindstrom workwear plant to be built in Tukums by early 2017

A new workwear plant of Finland's Lindstrom Prodem company will be built in Tukums by early 2017, the company’s representatives informed LETA.

18.08.2016

The President of Latvia will resume his work in the Riga Castle next week

President of Latvia Raimonds Vējonis returns to his permanent residence at Riga Castle in the morning on August 22 when the guard of honour will be restored at the Riga Castle and the Standard of the President of Latvia will be hoisted on the Tower of the Holy Spirit in a solemn ceremony.

17.08.2016

SAF Tehnika posts EUR 926,000 profit for last FY

In the last fiscal year, which lasted from July 1, 2015 to June 30, 2016, Latvian telecommunication equipment developer and producer SAF Tehnika generated EUR 13.707 million in preliminary consolidated turnover, up 6.6 percent year-on-year, while the group's profit contracted 27.6 percent to EUR 925,900, according to the company's interim report to Nasdaq Riga.

16.08.2016

Europe's 1st drone to cross marine area between states to land in Estonia

Europe's first unmanned civil flight to cross a marine area between countries is to land at the Kiltsi airfield in western Estonia on Tuesday after having taken off from Hanko, Finland, reports LETA/BNS.

15.08.2016

Estonian lenders to set up positive credit registry

The credit information company Krediidiinfo AS and 13 lenders active in Estonia are about to establish a liabilities registry, or so-called positive credit reporting registry, that creditors can use to assess the credit standing of their potential clients, informs LETA/BNS.

12.08.2016

Hydrogen-powered locomotives to be manufactured in Latvia

Railroad company Latvijas Dzelzcels, Czech company CZ Loko and Canada's Ballard Power Systems have signed a memorandum of understanding on cooperation in the development of technological solutions for manufacture of electric hydrogen-powered locomotives on the basis of the CME3 locomotive in Latvia, writes LETA.

11.08.2016

Viciunai signs hotel franchise deal with Hilton

Viciunai Group, a company owned by Visvaldas Matijosaitis, the mayor of Lithuania's second-biggest city of Kaunas, has signed a hotel franchise agreement with Hilton Worldwide, reports LETA/BNS.

11.08.2016

Fish stocks to continue to be replenished in Latvian waters in the coming years

In order to replenish fish stocks, over 6.02 million fish fry per year will be released in Latvian waters throughout the country the next four years, including lakes, rivers, reservoirs and in the Baltic Sea, LETA was informed by the Agriculture Ministry.

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