International Internet Magazine. Baltic States news & analytics
Friday, 09.10.2015, 23:06
According to Statistics Estonia, 394,000 tourists used the services of accommodation establishments in August 2015, which was 4% more than in August 2014. The number of both foreign and domestic tourists increased.
Keyword tags: Analytics, Baltic States – CIS, Estonia, EU – Baltic States, Good for Business, Tourism
Ports managed by the Estonian state-owned Tallinna Sadam (Port of Tallinn) serviced in September 709,271 passengers; as compared to the same period of the previous year, the number of passengers was by 2.1% higher and it was the best September result ever, the company announced LETA.
Estonian construction company Kodumaja AS was declared the Company of the Year at the Estonian Best Enterprises 2015 award ceremony on October 8th, LETA/Public Broadcasting reports.
The fruit and vegetable processing company Spilva is compensating a reduction of exports to Russia with an increase in exports to Europe, as well as new export markets, the company's director Lolita Bemhena informed LETA.
In the second quarter of 2015, the flow of foreign direct investment (FDI) to Lithuania amounted to EUR 65.23 million, or 3.5 times more than in the same period a year ago, reports LETA/ELTA.
The team of Vilnius University (VU) students, the first team ever from the Baltic countries, represented Lithuania in the prestigious synthetic biology competition iGEM (International Genetically Engineered Machine competition) in Boston in September 2015, informs LETA/ELTA.
Lithuanian Railways (Lietuvos gelezinkeliai) and Chinese state corporation China Merchants Group (CMG) are planning to set up a joint expedition venture in the near future. The company will handle freight transportation between Lithuania, Belarus, and China, reports LETA/ELTA.
President Dalia Grybauskaite together with King Carl XVI Gustaf of Sweden, who is on a state visit in Lithuania, attended the Swedish Business Awards Ceremony. The Awards, which celebrate their tenth anniversary, aim at strengthening Lithuanian and Swedish business ties and highlighting business responsibility towards society and nature as well as the benefits of international cooperation in business, reports BC presidential press service.
The Latvian cosmetic manufacturer Stenders will open up a new shop in Singapore today, the company's spokeswoman Baina Cipa-Ziemele told LETA.
On October 8, 2015, Estonia celebrates the first Entrepreneurs Day; Statistics Estonia wrote in it statistics blog that in 2014, there were nearly 114,000 economically active enterprises in Estonia, which is 53,000 more than ten years ago, informs LETA.
On October 7th, Lithuanian Prime Minister Algirdas Butkevicius has met with Li Xiaopeng, President of one of the largest China’s state-owned corporations China Merchants Group (CMG) and the delegation to discuss investment opportunities in Lithuania, Chinese delegation’s plans for our country, and to sign a letter of intent between Klaipeda Seaport Authority, logistics services company VPA Logistics and the CMG, reported BC governmental press service.
The new rector of WU Vienna, Prof. Edeltraud Hanappi-Egger, has appointed Assoc. Prof. Barbara Stöttinger as the WU Executive Academy's new dean. Prof. Stöttinger took over from her predecessor, Prof. Bodo B. Schlegelmilch, on October 1, 2015. Under her deanship, WU Vienna's business school is to continue its successful track record. BC during the press tour to Vienna had a pleasure to make an interview with Barbara, concerning to studying at WU Executive Academy.
The joint-stock confectionery Laima doubled its export volume to the United States this year by changing the focus from "duty-free" shops to supermarkets; the company also started producing private brand products exclusively for American customers, as Laima informed LETA.
On October 7th, at the Government Office representatives of Klaipeda State Seaport Authority and logistics services company VPA Logistics signed a letter of intent over development of cooperation with China Merchants Group (CMG), one of China's state-owned port operators, informs LETA/ELTA.
The Estonian Tax and Customs Board (TCB) and the technology company Uber are creating a working group to examine what are the appropriate solutions for payment of taxes for the expanding sharing economy services across Europe, LETA/Postimees Online reports.