Good for Business

International Internet Magazine. Baltic States news & analytics Monday, 27.04.2015, 12:00

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New profit and turnover records for Valmiera Glass group in Q1

New profit and turnover records for Valmiera Glass group in Q1

27.04.2015

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



Lithuanian cheese Dziugas to reach Brazilians

Lithuanian cheese Dziugas to reach Brazilians

27.04.2015

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.

Klaipedos Smelte becomes Lithuania's Investor of the Year 2014

Klaipedos Smelte becomes Lithuania's Investor of the Year 2014

27.04.2015

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.


Narvesen Baltija turnover, profit increases in 2014

Narvesen Baltija turnover, profit increases in 2014

24.04.2015

Convenience store chain Narvesen Baltija posted EUR 64.05 million in turnover last year, reports LETA, according to Firmas.lv.

Wizz Air opens flights from Riga to Lübeck

Wizz Air opens flights from Riga to Lübeck

24.04.2015

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.

24.04.2015

Costa Pacifica opens the cruise season in Tallinn

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.

24.04.2015

Lithuanian Vilniaus Baldai posts profit of EUR 800,000 in Q1

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.

24.04.2015

UPM expands Estonian Otepää plywood mill

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.

23.04.2015

Finnish investors are planning to buy thousands of apartments in Tallinn

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.

23.04.2015

NIB to provide long-term loan to Lithuania for renovation of buildings

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.

23.04.2015

Latvian scientist Kalvins nominated for European Inventor Award

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.

22.04.2015

Japanese Culture Ministry allots EUR 200,000 funding for Martinsons' new film "Magic Kimono"

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.

22.04.2015

Latvian plywood producer Verems plans to increase turnover 10% in 2015

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.

22.04.2015

The operating profit of GEFCO in 2014 grew by 10.5%

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.

22.04.2015

Wizz Air has opened flights from Riga to Stavanger in Norway

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.

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