Good for Business

International Internet Magazine. Baltic States news & analytics Saturday, 01.10.2016, 18:31

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All plans in Latvian govt-funded pension scheme show positive annual yield in September

All plans in Latvian govt-funded pension scheme show positive annual yield in September

30.09.2016

All plans in Latvia's government-funded pension scheme showed positive yield at the end of September 2016, according to publicly available information on the government-funded pension plans, reports LETA.

Keyword tags: Analytics, Banks, Financial Services, Funds, Good for Business, Latvia, Pensioners



Number of guests in Riga hotels might grow by 10 % this year

Number of guests in Riga hotels might grow by 10 % this year

30.09.2016

The number of guests in Riga hotels and other tourist facilities this year might grow by about 10 %, said Riga Tourism Development Bureau (RTAB) head Vita Jermolovica in an interview with LETA.

Rock Cafe Tallinn to open with new owner in charge

Rock Cafe Tallinn to open with new owner in charge

29.09.2016

A newly established company, RCM Invest OU, has taken over running the popular Tallinn concert venue Rock Cafe after the bankruptcy of the previous owner, RC Meelelahutuse OU, writes LETA/BNS.


ABB to open shared services center in Estonian capital

ABB to open shared services center in Estonian capital

29.09.2016

The global technology group ABB is about to open a regional business service center in Ulemiste City, Tallinn on Oct. 11, reports LETA/BNS.

A14 Vilnius–Utena highway approved for EIB financing

A14 Vilnius–Utena highway approved for EIB financing

27.09.2016

A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank (EIB) and is set to receive financing from the European Fund for Strategic Investments (EFSI). The total sum of the loan is to be capped at EUR 40 million and will have a 12 year term, Invest Lithuania informs BC.


27.09.2016

University of Latvia receives EUR 1 million donation from Mikrotikls company

The University of Latvia has received another donation worth EUR 1 million from Mikrotikls company, manufacturer and distributor of telecommunications systems, BC learned from the university.

27.09.2016

Most of the crops have been harvested in Estonia

According to Statistics Estonia, by 15 September, 91% of the sown area of cereals, 49% of the sown area of rape and turnip rape, and 50% of the area under potatoes had been harvested in Estonia.

26.09.2016

Estonia's Omniva doubles number of parcel terminals in Latvia

As a result of an increase in the number of online shoppers Estonia's state-owned postal company doing business under the Omniva name will open 30 new parcel terminals in Latvia which is twice as much as initially planned, reports LETA.

26.09.2016

Latvia’s Madara Cosmetics invests almost EUR 3.5 mln in new plant

Latvia’s Madara Cosmetics company has invested almost EUR 3.5 mln in its new plant, the company’s director Uldis Iltners reported LETA.

26.09.2016

EU Customs Union: combating global fraud in goods

Newly published Commission’s report shows that in 2015 the EU’s share of world trade in goods accounted for almost 15%, worth €3.5 trillion. To manage this volume of international trade requires handling millions of customs declarations per year. However, more than 40 million products violating intellectual property right were detained at the EU's external borders, with a value of nearly €650 million.

23.09.2016

US Energy Association believes Eesti Energia's Utah project has much support

According to the head of the United States Energy Association (USEA), Barry K. Worthington, the Utah oil shale development project of Estonia's state-owned energy group Eesti Energia has much support and a great likelihood of success, reports LETA/BNS.

22.09.2016

The Pindstrup Group opens the wood fiber plant in the Baltics

Latvia’s largest producer of growing media, SIA Pindstrup Latvia of the Pindstrup Group, today opened a new wood fiber plant in the town of Baloži, Ķekava district, for the production of Forest Gold – a new component for growing media – for professional growers, Pindstrup representative told BC.

22.09.2016

Google the most favorite brand in Latvia this year

Google is the most popular brand in Latvia this year, according to a research project carried out by DDB Consulting, GfK Custom Research Baltic, magazine Kapitals, and PHD Latvia, reports LETA.

22.09.2016

HansaMatrix high-tech company plans to close year with higher turnover

Latvia’s HansaMatrix high technology company this year plans to achieve EUR 14.6 mln in turnover, the company’s board chairman Ilmars Osmanis said in an online conference today, writes LETA.

21.09.2016

Estonian A. Le Coq sells 20 mln liters of beer in Finland

The Estonian beverage house A. Le Coq sold 20 million liters of beer of the A. Le Coq brand on the Finnish market in the first eight months of this year, emerging as the third biggest beer brand in that country according to a study by Nielsen reports LETA/BNS.

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