International Internet Magazine. Baltic States news & analytics
Saturday, 18.05.2013, 12:00
Industrial park and logistics center opens in Muuga
17.05.2013Today Katoen Natie, a Belgian company and one of the largest logistics firms in the world, opened a 25,000 square meters large warehouse complex for the management of goods to be directed to Russia and the CIS in Muuga, which, among other things, stands for the start of operations of Port of Tallinn Muuga industrial park, reported BC the Port of Tallinn.
Keyword tags: Estonia, EU – Baltic States, Good for Business, Logistics, Port, Transport
Autogas sales in Latvia increased by 50% in Q1
17.05.2013In comparison with the first quarter of 2012, autogas retail sales rose 50% in the first quarter of 2013, informs LETA/Nozare.lv, referring to data from the State Revenue Service.
Latvian pharmaceutical wholesalers' turnover increases by 4% in Q1
17.05.2013Latvian pharmaceutical wholesalers' turnover grew 4% in the first quarter of 2013, compared to the corresponding period in 2012, according to data from the State Agency of Medicines, informs LETA/Nozare.lv.
Juku starts sailing season between Tallinn and Aegna
17.05.2013Estonian motor vessel Juku opens its sailing season today, on May 17, Tallinn City Council said in a statement. The period of carrying passengers will last till mid-October, informs LETA.
EuroLCDs opens liquid-crystal display plant in Ventspils
17.05.2013Company EuroLCDs opens a new liquid-crystal display production facility in Ventspils High-Tech Park today, as the company's board member Ilmars Osmanis told LETA.
Estonian meat industries quadrupled profits in 2012
Estonian meat industries nearly quadrupled their profits in 2012 to 8.86 million euros, LETA/Public Broadcasting reports.
Real estate purchase transactions in Latvia increase by 13.8% in Q1
Compared to the first quarter of 2012, the number of real estate purchase transactions increased 13.8% in Latvia in the first quarter of 2013, according to the analysis of the Land Register's data by the real estate company Latio, writes LETA/Nozare.lv.
Lithuanian constructor Hanner implements logistics complex project in Russia
Lithuanian building enterprise Hanner has embarked on the second phase of NordWay, a logistics complex project near Saint Petersburg in Russia, Estonian business portal BBN said in a statement, writes LETA.
Norwegian Visma plans to create 300-500 IT jobs in Vilnius
Norwegian business software and services provider Visma's Vilnius software development unit Visma Lietuva plans to grow to up to 500 staff in the coming years, informs LETA/ELTA.
Lithuanian shipping company's earnings increased in January-March
Lithuanian shipping company earned income in amount of 25.6 million litas in January-March, 2013, and, if compared to the same months of 2012 income of 18.1 million litas, has increased by 41%, informed LETA the company.
In foreign trade of Latvia exports increases more rapidly than imports in Q1
The provisional data of the Central Statistical Bureau show that in the first quarter of the year 2013 the volume of goods exported at current prices increased by LVL 117.1 mln or by 7.7%, but at the same time volume of imports – only by LVL 25.8 mln or by 1.3% as compared to the first quarter of previous year.
Lithuania records EU's 2nd steepest increase in export in 2 months
Latvia's export increased eight% in the first two months of 2013, the fourth steepest increase across the European Union, according to the latest data from Eurostat. The steepest increase in export was recorded in Bulgaria – 18%, followed by Lithuania – 16%, and Greece – 11%, informs LETA.
airBaltic ahead of plan in Q1
Latvian airline airBaltic has improved its net result by LVL + 6.7 milllion in the first quarter of 2013, compared to the same period a year ago, informed BC vice president of corporate communications at airBaltic Janis Vanags.
Estonian entrepreneurs develop plant worth 25 mln euros in Russia
Estonian entrepreneurs invested approximately 25 millio euros in construction and operation of a lead-acid accumulator reprocessing plant, LETA informs, referring to the Estonian news portal dv.ee.
Olainfarm sales increase to LVL 3.78 mln in April
In April 2013, provisional consolidated sales for the joint-stock pharmaceutical company Olainfarm reached 3.78 million, a 17% increase on April 2012, according to the company's announcement at the NASDAQ OMX Riga stock exchange, writes LETA/Nozare.lv.
EU’s assessment of Latvian economic activity 
