Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 18.06.2019, 08:14

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Lithuanian banks' profits up 8.5% to 91 mln

Lithuanian banks' profits up 8.5% to 91 mln

17.06.2019

Commercial banks and branches of foreign banks operating in Lithuania posted 90.9 million euros in combined net profits in the first quarter, up 8.5 percent from the same periods last year. The Q1 profit figure was the highest since 2011, according to the central Bank of Lithuania writes LETA/BNS.

Keyword tags: Banks, Financial Services, Good for Business, Lithuania



Balticconnector undersea gas pipeline reaches land in Estonia

Balticconnector undersea gas pipeline reaches land in Estonia

17.06.2019

Following an operation that lasted almost 24 hours, the end of the undersea pipeline of the Estonia-Finland gas interconnection Balticconnector reached land at Pakrineeme on Pakri peninsula in northwestern Estonia on Monday morning, informed LETA/BNS.

Estonia: PRFoods sees 17.8% drop in revenue in May

Estonia: PRFoods sees 17.8% drop in revenue in May

17.06.2019

Listed Estonian producer and seller of fish products PRFoods saw its revenue in May decline 17.8 % year over year to 6.7 mln euros, informed LETA/BNS.


Latvia elected to UN Economic and Social Council

Latvia elected to UN Economic and Social Council

14.06.2019

Latvia was elected a member of the Economic and Social Council (ECOSOC) for the term of 2020–2022 at the plenary session of the United Nations (UN) General Assembly in New York on Friday, the Latvian Foreign Ministry informed LETA.

Two Rail Baltica contracts signed in Vilnius

Two Rail Baltica contracts signed in Vilnius

14.06.2019

A contract on the detailed technical design of the European standard-gauge railway Rail Baltica's section from Ramygala to the Lithuanian-Latvian border has been signed in Vilnius on Fridau, RB Rail, the pan-Baltic company behind the project, announced, informed LETA/BNS.


14.06.2019

A Year in the Klaipeda FEZ: 1.2 bn EUR in revenue, record-breaking sales, and paid taxes

2018 was the best year in the Klaipeda FEZ, the total revenue of the 34 investors established in the zone was 1.239 bn EUR, a 20% increase over 2017. The last year also broke records in exports, purchases in Lithuania, as well as taxes paid.

14.06.2019

Lithuania registers positive migration balance for 4th month in a row

Lithuania registered a positive migration balance for the fourth successive month in May as more people came into the country than left, with economists pointing to rising wages and facilitated immigration processes as determining factors, informed LETA/BNS.

14.06.2019

Estonia: Bolt launches service for people with special needs

Taxi hailing service Bolt, founded and run by Estonians and formerly named Taxify, launched the Assist category in Tallinn in which drivers have been trained to help people who need support getting from point A to point B.

14.06.2019

Estonia: Logging volume grows to 15.6 mln cubic meters in 2018

The volume of logging in Estonian forests increased by 12.8% year over year to 15.6 mln cubic meters in 2018, figures retrieved from felling documents and made available by Statistics Estonia show.

14.06.2019

Saaremaa to start search for operator of Montu-Ventspils ship route

he rural municipality government of Saaremaa, Estonia's largest island, has decided to arrange a procurement for finding an operator for the Montu-Ventspils ship route, according the regional Saarte Haal information reports LETA/BNS.

13.06.2019

Nortal increased revenue, as well as operating profit, in 2018

Multinational strategic change and technology company Nortal increased total consolidated revenue in 2018 by 38% to 66.8 mln EUR, and operating profit (EBITDA) by 39% reaching 7.4 mln EUR.

13.06.2019

GET Baltic is expanding regional gas exchange operations to Finland from 2020

Regional Gas Exchange GET Baltic, operating in Lithuanian, Latvian and Estonian market areas is prepared to expand geographical coverage to other Northern Europe countries by launching new market area in Finland, and contributing to deeper integration of the Finnish and Baltic gas markets from 1st January 2020, informed Get Batlic rerpresentative.

13.06.2019

Tallinna Sadam signs agreements for dry bulk, general cargo terminal development at Muuga

The listed Estonian port company Tallinna Sadam signed a cooperation agreement and a building title agreement with PK Terminal OU for the development of a dry bulk and general cargo terminal in Muuga Harbor, which deals with the handling and storage of round timber, wood pellets, metal products and crushed stone, informed Tallinna Sadam.

13.06.2019

Finnish shipper Viking Line to add departures on Tallinn-Helsinki route from Friday

Starting from Friday, Finnish ferry operator Viking Line is to add departures on the Tallinn-Helsinki route for the summer period, reported LETA/BNS.

13.06.2019

Ian Brown appointed new EBRD Head of Baltics

The EBRD has appointed Ian Brown to lead its operations in the Baltics. He will follow Matti Hyyrynen as the Head of Office in Vilnius and assume his post in August 2019, EBRD representative informed BC.

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