Good for Business

International Internet Magazine. Baltic States news & analytics Saturday, 27.05.2017, 12:58

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Power generation by Latvian hydro power plants grows 69.2% y-o-y in Jan-April

Power generation by Latvian hydro power plants grows 69.2% y-o-y in Jan-April

26.05.2017

n the first four months of 2017, Latvia's hydro power plants generated by 69.2% more electric power than during the same period in 2016, according to the information from the Central Statistical Bureau.

Keyword tags: Energy, Energy Market, Good for Business, Latvia



E-residents can now open bank account without visiting Estonia

E-residents can now open bank account without visiting Estonia

26.05.2017

The Estonian e-residency program has launched a partnership with the Finnish financial technology company Holvi as a result of which e-residents of Estonia can set up a business and open a business current account over the internet.

Latvenergo begins selling natural gas to customers in Latvia

Latvenergo begins selling natural gas to customers in Latvia

26.05.2017

Joint-stock power utility Latvenergo's brand Elektrum has begun natural gas supplies to legal entities in Latvia, the company informed LETA.


Fairy Tale Coin II. Hedgehog's Coat voted in as Latvia's Coin of the Year 2016

Fairy Tale Coin II. Hedgehog's Coat voted in as Latvia's Coin of the Year 2016

25.05.2017

The winner of Latvia's Coin of the Year 2016 Award has been selected by the traditional annual public survey vote, and this year the award goes to Fairy Tale Coin II. Hedgehog's Coat, Bank of Latvia spokesman Janis Silakalns reported.

Negotiations with Ryanair on opening hub in Riga continue

Negotiations with Ryanair on opening hub in Riga continue

25.05.2017

Riga International Airport continues negotiations with Irish low-cost airline Ryanair on opening a hub in Riga, said the airport’s board chairwoman Ilona Lice in an interview with the Latvian public radio on Thursday citing LETA.


25.05.2017

Number of guests in Riga hotels and other tourist accommodations grows 7% in 2016

he number of foreign guests staying at hotels and other types of accommodations in Riga in the first quarter of this year totaled 221,300, growing 7 percent year-on-year, the Riga Tourism Development Bureau (RTAB) said, citing information from the Latvian Central Statistical Bureau.

25.05.2017

Lithuania's herbal tea maker Svencioniu Vaistazoles starts exports to Saudi Arabia

Lithuania's herbal tea producer Svencioniu Vaistazoles has sent the first containers with tea blends for babies to Saudi Arabia and expects to increase its exports by one-fifth this year, reported LETA/BNS on Thursday according to Verslo Zinios.

25.05.2017

Latvia's Rietumu Banka posts profit of EUR 15.431 mln for Q1

Latvia's Rietumu Banka earned a profit of EUR 15.431 mln in the first quarter of this year, which is a growth by 8.6% from the same period in 2016, the bank announced.

24.05.2017

Cargo turnover of Baltic ports up 5.8% in four months; the Riga port was in second place

All Baltic ports together handled 52.584 mln tons of cargo in January-April this year, up 5.8% or 2.878 mln tons from the same period in 2016, according to the data released by the Latvian Central Statistical Bureau writes LETA.

24.05.2017

German investors consider Baltics the best place to invest in Central and Eastern Europe

A survey conducted by the German-Baltic Chamber of Commerce (AHK) in 2017 shows German businesses as having a better opinion of the Baltic countries than of any other country in Central and Eastern Europe, writes LETA.

24.05.2017

Astlanda Ehitus to construct apartment buildings in Tallinn

Estonian construction company Astlanda Ehitus has begun the construction works of apartment buildings located at 7, 9, and 11 Tobiase Street in Tallinn, the total value of the project is 18 mln euros, reported LETA/BNS.

23.05.2017

TGW Logistics Group to set up engineering service centre in Kaunas

TGW Northern Europe, a unit of Austria-based TGW Logistics Group, is setting up an engineering service centre in Lithuania's second-biggest city of Kaunas, with plans to hire up to 100 information technology and system automation engineers over the next few years, Invest Lithuania said on Tuesday.

23.05.2017

Beer production in Latvia grows 31% y-o-y in Q1

In the first quarter of this year, 20.14 miln liters of beer were produced in Latvia, which is a growth by 31.05% compared to the same period last year, according to the information about excise goods prepared by the Latvian State Revenue Service writes LETA.

23.05.2017

National lottery company Latvijas Loto plans to enter interactive gambling market

The Latvian national lottery company Latvijas Loto may enter the interactive gambling market next year, the Finance Ministry said LETA.

23.05.2017

EfTEN acquired new Selver supermarket development on the outskirts of Tallinn

A public closed-end alternative investment fund EfTEN Real Estate Fund III AS acquired from Oma Ehitaja AS a property at Pärnu maantee 554 and company Projekt 554 OÜ, developing new Selver supermarket to Laagri borough, located on the outskirts of Tallinn, Eften fund informed BC.

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