Good for Business

International Internet Magazine. Baltic States news & analytics Thursday, 29.10.2020, 12:46

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Turnover of Liepkalni bakery up 10.5% in 2019

Turnover of Liepkalni bakery up 10.5% in 2019

29.10.2020

Turnover of Liepkalni bakery last year increased by 10.5%, reaching EUR 8.955 million, while the company's profit increased almost twice to EUR 542,676, writes LETA, according to Firmas.lv business database.

Keyword tags: EU – Baltic States, Foodstuff, Good for Business, Latvia, Markets and Companies



EIB supports ALTUM to help Latvian businesses

EIB supports ALTUM to help Latvian businesses

28.10.2020

EUR 130 mln in financing to support ALTUM’s measures to help Latvian businesses cope with the economic consequences of the Covid-outbreak. Signed in early July, so far more than 470 Latvian businesses have been supported with various measures, including lower interest rates and longer repayment horizons.

EfTEN Capital acquires Bergi logistics center in Latvia

EfTEN Capital acquires Bergi logistics center in Latvia

28.10.2020

EfTEN Real Estate Fund 4, a fund managed by EfTEN Capital, has signed an agreement with investment fund Lords LB Baltic Fund III on acquisition of logistics center Bergi, BC learned from EfTEN Capital representaitve Renate Kaupasa.


Earnings of Harju Elekter jumped almost 90% in January-September

Earnings of Harju Elekter jumped almost 90% in January-September

28.10.2020

The consolidated net profit of listed Estonian electrical equipment manufacturer Harju Elekter in the third quarter of 2020 totaled 1.7 million euros, being bigger by 28.4% than in the same period in 2019, while consolidated net profit for the first nine months of the year surged 88.9% to close to 4.4 million euros, informs LETA/BNS.

Almost 6 000 students and teachers have taken part in LVM forest expeditions this autumn

Almost 6 000 students and teachers have taken part in LVM forest expeditions this autumn

28.10.2020

Taking the opportunity to learn about forest in nature, 5 841 students and teachers from 279 class groups went on study hikes or expeditions in Latvia’s state forests specially prepared by JSC “Latvia's State Forests” (LVM) in September. For the fifth year in a row, expeditions for 6th grades took place in eight regions near the largest cities of Latvia. Students were welcomed in nature and there were 111 experienced LVM employees who perform planning, logging, tending and other works on a daily basis to introduce the students to the tasks and challenges in forest.


28.10.2020

LIAA attracts investments worth EUR 204 mln in 9 months

The Latvian Investments and Development Agency (LIAA) in the first nine months of this year attracted investments worth EUR 204 million, said LIAA director Kaspars Rozkalns in an interview with the Latvian public radio today, cites LETA.

28.10.2020

Tallinn Airport to expand passenger terminal's luggage area for EUR 1.5 mln

The state-owned airport company AS Tallinna Lennujaam has announced a second public procurement for finding a contractor to expand Tallinn Airport passenger terminal's luggage area and luggage handling system, the estimated value of the contract is close to 1.5 mln euros, wirtes LETA/BNS.

28.10.2020

Rimi Baltic invests EUR 82 mln in expansion and renovation of its new logistics center in Riga

Rimi Baltic retail company has expanded and renovated its new logistics center at 161 Augusta Deglava Street in Riga, investing EUR 82 mln in the project, the company's CEO Edgar Sesemann said an the opening of the logistics center.

27.10.2020

Eesti Energia launching virtual power plant

The state-owned energy group Eesti Energia is launching a virtual power plant which makes large electrical devices generate revenue to Eesti Energia customers by reducing power costs and increasing the amount of renewable energy on the market, informs LETA/BNS.

27.10.2020

Lithuania's Vinted takes over Dutch United Wardrobe

Vilnius-based Vinted, Europe's biggest second-hand fashion platform, has taken over United Wardrobe, a Dutch competitor, writes LETA/BNS.

27.10.2020

3 Estonian cos shortlisted for European Business Awards for Environment

Estonian businesses Roofit Solar Energy, Estanc and Reverse Resources have been shortlisted for the European Business Awards for the Environment (EBAE); the winners of the competition are to be announced on Nov. 3, informed LETA/BNS.

27.10.2020

Latvian Holocaust drama wins jury award at Polish film festival Echoes of Katyn

Latvian filmmaker Davis Simanis' Holocaust drama The Mover has won the jury award at Poland's Echoes of Katyn International Film Festival, informed LETA/POLSKIE RADIO.

27.10.2020

HCL Technologies Lithuania boosts FY net profit by 21%

HCL Technologies Lithuania, an Indian-owned programming and IT company that opened a new office in Vilnius in 2019, has reported a net profit of 812,600 euros for the past financial year, a rise of 21% year-on-year, informs LETA/BNS.

26.10.2020

Lithuania's Capitalica selects local contractor for Riga office complex

Capitalica Asset Management, an investment management company of Lithuania's SBA Group, has signed a 49-million-contract with Latvia's building company Velve for the construction of the Verde Riga business office complex in the Latvian capital, writes LETA/BNS.

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