Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 12.12.2018, 00:51

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Latgale Special Economic Zone included in the list of free zones

Latgale Special Economic Zone included in the list of free zones

11.12.2018

The government on Tuesday amended the Cabinet of Ministers regulations on free economic zone, including Latgale Special Economic Zone in this list.

Keyword tags: Economics, Good for Business, Latvia, Taxation



Latvian ports handle 5.9% more cargo in January-November

Latvian ports handle 5.9% more cargo in January-November

11.12.2018

Latvian ports handled 60.5 mln tons of cargo in January-November - a 5.9% increase on the same period last year, according to the Transport Ministry's data.

Freight shipping by rail in Latvia up 12.1% in January-November

Freight shipping by rail in Latvia up 12.1% in January-November

11.12.2018

In the first 11 months of this year, freight shipping by rail in Latvia increased by 12.1% year-on-year to 44.824 mln tons, according to the data released by the Transport Ministry.


Latvian insurance market may grow 7%-12% next year - association

Latvian insurance market may grow 7%-12% next year - association

11.12.2018

Latvia's insurance market could grow 7% to 12% next year, mostly because the national economy is also expected to keep growing next year, Latvian Insurers Association's President Janis Abasins told LETA on Tuesday.

In October foreign trade turnover in goods in Latvia was 13.3% larger than last year

In October foreign trade turnover in goods in Latvia was 13.3% larger than last year

11.12.2018

Provisional data of the Central Statistical Bureau show that in October 2018 the foreign trade turnover of Latvia amounted to EUR 2.66 bn, which at current prices was 13.3% more than in October 2017, of which the exports value of goods was 6.8 % and imports value of goods was 18.8% higher. In October, Latvia exported goods in the amount of EUR 1.16 bn, but imported in the amount of EUR 1.50 bn. Compared to October 2017, foreign trade balance has worsened as exports in total foreign trade amount decreased from 46.2% to 43.6%.


11.12.2018

Estonia: PRFoods, Tallinna Lihatoostus to develop joint offshore fish farm

Saaremere Kala AS, a subsidiary of the listed fish products seller PRFoods, and meatpacker OU Tallinna Lihatoostus have concluded a letter of intent for establishing a joint undertaking to set up a joint offshore fish farm, reports LETA/BNS.

10.12.2018

Christmas market in Tallinn elected best in Europe

Over the course of the last 10 days, more than 200,000 passengers voted to determine the nicest Christmas market in Europe and the Christmas market on Tallinn's Town Hall Square was overwhelmingly voted as the best, reported LETA/BNS.

10.12.2018

In October, trade was at a record level in Estonia

According to Statistics Estonia, in October 2018, the exports of goods increased by 17% and imports by 20% compared to October 2017. For the first time, exports exceeded 1.3 bln euros and imports 1.5 bln euros. The growth in trade was affected the most by an increase in trade in mineral products (solvent, fuel additives, motor spirit, shale oil).

10.12.2018

Turnover of Latvian State Forests up 16.5% in first nine months

Turnover of Latvijas Valsts Mezi (LVM) state forest manager in the first nine months of this year was EUR 241.273 mln, up 16.5 % from the respective period last year, while the company’s profit increased by 70.2% to EUR 84.630 mln, according to the company’s report writes LETA.

10.12.2018

Poland's Itaka to fly tourists from Lithuania's Kaunas

Polish tour operator Itaka, which entered the Lithuanian market earlier this year, is expanding its operations and will offer trips from Lithuania's second-largest city of Kaunas from the upcoming spring as well, informed LETA/BNS.

10.12.2018

Omniva installed 200 new parcel machines in Baltics in 2018

Within the next few days, the Estonian postal service and logistics company Omniva is about to complete the installation of the last of the 200 new parcel terminals it is planning to install in the Baltic countries this year, informed LETA/BNS.

07.12.2018

Classical conductor Andris Nelsons gets two Grammy nominations

For a third consecutive year, Latvian classical conductor Andris Nelsons is among artists nominated for Grammy Awards, the list of 2019 Grammy nominations shows, informed LETA/BNS.

07.12.2018

First time registration of passenger cars in Latvia up 0.2% in 11 months

The first-time registration of passenger cars picked up 0.2% y-o-y in the first 11 months of this year, as 62,650 cars were registered for the first time in Latvia during that period, according to the information from the Latvian Road Traffic Safety Directorate (CSDD) reports LETA.

07.12.2018

Latvia's BAN non-life insurer reports EUR 57,200 in nine-month profit

Latvian non-life insurer Baltijas Apdrosinasanas Nams (BAN) made EUR 57,212 in profit in the first nine months of this year in contrast to loss in the respective period last year, according to information released by the company writes LETA.

07.12.2018

Estonia's Autolevi raises EUR 225,000 on Funderbeam to expand business in Finland

The Estonian peer-to-peer car rental service Autolevi has raised 225,000 euros via the crowdfunding platform Funderbeam, which it is about to use to expand operations in Finland, informed LETA/BNS.

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