International Internet Magazine. Baltic States news & analytics
Saturday, 30.04.2016, 02:37
Calendar adjusted data (at constant prices) compiled by the Data of Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 total retail trade turnover rose by 0.3%. Retail trade in food products grew by 1.0%, whereas retail trade in non-food products – by 0.2%.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
Estonia's Minister of Culture Indrek Saar and Tong Gang, deputy minister of China's State Administration of Press, Publication, Radio, Film and Television, signed an agreement on cinematographic cooperation between the two countries in Beijing on Friday that will simplify the co-production of films and cooperation between film professionals of the two countries, informs LETA/BNS.
According to Statistics Estonia, in March 2016 compared to March 2015, the turnover of retail trade enterprises increased 3% at constant prices. While in January, the turnover increased 8% compared to the same month of the previous year and in February the growth decelerated to 5%, then in March the turnover growth decelerated even more.
Studio Libeskind has won an international competition organized by Lords LB Asset Management to design a new 40-million-euro commercial complex in Konstitucijos Avenue, on the right bank of the Neris River in Vilnius, the investment management company said on April 29th, cites LETA/BNS.
A new name of skilandis, a smoked meat product, has been included in the European Union's Register of Traditional Specialties – it will be called the Lithuanian Skilandis from now on, informs LETA/BNS.
Maxima Grupe (Maxima Group), the operator of the largest retail chain in the Baltic countries, is strengthening its position in Bulgaria – it intends to take over 12 stores of the German-capital retail chain Penny that is leaving the market, informs LETA/BNS.
EUR 11.48 million from the EU Cohesion Fund have been earmarked for Riga International Airport in the programming period 2014-2020 in order to reduce the airport’s impact on the environment, improve security and increase the energy efficiency of the airport’s infrastructure, informs LETA.
Saeima in Latvia on April 28th supported in the second reading the bill drafted by the Ministry for Environment and Regional Development about the creation of the Latgale Special Economic Zone (SEZ) in eastern Latvia which could comprise 17 regions and Daugavpils, the second largest city in Latvia, informs LETA.
More than 10,000 applications for the digital ID of an e-resident have been filed with the Estonian Police and Border Guard Board since December 1, 2014 and applications have been submitted by citizens of 127 countries, informs LETA/BNS.
Sales revenue of the listed Estonian electrical equipment producer Harju Elekter in the first quarter totaled 11.8 million euros, which marks an increase of 7.4% against the same period last year, and the net profit was 311,000 euros, reports LETA/BNS.
For the first time, Latvian agency enters European Fintech Awards as TOP3 Innovative Banking company
In 2016, 413 European companies were nominated for European Fintech Awards TOP100 that was held April 14 at the ABN AMRO Head Office in Amsterdam. For the first time company from Latvia – UX Design Agency entered TOP3 in category of Innovative Banking Software, and was exclusively selected to present their approach at Fintech Awards 2016, informed BC the Latvia Institute.
Germany's DB Cargo, Europe's largest rail freight company, and Lietuvos Gelezinkeliai (Lithuanian Railways) have signed a freight forwarding agreement, informs LETA/BNS.
The Estonian government plans to pay to farmers 4.6 million euros in extraordinary support in 2017, as well as conduct at the end of this year a review of the state's financial situation and examine possibilities for further aid, reports LETA/BNS.
Sales revenue of the Estonian fuel seller Alexela Oil in the first quarter of 2016 was 1% bigger than the year before, totaling 25 million euros, and the company's profit was 1 million euros, informs LETA/BNS.
The Latvian airline airBaltic has achieved exceptional performance and was recognised as a leading operator of Q400NextGen aircraft by Bombardier, informed BC Janis Vanags.