International Internet Magazine. Baltic States news & analytics
Sunday, 30.08.2015, 02:31
Statistics Lithuania informs that, based on provisional data, in July 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 816.7 million; against June 2015, it increased by 5.9% at constant prices (seasonally and working day adjusted – remained unchanged).
Keyword tags: Analytics, Good for Business, Lithuania, Markets and Companies, Retail
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 21.22 million in profit in the first half of the year 2015, reports LETA, according to the company's financial report submitted to the Nasdaq Riga Stock Exchange, cites LETA.
During a special press conference on August 27th, Riga Mayor Nils Usakovs (Harmony) said that approximately 60,000 to 70,000 foreign guests are expected to arrive in Riga for this year's European Men's Basketball Championships (EuroBasket 2015), reports LETA.
The value of Latvian wooden furniture exports in the first half of the year 2015 increased by 3% from the same period in 2014 to a total of EUR 61.16 million, which is 5.9% of the total forest industry exports in the fist six months, informs LETA, according to a report presented by the Agriculture Ministry's Department of Forests.
On 27 August, a train from Poland will arrive in Kaunas on the new Rail Baltica track with Catherine Trautmann, the European Coordinator for the North Sea-Baltic core network corridor, of which Rail Baltica railway line is a part, aboard. A train from Poland with passengers aboard last arrived in Lithuania in August 1939, reports LETA/ELTA the Ministry of Transport and Communications.
On August 28, 2015, Eesti Telekom will launch Vunk Garage48, an incubator for start-up companies, writes Äripäev.ee/LETA.
During the first half of 2015, the Latvian forest industry's exports increased by 5.2%, reaching EUR 1.03 billion, compared to EUR 988 million in the same period in 2014, reports LETA, according to data provided by the Forest Department of the Ministry of Agriculture.
Starman managed to increase their sales revenue as well as profitability in H1 of 2015 in Estonia, writes LETA/Delfi.
The Tallinn Zoo celebrated their 76th anniversary on August 25th, and it is already clear that this year will be a record year in terms of visitors, writes LETA/National Broadcasting.
Starting from 26 October 2015, Estonian Air will serve the Örebro-Copenhagen route. The flights will be operated twice a day on workdays and once a day on Sundays with CRJ700 aircraft. The service agreement is valid until 25 October 2018, reports BC airline’s press service.
The new European Commission's investment package will bring 129.6 million euros to the Estonian marine, fishing and agricultural industry, writes LETA/Postimees Online.
The Latvian airline airBaltic will launch a new route between Tallinn and Stockholm, Bromma airport on March 27, 2016. The new route will offer convenient travel between the two cities and support business communities in both Estonia and Sweden, reported BC vice president of corporate communications at airBaltic Janis Vanags.
15 years ago, the domestic beverage producer Latvijas balzams started making what was, at the time, the first hard cider in Latvia, Lucky Dog, based on apple juice concentrate and a recipe developed by Latvian food technologists. Today, hard cider with the Lucky Dog brand is available in five flavors and is the second most popular hard cider in Latvia and the 12th most popular alcoholic beverage.*
In June, as well as in July 2015, the national carrier Estonian Air earned a profit of an average of 200,000 euros, writes LETA/National Broadcasting.
Statistics Lithuania has reported based on preliminary data that in the second quarter of 2015 investments in tangible fixed assets in Lithuania amounted to EUR 1.4 billion and, compared with the second quarter of 2014, increased by 10%, informs LETA/ELTA.