International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 12:57
Despite the challenging market conditions in the first quarter 2014, with a low refining margin and shrinking Brent/Ural differential, Polish PKN ORLEN's operating metrics remained close to those from January-March 2013. The ORLEN Group's retail sales came in at a record high, and the petrochemical segment made a significant contribution to PKN ORLEN's performance in the downstream, reports LETA.
Keyword tags: Energy, EU – Baltic States, Good for Business, Lithuania, Oil, Transport
Estonian state-owned Tallinn Airport increased its profit by 36% to 5 million euros in 2013, LETA/Public Broadcasting reports.
Cargo turnover at Latvian ports grew by 9.4% while the volume of cargo transported by rail increased by 7.6% in the first quarter of 2014, informed BC the Latvian Institute.
In the beginning of 2013, the mood among German companies operating in the Baltic States once again is very optimistic, thus carrying forward the trend of the past three years. The favourable economic conditions in the Baltic States and the positive prospects for the future also determine the expectations towards further developments of their turnovers and export activities and therefore let them expect a successful business year 2014, says the Business survey 2014 of the German-Baltic Chamber of Commerce (AHK).
During the first quarter of 2014, in comparison with an analogous time period last year, the total number of all real estate transactions in Latvia, has grown 3.1%, the summary of Land Register data analysis, provided by Latio, shows, cites LETA/Nozare.lv.
Purchasing Managers' Index (PMI) of production and services in the private sector of Eurozone in April 2014, has suddenly reached 54 points, in comparison with 53.1 points in March, the latest data, provided by company Markit, shows, reports RTTNEWS/LETA.
Vilnius Airport at the summer season 2014 offers regular flights to Vilnius from 42 cities of Europe, from 52 airports in 26 countries, the Airport said in a statement, cites LETA.
The women's spring-summer collection of renowned Estonian fashion designer Lilli Jahilo, which was recently showcased in Tallinn, focuses on handmade dresses inspired by a Nordic summer, Tallinn Tourism Board said in a statement, cites LETA.
Last year, turnover and profit grew for Moller Baltic Import ("Volkswagen" and "Audi" dealer), as Firmas.lv Ltd. Reports, cites LETA/Nozare.lv.
In comparison with 2012, Information and Communications Technology (ICT) services export from Latvia grew by one-fifth in 2013, Signe Balina, president of Latvian Information and Communications Technology Association, informed LETA.
The airline Air Lituanica increases the number of flights on its routes on summer season schedule. Air Lituanica aircrafts will take off from Vilnius Airport 43 times a week, informed BC communications manager at Air Lituanica Sandra Meskauskaite.
The Lithuanian film centre announced the final list of projects that received national funding for 2014. A total of EUR 2 million was distributed among 40 projects, informs LETA/ELTA.
Vilniaus Baldai, one of the largest Lithuanian furniture manufacturing companies, during a period 2014 January – March operated with a turnover in amount of 52,914 thousand litas (15,325 thousand euros), writes LETA.
KB Components, with its operations in Kaunas is part of a Swedish group of companies and manufactures plastic engine components for Volvo trucks, protective casing and engine parts for the gardening equipment giant Husqvarna, and radiator components for the supplier of truck parts TitanX, informs LETA/ELTA, referring to Invest Lithuania.
Joint-stock Valmieras stikla skiedra (Valmiera Fiberglass, VSS) is planning to broaden the Valmiera Glass Group by establishing a new subsidiary called Valmiera Glass USA Corp in the United States, according to the company's announcement at the Riga Stock Exchange, cites LETA/Nozare.lv.