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Thursday, 02.04.2015, 06:07
Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its consolidated sales revenue for March 2015 totalled 4.072 million euros, increasing by 3% as compared to the continued operations revenue in the same period last year, informs LETA.
Keyword tags: Baltic, Good for Business, Markets and Companies, Textile
Valmiera Glass Group posted EUR 108.44 million in audited consolidated turnover in 2014 – the highest annual sales since the company was established, according to the company's consolidated financial statement submitted to "Nasdaq Riga" stock exchange, cites LETA.
The arrival of the Swiss airline Swiss International Air Lines at the Riga Airport marks the completion of lengthy negotiations – Latvia had several times tried to bring the airline to Riga, and now the airport hopes that the airline's flights to and from Riga will be a success, as Transport Ministry's Aviation Department Director Arnis Muiznieks told a press conference on March 31, reports LETA.
According to Statistics Estonia, in February 2015, the production of industrial enterprises increased by 5% compared to February of the previous year. Production increased in manufacturing and energy production, but decreased in mining.
According to Statistics Estonia, in February 2015 compared to February of the previous year, the retail sales of goods of retail trade enterprises increased 8% at constant prices. In January the retail sales increased 5% compared to the same month of the previous year, while in February the growth in retail sales accelerated.
International Airport Riga is planning on a 5% increase in passenger turnover this year, which would allow the airport to once again see passenger turnovers exceed five million, the airport's chairman Andris Liepins told LETA.
Taking demand into account, Scandinavian Airlines (SAS) has made a strategic decision to resume direct flights between Riga and Stockholm as of the summer 2015, SAS spokeswoman Ruta Juciene told LETA.
The Baltic traders' alliance Aibe consolidated turnover in Latvia and Lithuania reached EUR 409 million in 2014, which is 18% more compared with 2013, CEO of Latvian traders' co-op Aibe Uldis Priekulis informed LETA.
Central Statistical Bureau in Latvia show that compared to January, the total retail trade turnover in February 2015 rose by 1.2%, according to seasonally adjusted data at constant prices.
The market consultation phase of the Marvele cargo port public private partnership (PPP) has been launched last week. The Lithuanian Ministry of Transport and Communications, the contracting authority for the project, has prepared draft tender documents and is now inviting parties to express their interest and provide feedback until May 8, 2015, reports BC Dainius Normantas from project management department at Invest Lithuania.
Statistics Lithuania informs that, based on provisional data, in February 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 601.4 million; against January, it decreased by 4.3% at constant prices (seasonally and working day adjusted – grew by 1%).
Tallinna Kaubamaja (Tallinn Department Store) general meeting of shareholders approved dividends of 40 cents per share in 2015, or 25 cents more than last year, LETA/Delfi Ärileht reports.
Software created by the Estonian Ministry of Internal Affairs Information Technology and Development Centre (SMIT) enables scanning documents of train passengers directly to a data information system starting March 2015 on the Tallinn-St Petersburg-Tallinn train route, which means that the handwritten lists that were used for border control for 20 years are finally replaced with a digital system, LETA/Public Broadcasting reports.
The new Latvian National Library building has been named the best public facility in Latvia in 2014 by the Latvian Builders Association, as the association's representative Aija Zule told LETA.
Riga High Tech University collaborates with GSVlabs to accelerate Latvian startups in Silicon Valley
Silicon Valley-based accelerator GSVlabs and Riga High Tech University (RHTU) (Riga, Latvia) announce today a partnership to accelerate Latvian tech startups in Silicon Valley.