International Internet Magazine. Baltic States news & analytics
Thursday, 28.08.2014, 10:05
The number of people embarking on country holidays in Latvia has grown again in 2014, and (despite grim predictions), developments in Ukraine did not bring down the number of vacationers from Russia, reports LETA/Nozare.lv.
Keyword tags: Baltic States – CIS, EU – Baltic States, Good for Business, Latvia, Tourism
Statistics Lithuania informs that, based on provisional data, in July 2014, the turnover (VAT excluded) of retail trade enterprises* amounted to LTL 2697.3 million; against June, it increased by 7.5% at constant prices (seasonally adjusted – by 0.6%).
In January-July 2014, the overall cargo handling in the Baltic Eastern Coast Seaports totalled 122 216 490.8 thou. tn; the year-on-year change is +4,3% or +8 917,1 thou. tn, reports BC Klaipeda port’s press service.
Latvian airline airBaltic has achieved a net profit of EUR +14 million for the first half of 2014. airBaltic has turned around the Jan-Jun 2013 loss of EUR -12 million, converting it into a net profit of EUR +14 million for the same period in 2014, despite new challenges in the eastern markets, informed BC Janis Vanags.
Norway's Orkla – the new owner of NP Foods and its companies Laima, Gutta, Staburadze, Staburadzes konditoreja and Margiris, plans to increase turnover by 6% annually, as well as expand export volumes to Western Europe and Asia, focusing on Laima as the leading brand, informs LETA.
Latvian SiteSupra has launched a hosted CMS and website builder, with the aim of helping small businesses to create professional-looking and powerful websites that look as if they have been tailor-made by a top developer, reports marketing and customer communications manager at SiteSupra Liene Birze.
Despite the changeable weather this year, this season's grain harvest could reach 1.916 million tons, which is 11% more than the average harvest for the past five years, the Agriculture Ministry's spokeswoman Rigonda Krievina informed the business portal Nozare.lv, reports LETA.
The Norway-registered Orkla, now the owner of NP Foods and its Laima, Gutta, Staburadze, Staburadzes konditoreja and Margiris, is planning to invest EUR 2 million in the Group's subsidiaries, as the head of Laima Rolands Gulbis informed the business portal Nozare.lv, cites LETA.
"Science and talented scientists will help Estonia punch above its weight more than one would presume by the size of our population," said the President, Toomas Hendrik Ilves, yesterday at the opening of the new physics building – or Physicum – at the University of Tartu, reports BC presidential press service.
Merko Ehitus’ Lithuanian subsidiary concluded a contract of 2.2 million euros for building a sports hall in Vilnius, writes Äripäev.ee/LETA.
Estonian airline Avies announced on Monday that on August 15 it had launched the regular flight route between Tallinn and Stockholm, writes LETA/Postimees Online.
In 2011, one micro-enterprise turned over EUR 8,529 on the average, while in 2013, the figure reached EUR 12,389, which is 45.26% more than two years before, reports LETA/Nozare.lv, according to a study conducted by Lursoft.
Based on preliminary data provided by Statistics Lithuania, in the second quarter of 2014, investment in tangible fixed assets in Lithuania amounted to LTL 4.3 billion (EUR 1.2 billion), i.e. by 5% more at constant prices than in the second quarter of 2013, writes LETA/ELTA.
At the beginning of July 2014, the United States Food and Drug Administration authorized the use of a new anti-cancer drug in medicine, the active ingredient of which was invented and synthesized in Latvia, the head of the Latvian Institute of Organic Synthesis, Ivars Kalvins informed LETA.
In 2013, Ventbunkers turned over EUR 69.5 million, which is 17% more than in 2012, while the company's net profit in 2013 was EUR 19.2 million, as compared to EUR 128,000 in 2012, Ventbunkers informed the business portal Nozare.lv, cites LETA.