Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 27.05.2020, 06:31

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Very small enterprises get EUR 53 mln in state assistance in Lithuania

Very small enterprises get EUR 53 mln in state assistance in Lithuania

26.05.2020

Very small Lithuanian enterprises with up to nine employees have been paid out over 53 million euros in state assistance, half of the planned amount, the country's Economy and Innovation Ministry says, cites LETA/BNS.

Keyword tags: Covid-19, Financial Services, Good for Business, Investments, Lithuania, Markets and Companies



Printful from Latvia to invest EUR 1.8 mln in Canada workshop

Printful from Latvia to invest EUR 1.8 mln in Canada workshop

26.05.2020

Latvia's Printful print-on-demand company will invest EUR 1.8 million in a new Canada-based printing operation, the company's representatives told LETA.

Bolt raises EUR 100 mln from Naya Capital Management

Bolt raises EUR 100 mln from Naya Capital Management

26.05.2020

Transport company Bolt has raised 100 million euros from London-based global investment manager Naya Capital Management to continue expanding its service in Europe and Africa, reports LETA/BNS.


McDonald's in Baltics, Greece, Malta and Romania posted EUR 28 mln in profit in 2019

McDonald's in Baltics, Greece, Malta and Romania posted EUR 28 mln in profit in 2019

26.05.2020

Premier Capital, the developmental licencee for McDonald's in the Baltic countries, Greece, Malta and Romania, achieved EUR 341 million in turnover last year, which is 16.2% more than in 2019, as LETA learned from the company.

Shareholders of Lithuania’s Litgrid approve contract with Poland’s PSE over Harmony Link

Shareholders of Lithuania’s Litgrid approve contract with Poland’s PSE over Harmony Link

26.05.2020

The shareholders of Litgrid, Lithuania’s power transmission system operator, on Monday approved an agreement with Poland’s operator PSE setting out the terms and conditions for the implementation of Harmony Link, an approximately 680 mln euros worth project on the construction of a submarine cable between Lithuania and Poland, informed LETA/BNS.


26.05.2020

Wizz Air to resume flights from Vilnius to Oslo on Wed

Hungary’s budget carrier Wizz Air will on Wednesday resume regular flights between Vilnius and Oslo, reported LETA/BNS.

26.05.2020

Ecolines to resume trips to Tallinn and Vilnius on Friday

International coach operator Ecolines will resume trips from Riga to Vilnius and Tallinn on Friday, May 29, the company's representatives informed LETA.

25.05.2020

Estonia: Wendre Grupp completes acquisition of German co Geska Bettwarenfabrik

Wendre Group, an Europe-leading manufacturer of bedding products, has acquired Geska Bettwarenfabrik, a German professional textile products company more than 90 years old, reported LETA/BNS.

25.05.2020

Prime.Bike, Bolt to launch electric scooter rental service in central Tallinn

Prime.Bike OU started providing the electric scooter rental service in central Tallinn on Monday and the same will be done by Bolt Operations OU within the next few days, municipal authorities said on Monday.

25.05.2020

airBaltic Bookings Grow Nearly 500% over Last Two Weeks

Compared to the first full week of May, last week the number of new bookings made on airBaltic flights increased by nearly 500%. In total, last week passengers made more than 13 000 new reservations, informed airBaltic`s representative.

25.05.2020

Ecolines to resume trips to Tallinn and Vilnius on Friday

International coach operator Ecolines will resume trips from Riga to Vilnius and Tallinn on Friday, May 29, the company's representatives informed LETA.

25.05.2020

Electric power generation in Latvia up 1.4% in four months

In the first four months of 2020, Latvia generated 2,298 gigawatt-hours (GWh) of electric power, up 1.4 percent from the respective period a year ago, Augstsprieguma Tikls (AST) transmission system operator reported LETA.

25.05.2020

2nd US LNG cargo arrives in Klaipeda in May

A new large shipment of liquefied natural gas (LNG) from the United States – the second one in May 2020 and the third one in the current gas year –arrived in the Lithuanian seaport of Klaipeda on May 23rd, informs LETA/BNS.

25.05.2020

Poland reenables passenger transit

Poland has re-opened its borders to allow passenger transit for people travelling to their countries of residence, LETA found out from the Foreign Ministry.

25.05.2020

airBaltic to resume flights between Tallinn, Vilnius

Latvian carrier airBaltic is to resume flights between Tallinn and Vilnius from Monday, May 25.

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