Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 12.02.2016, 03:20

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SMEs as a driving force for national economy

SMEs as a driving force for national economy

11.02.2016

Small and medium-sized enterprises that are largely young, innovative, internationally-active and run by skilled managers are driving significant job growth across the European Union. EU agency, Eurofound highlights that SMEs were responsible for over 70% of employment growth in the non-financial business economy in 2014. Besides, there is an urgent need for further SMEs support if a rigorous recovery would be realised.

Keyword tags: Analytics, EU – Baltic States, Financial Services, Good for Business, Markets and Companies



airBaltic to fly Riga – Rimini

airBaltic to fly Riga – Rimini

11.02.2016

The Latvian airline airBaltic will launch a new summer charter flight between Riga and Rimini on June 5, 2016 for Tez Tour, informed BC Janis Vanags.

Nordic Aviation to operate seasonal flights Tallinn-Odessa

Nordic Aviation to operate seasonal flights Tallinn-Odessa

11.02.2016

The Estonian state owned airline Nordic Aviation will open a seasonal route from Tallinn to Odessa, Ukraine in collaboration with Adria Airways in addition to the services of the summer season announced earlier, reports LETA/BNS.


Maxima in Lithuania rolling out mobile payment technology

Maxima in Lithuania rolling out mobile payment technology

11.02.2016

Some of the cash registers installed by Lithuania’s largest supermarket chain Maxima support contactless payments already but the technology will not be put into use thus far, the Verslo Zinios business daily reports on February 11th, informs LETA/BNS.

Revenue of Tallinna Kaubamaja grew by 3.8% to in 2015

Revenue of Tallinna Kaubamaja grew by 3.8% to in 2015

11.02.2016

In 2015, the consolidated revenue of the listed Estonian retailer Tallinna Kaubamaja Grupp increased by 3.8% on year to 555.4 million euros, reports LETA/BNS.

11.02.2016

Number of Tallinn Port passengers up 5.5% in January

Altogether 547,164 passengers passed through the ports of Estonia's state-owned Port of Tallinn in January 2016, which is 5.5% more than in January 2015 and also the company's best result of all time for January, informs LETA/BNS.

11.02.2016

Albright Lithuania approaching peak production level

Albright Lietuva, the UK-owned manufacturer of switches and contactors located in the free economic zone (FEZ) of Klaipeda, plans to reach the peak production level in 2016 and will then consider options for expansion, look for new premises or start working in several shifts, the Verslo Zinios business daily reports on February 11th, cites LETA/BNS.

11.02.2016

Freeport of Riga serves 5.4% more passengers in January

The Freeport of Riga served 33,400 passengers in January 2016, which is a 5.4% rise from January 2015, informs LETA.

10.02.2016

In 2015, the number of tourists in Estonian hotels increased by 1%

According to Statistics Estonia, in 2015, more than 3 million domestic and foreign tourists stayed in accommodation establishments, which is 1% more than in 2014. The number of domestic tourists increased and the number of foreign tourists decreased.

10.02.2016

Cargo turnover at Liepaja port in January rose by 8.6% y-o-y

There were 477,820 tons of cargo reloaded at the Liepaja port in south-western Latvia in January this year, which is a growth by 8.6% from January 2015 and also by 2.2% more than the monthly average in 2015, said Liga Ratniece-Kadege, a representative of the Liepaja Special Economic Zone (SEZ), cites LETA.

10.02.2016

Ryanair celebrated 5 years at Tallinn Airport

Ryanair, Europe’s favourite airline, on 9th February celebrated its 5 year milestone at Tallinn Airport since it commenced operations in 2010. This summer Ryanair will offer customers in Tallinn a choice of 7 routes including Dublin, London Stansted, Barcelona Girona–Costa Brava, Milan Bergamo, Oslo Rygge, Bremen and Dusseldorf Weeze, informed BC Arune Jaraite from Ryanair’s marketing department.

10.02.2016

Earnings of HKScan's Baltic unit increased to 173.6 mln euros in 2015

Net sales of the Baltic unit of the listed Nordic meat group HKScan, owner of the Rakvere Lihakombinaat meatpacking company in Estonia, grew nearly half a percent year-on-year in 2015 to 173.6 million euros and the unit's operating profit increased 48% to 5.4 million euros, the company told the stock exchange, cites LETA/BNS.

10.02.2016

Lithuania's seed market grows to EUR 73.6 mln in 2015

Lithuania's seed market in 2015 grew by 2.6% to reach 73.6 million euros, the business daily Verslo Zinios reported on Wednesday, cites LETA/BNS.

10.02.2016

Infogr.am co-funder Leiterts develops new start-up

Uldis Leiterts, a co-founder of the company that has developed Infogr.am data visualization tool, is working on a new start-up, Fragmentic, which will make creation of applications a partly automatic process, informs LETA/BNS.

10.02.2016

Historic ensemble of University of Tartu gets European Heritage Label

The historic ensemble of the University of Tartu has been given the European Heritage Label, the public broadcaster ERR said on February 9th, cites LETA/BNS.

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