Good for Business

International Internet Magazine. Baltic States news & analytics Tuesday, 14.08.2018, 11:30

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Rail Baltica will essentially affect the construction market - experts

Rail Baltica will essentially affect the construction market - experts

14.08.2018

As a gigantic infrastructure project, Rail Baltica will essentially affect the Baltic construction market. It will attract major international contractors to the region, because of labour force shortage may bring back migrated workers from other countries and material recycling should be explored to save natural resources, the speakers in the Opinion Festival’s Baltic construction panel said. In the same, Tallinn – Helsinki tunnel would be a natural prolongation of Rail Baltica.

Keyword tags: Baltic, Construction, Estonia, Forum, Good for Business, Latvia, Railways



Israel's Nayax opens its branch in Lithuania

Israel's Nayax opens its branch in Lithuania

13.08.2018

Izrael's Nayax, a global leader of cashless payment solutions and management platform for unattended retail, has been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania. With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone.

Estonia hoping to get online doctor appointment system working in 2019

Estonia hoping to get online doctor appointment system working in 2019

13.08.2018

After failure to get the initial version of the nationwide online doctor appointment system working properly, the Estonian Health Insurance Fund hopes to have the new system functional next year and is planning to adopt a method with sticks and carrots to overcome the defiance of hospitals, informs LETA/BNS/Postimees.


Fitch revises Lithuania's rating outlook from stable to positive

Fitch revises Lithuania's rating outlook from stable to positive

13.08.2018

Fitch Ratings has revised the outlook on Lithuania's long-term foreign-currency credit rating from stable to positive, informs LETA/BNS referring to the Finance Ministry of Lithuania.

Nortal asking Estonia to sign agreement on avoidance of double taxation with Botswana

Nortal asking Estonia to sign agreement on avoidance of double taxation with Botswana

13.08.2018

Estonian software and business consulting firm Nortal has turned to deputy secretary generals of the Foreign Ministry and the Finance Ministry with a wish of Estonia entering into an agreement on the avoidance of double taxation with Botswana, informs LETA/BNS.


13.08.2018

Lithuania's Auga Group enters Canadian market

Auga Group, one of the largest agricultural investment companies in the Baltic states, is entering the Canadian market, informs LETA/BNS.

13.08.2018

H1 profit of Silvano grows by nearly half on year

Profit of the listed Estonian lingerie seller Silvano Fashion Group increased by nearly a half in the first six months of 2018 and the company's revenue also grew, informs LETA/BNS.

10.08.2018

Tallinn Tech and Silberauto present self-driving car

Tallinn University of Technology and the Estonian car selling and maintenance company Silberauto presented Iseauto, the first self-driving car made in Estonia, at the Opinion Festival in the central Estonian town of Paide on Friday, reportes LETA/BNS.

10.08.2018

Lietuvos Energija buying three wind farms from Stemma Group

Lithuania's state-run energy holding Lietuvos Energija (Lithuanian Energy) wants to buy 100-percent stakes in companies Vejo Vatas and Vejo Gusis, from Lithuania's Stemma Group, a company controlled by the family of Martinas Gusiatinas, a former shareholder of Klaipedos Smelte, one of the largest cargo handling companies at the port of Klaipeda, Lietuvos Energija has announced LETA/BNS.

10.08.2018

Procurement announced for Phase 1 of Latvian railway electrification project

Within project “Electrification of the Latvian Railway Network”, a negotiated procedure has been announced on 10 August with a published participation invitation “Electrification of the Latvian Railway Network: Construction”, which is Phase 1 of the procurement for the electrification program planned until 2030, Latvijas dzelzcels representative informed BC.

10.08.2018

Lido consolidated turnover increases 12.8% in 2017

Catering company Lido posted EUR 50.933 mln in turnover last year, a 12.8 % increase on 2016, and EUR 1.07 mln in profit - as compared to losses the company incurred in 2016, according to Firmas.lv data informed LETA.

10.08.2018

Number of passengers carried by airBaltic might grow by more than 20% in 2018

Latvia’s national carrier airBaltic this year might carry by 20 percent more passengers than last year, said airBaltic CEO Martin Gauss in an interview with LETA.

09.08.2018

Depo DIY retailer raises turnover 7.7% in 2017

Latvia’s do-it-yourself retail chain Depo DIY (Depo) turned over EUR 219.105 mln in 2017, up 7.7% from a year before, while the company’s profit dropped 2.3% y-o-y to EUR 11.931 mln, according to information available at Firmas.lv, writes LETA.

09.08.2018

June, foreign trade turnover in goods in Latvia was 9.1% higher than in 2017 i

Provisional data of the Central Statistical Bureau (CSB) show that in June 2018 foreign trade turnover of Latvia amounted to EUR 2.37 bln, which at current prices was 9.1% more than in June 2017, of which the exports value of goods rose by 10.7% and imports value of goods by 7.9%.

09.08.2018

Passenger turnover at Riga Port up 6.2% in first seven months

n the first seven months of this year, Riga Port services a total of 514,360 passengers, which was 6.2% more when compared to the same period last year, the port informed.

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