Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 27.05.2020, 06:03

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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



The ministry plans to fuel Latvia's economics with EUR 2.2 bln

The ministry plans to fuel Latvia's economics with EUR 2.2 bln

26.05.2020

A strategy worked out by the Economics Ministry for dealing with the aftermath of the Covid-19 crisis proposes providing EUR 2.2 billion worth of public and private investments to various infrastructure projects a year until 2023.

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.


Lithuanian watchdog seizes documents from Vilnius municipality regarding lung ventilators

Lithuanian watchdog seizes documents from Vilnius municipality regarding lung ventilators

26.05.2020

Lithuania's Financial Crime Investigation Service has on Tuesday seized documents from Vilnius City Municipality over the procurement of lung ventilators, and has also carried out searches at a company Andrikus, reports LETA/BNS.

Workers' median expectation for remuneration in Estonia down to EUR 1,300

Workers' median expectation for remuneration in Estonia down to EUR 1,300

26.05.2020

It appears from a survey carried out by the Salary Information Agency and Estonian job portal CVKeskus.ee that workers' median expectation for remuneration upon changing jobs has dropped on year from 1,500 euros to 1,300 euros, informs LETA/BNS.


26.05.2020

Turnover of Latvia's Diana Sveces drops 11% in 2019

Latvia's Diana Sveces candle maker closed 2019 with EUR 10.48 million in annual turnover, down 11% from a year before, while its profit contracted 37.5% to EUR 336,903, writes LETA, according to the company's report available at Firmas.lv.

26.05.2020

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

The Nordic and Baltic economies will be hard hit by the Covid-19-induced shock due to their small size and relative openness. Strong economic fundamentals and a timely reaction to the health crisis ensure that the countries are in an advantageous position to take on the challenge. The crisis gives a chance to push for bolder and greener policies, as well as advance reforms aimed at streamlining the growing public sector and further tailoring the economy and human capital to the digital post-corona world.

26.05.2020

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

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.

26.05.2020

Estonia: Investors register indication of interest for EUR 642,000 in Chaga crowdfunding

Investors have registered indication of interest to the amount of 642,000 euros in a financing campaign on Funderbeam for the company Chaga OU, a maker of natural food supplement products under the Chaga Health brand since 2014, writes LETA/BNS.

26.05.2020

Swedbank chief economist: Crisis to give impetus for digitalization

The need for distancing arising from the crisis is expected to give an additional impetus for digitalization, development of technology and e-commerce, Swedbank chief economist Tonu Mertsina said cites LETA/BNS.

26.05.2020

The changing map of nearshoring: what is the equation for a successful operation post Covid-19?

Could the crisis result in new nearshoring opportunities for Lithuania? As global businesses rethink the way they manage critical business processes, increasing priority is being given to locations that offer flexibility, resilience and robust ICT infrastructure. Laisvis Makulis, Vice-President at Invest Lithuania, examines the factors that make Lithuania an increasingly attractive choice in the post-crisis GBS landscape. Read it below.

25.05.2020

In April, the level of producer prices in Latvian industry remained the same

Data of the Central Statistical Bureau (CSB) show that, compared to March, in April 2020 the level of producer prices in Latvian industry remained the same for the second month in a row. Prices of products sold on the domestic market fell by 0.3%, but prices of exported products grew by 0.2%.

25.05.2020

HansaMatrix not to pay dividends from 2019 year's profit

HansaMatrix high-tech company has decided not to pay dividends from last year's profit, the company said in a statement to the Nasdaq Riga stock exchange on the decision made by its shareholders on May 22.

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

Tourism connections can be resumed when epidemiological situation is favorable - Linkaits

Tourism connections can be resumed as soon as the epidemiological situation and the EU policy allow it, said Latvian Transport Minister Talis Linkaits (New Conservative Party) in a videoconference with Natela Turnava, the Georgian Minister of Economy and Sustainable Development, informed LETA.

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