Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 26.09.2017, 15:59

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Latvian officials visit Pskov for talks on East-West Transport Corridor

Latvian officials visit Pskov for talks on East-West Transport Corridor

26.09.2017

Officials of the Latvian Transport Ministry are visiting the western Russian city of Pskov this week to discuss cooperation in the development of the East-West Transport Corridor and border crossing points, LETA was told at the ministry.

Keyword tags: Baltic States – CIS, Latvia, Markets and Companies, Russia, Transport



Stock exchange starts procedure for listing Madara Cosmetics shares on alternative market

Stock exchange starts procedure for listing Madara Cosmetics shares on alternative market

26.09.2017

Nasdaq Riga stock exchange has started a procedure for listing the shares of Madara Cosmetics on the alternative equity market First North, the bourse said in a statement today, cites LETA.

Altum and EIF to unlock EUR 15 mln to Latvian businesses under the new program

Altum and EIF to unlock EUR 15 mln to Latvian businesses under the new program

26.09.2017

Development Finance Institution Altum (Altum) has signed a long-term cooperation agreement with the European Investment Fund (EIF) that will provide EUR 15 million worth of loan guarantees to Latvia’s entrepreneurs under Cosme program, Altum spokeswoman Sandra Eglite told LETA.


Government committee in Latvia endorses healthcare funding bill

Government committee in Latvia endorses healthcare funding bill

26.09.2017

The Cabinet of Ministers committee in Latvia on September 25th endorsed draft legislation that would provide a new regulation for the funding of the health sector, informs LETA.

LTk Capital posts EUR 1.5 mln in loss on revenue of EUR 29 mln in 2016

LTk Capital posts EUR 1.5 mln in loss on revenue of EUR 29 mln in 2016

26.09.2017

LTk Capital, a holding company operating the Cili restaurant chain, price comparison platform PriceOn and other companies, posted 28.603 million euros in consolidated revenue last year, down by 9.6 percent, from 31.648 million euros, from 2015, informs LETA/BNS.


26.09.2017

Aloja Starkelsen plans to invest EUR 600,000 in development

The Swedish-owned Latvian potato starch maker Aloja Starkelsen plans to invest EUR 600,000 in construction of a new warehouse and development of the territory, informs LETA, according to information published on the Internet website of the Procurement Supervision Bureau.

26.09.2017

Latvian employees more often choose to combine business trip with leisure

The majority Latvian employees attend conferences or training or meet with clients and partners during their business trips, but more often they choose to combine business trip with leisure, writes LETA, according to a poll conducted by Baltic Travel Group tourism agency and Russian airline Aeroflot.

25.09.2017

Investing in social transformation: European perspectives

European Investment Bank “patronises” social innovation since 2012; the EIB’s Institute arranges competition among European researchers with the primary purpose of generating social, ethical or/and environmental impact. Fifteen finalists’ projects were assessed in Riga and revealed great potentials of untapped social innovation now being available in the EU and around the world.

25.09.2017

Estonian court closes proceeding regarding people tried in Liviko competition case

People tried on competition related charges in a case centered on the Tallinn-based alcohol producer Liviko will escape sentences as the court at the end of last week terminated criminal proceedings with regard to them due to lack of public interest, reports LETA/BNS.

25.09.2017

Sales of Multikino multiplex cinemas in Riga grew by 12.2% in 2016

The owner of Multikino multiplex cinemas operated at Riga Plaza last year posted EUR 3.29 million in sales, up 12.2% from a year ago, while the company’s profit rose 53.2% to EUR 698,633, informs LETA, according to Firmas.lv business database.

25.09.2017

Estonia's organization of public procurements gets high appraisal from EU Commission

The organization of public procurements greater in value than the international threshold has improved significantly in Estonia over the past two years and has been rated as one of the best among EU member states, it appears from the Single Market Scoreboard published by the European Commission, informs LETA/BNS.

25.09.2017

Latvia hopes to build closer economic ties with Mexico

Foreign Minister Edgars Rinkevics (Unity) has called on Mexico to step up economic and educational cooperation with Latvia, LETA was told at the Latvian Foreign Ministry.

25.09.2017

McDonald’s implements EUR 10 mln worth investments program

Maltese company Premier Capital Plc (Premier Capital), the developmental licencee for McDonald’s in six countries, is implementing a EUR 10 million worth investments program, LETA learned from the company representatives.

25.09.2017

About half Latvian security firms pay minimum or lower wages to employees

About 50% of security firms in Latvia pay minimum or even lower wages to their employees, said State Revenue Service deputy director Dace Peleka at the Saeima defense, interior affairs and corruption prevention committee meeting on September 22nd, cites LETA.

22.09.2017

Average size of agricultural holding in Latvia is increasing

Provisional data of the Farm Structure Survey 2016 compiled by the Central Statistical Bureau (CSB) show that, in 2016 the average size of agricultural holding constituted 43.2 ha, which is 15.5% more than in 2013 when the average land area per holding accounted for 37.4 ha. The total standard output (SO) (1) has risen by 24.5%, nevertheless the number of economically active farms has reduced by 14.5%.

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