Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 18.02.2019, 12:44

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UP Invest exiting food retail business

UP Invest exiting food retail business

18.02.2019

UP Invest, holding of Estonian businessman Margus Linnamae, has decided to exit the business of food related retail and will discontinue the operation of the units supporting it, reported LETA/BNS.

Keyword tags: Estonia, Investments, Markets and Companies, Retail



Number of dairy herds in Latvia drops 10.4% over past year

Number of dairy herds in Latvia drops 10.4% over past year

15.02.2019

In January 2019 the number of dairy herds in Latvia had dropped by 10.4 percent from January 2018, according to information released by the Agricultural Data Center writes LETA.

O'Leary's operator in Lithuania plans movie theatre, restaurant expansion

O'Leary's operator in Lithuania plans movie theatre, restaurant expansion

15.02.2019

Estonia's APL Restaurants, operating the O'Leary's restaurant chain, has set up three new businesses in Lithuania and plans to expand its network of movie theatres, cafes and restaurants, informed LETA/BNS.


Maxima Latvija retailer to invest up to EUR 50 mln in development this year

Maxima Latvija retailer to invest up to EUR 50 mln in development this year

14.02.2019

Maxima Latvija retailer in line with Maxima Grupe strategy this year will invest up to EUR 50 million in development of the store network, Maxima Latvija board chairman Andris Vilcmeiers told the press cited LETA.

Norwegian Supreme Court bans Latvian trawler from crabbing in Svalbard

Norwegian Supreme Court bans Latvian trawler from crabbing in Svalbard

14.02.2019

The Supreme Court of Norway has ruled the Latvian trawler Senator and banned it from crabbing in Svalbard, the ship’s owner Peteris Pildegovics informed LETA.


13.02.2019

SAF Tehnika Group posts EUR 490,000 loss in six months of 2018/2018 FY

Latvian telecommunications equipment maker SAF Tehnika closed the first six months of the 2018/2019 financial year with EUR 490,000 in loss, according to the company’s statement to the Nasdaq Riga stock exchange reported LETA.

13.02.2019

20th Vilnius Book Fair will invite guests to watch literary duels

The international Vilnius Book Fair, which marks 20th anniversary this year, will feature a novelty – literary duels between creators and critics, informed LETA/BNS.

13.02.2019

Baltic fund Livonia Partners buys stake in Estonia's Fenestra window maker

Livonia Partners, a private-capital investment fund operating in the Baltic states, has bought a 60-percent stake in Estonian windows producer Fenestra, in a deal already endorsed by Estonia's competition watchdog, reported LEtA/BNS.

13.02.2019

Rimi Baltic retail chain sees turnover grow 2.1% in 2018

Stores of Rimi Baltic retail chain in the three Baltic states turned over EUR 1.474 billion in 2018, up 2.1 % against 2017, while Rimi Baltic stores in Latvia raised turnover by 3 % to EUR 775.2 mln, according to a report released by the retail chain’s owner, Sweden’s ICA Gruppen writes LETA/BNS.

12.02.2019

Latvian NBA star Porzingis invests in sports injury prevention start-up Zone7

Latvian NBA star Kristaps Porzingis and former Dutch soccer star Jordi Cruyff have invested in Israeli-American sports injury prevention start-up Zone7, reported LETA/BNS. The start-up has raised a total of USD 2.5 million in seed funding (EUR 2.2 million), according to a statement released by the company on Tuesday.

12.02.2019

Estonia: Cleveron, Itella working together in parcel delivery

Starting from February, couriers of the logistics company Itella Smartpost delivering parcels to clients can leave domestic and international parcels alike at Cleveron's home parcel stations and apartment house parcel stations, where they will be collected by the client, reported LETA/BNS.

12.02.2019

The first 18 startups financed by the ALTUM accelerator programs graduate Most promising teams will qualify for 250 thousand euro investment

Three accelerators backed by the Development Finance Institution ALTUM, started in autumn, have successfully completed their first startup batches. The accelerators, Overkill Ventures, Buildit Latvia and Commercialization Reactor Fund, provided acceleration services to the 18 most promising local and international startups selected from over 600 applications, informed ALTUM representative,

12.02.2019

Grocer Rimi's FY sales in Lithuania rise 3.6%

Rimi Lietuva, one of Lithuania's biggest grocery chains, increased its sales by 3.6% last year compared with 2017 to 324.5 mln euros, not including VAT, informed LETA/BNS.

11.02.2019

Estonian travel agency: Turkey tops list of preferences among Tourest visitors

Sales numbers at Tourest, the largest travel trade fair in the Baltic states, which kicked off on Friday, indicate that Turkey is the most popular travel destination among Estonians, accounting for as much as a third of all package holidays sold at the fair so far, travel agency Go Travel said LETA/BNS.

11.02.2019

U.S. sends additional helicopters to Latvia as part of next rotation of troops

As part of its Atlantic Resolve mission, the United States has sent 13 helicopters to Latvia to help strengthen regional security and maintain a U.S. presence in the region, LETA was informed by the Defense Ministry.

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