Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 21.01.2017, 21:41

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Lithuania's tax chief sacked

Lithuania's tax chief sacked

20.01.2017

Lithuanian Finance Minister Vilius Sapoka has sacked Dainoras Bradauskas, head of the State Tax Inspectorate (STI), after a commission set up by the ministry recommended firing him for corrupt activities and gross official misconduct, reports LETA/BNS.

Lithuanian Government greenlights police infrastructure PPP projects in Kaunas and Panevezys

Lithuanian Government greenlights police infrastructure PPP projects in Kaunas and Panevezys

20.01.2017

On the 18th of January, Lithuania's Cabinet of Ministers approved two separate PPP police infrastructure projects in Kaunas and Panevezys. The approval gives a green light to the Police Department under the Ministry of the Interior to commence tendering procedures as soon as the necessary preparations have been completed.


Anti-corruption service on blockchain. E-Auction 3.0 developer will attend Tallinn

Anti-corruption service on blockchain. E-Auction 3.0 developer will attend Tallinn

20.01.2017

On March 9, 2017, one will present the electronic auction service – e-Auction 3.0 – at Blockchain & Bitcoin Conference in Tallinn. This project has been developed by Ukrainian IT specialists. Its concept is to replace officials for transparent blockchain. It shows conditions, process and results of public property lease and sale auctions.

Government of Uzbekistan sums up results for 2016 and determines yearly priorities at the extended session

Government of Uzbekistan sums up results for 2016 and determines yearly priorities at the extended session

19.01.2017

On 14 January an extended session of the Cabinet of Ministers, dedicated to comprehensive analysis of the results of social-economic development of the country in 2016 and determining the most important directions and priorities of economic and social program of the government in 2017 was held in Tashkent.


19.01.2017

Improvement of business environment and attraction of investments among top priorities of combating shadow economy in Latvia

The American Chamber of Commerce (AmCham) together with Stockholm School of Economics in Riga held a seminar in the AmCham Outlook series to discuss the shadow economy and its impact on Latvia’s business environment on January 18 at the Stockholm School of Economics in Riga, AmCham representatives informs BC.

19.01.2017

Estonia's Eesti Energia might sell oil shale technology to Morocco

Morocco might be interested in the knowhow of oil shale studies and services of the Estonian state-owned energy company Eesti Energia, and it is possible that the company would also sell the Enefit technology to the country to process oil shale, reports LETA/BNS.

19.01.2017

Olympus Aviation Academy signs new contract with Momook to discover growth opportunities

The technology company MOMook, developing management software solutions for aviation training centres, is announcing a service agreement with Olympus Aviation Academy located in Thessaloniki, Greece, said companies representatives BC.

18.01.2017

Rimi Baltic retailer to announce EUR 75 mln logistics center project

Rimi Baltic retail company is set to announce next week a new project providing for construction of a logistics center for EUR 75 mln, the company's representatives said LETA.

18.01.2017

Record amount of power generated from renewable resources in Lithuania in 2016

– Some 1.997 terawatt-hours (TWh) of electricity was generated from renewable resources in Lithuania in 2016, up by 23.4 % from, 1.602 TWh, in the year before, the Lithuanian Wind Power Association said on Wednesday, citing power transmission system operator Litgrid reports LETA/BNS.

18.01.2017

Lithuania's Arvi Kalakutai launches EUR 30 mln turkey product complex in Belarus

Arvi Kalakutai, a turkey meat product manufacturing and trade arm of Arvi ir Ko, a Lithuanian business group owned by Vidmantas Kucinskas, has launched a 30-million-euro complex in Belarus, reports LETA/BNS.

18.01.2017

Lithuanian Railways' new freight directorate chief to seek tariff transparency

Egidijus Lazauskas, the newly-appointed deputy CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, LG) and director of the state railway company's Freight Transportation Directorate, says his aim is to bring more transparency to the cargo transportation conditions and tariffs. In his words, he wants all of the company's clients to know what they pay for and how much, writes LETA/BNS.

18.01.2017

Estonia's tax watchdog to counsel accommodation and food sector re envelope wages

Estonian Tax and Customs Board (MTA) is to start paying more attention to undeclared cash-in-hand wages in accommodation and food establishments, and the first step is to counsel entrepreneurs regarding the employment register, according the daily Eesti Paevaleht reports LETA/BNS.

18.01.2017

Latvia’s Aloja Starkelsen starch maker has made first shipments to South Korea

The Swedish-owned Latvian potato starch maker Aloja Starkelsen this year has already sent the first test shipments to South Korea, the company’s board member Janis Garancs told LETA.

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