Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 14.08.2018, 11:32

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Merger of LMT and Lattelecom is inevitable in future – Baltcom

Merger of LMT and Lattelecom is inevitable in future – Baltcom

13.08.2018

In the future, the merger of mobile operator Latvijas Mobilais Telefons (LMT) and telecommunication company Lattelecom is inevitable, informs LETA referring to Nicolas Boissin, the head of the Latvian cable operator Baltcom.

Keyword tags: Latvia, Markets and Companies, Technology, Telecomunications



Wess Motors Toyota car dealer raises sales by 17% in H1

Wess Motors Toyota car dealer raises sales by 17% in H1

13.08.2018

In the first half of 2018, Latvia’s Wess Motors Toyota car dealer raised sales by more than 17% against the same period a year ago, informs LETA referring to the Wess representatives.

Builders hard to find in Estonia for smaller projects – 1Partner

Builders hard to find in Estonia for smaller projects – 1Partner

13.08.2018

Builders in Estonia are busy working on bigger projects and it is very difficult to find workforce for smaller projects, for example, for renovating an apartment, informs LETA/BNS referring to Kristjan Vahter, managing director of the real estate agency 1Partner Kinnisvara.


Wind energy brings electricity price down in Lithuania – Litgrid

Wind energy brings electricity price down in Lithuania – Litgrid

13.08.2018

The price of electricity remains fairly high in Lithuania, despite dropping 7% on average last week as the production of wind energy nearly doubles in the Nordic countries, Lithuania, Latvia and Poland, informs LETA referring to the power transmission operator Litgrid.

There is shortage of low-qualified workforce – Orkla Confectionery & Snacks Latvija

There is shortage of low-qualified workforce – Orkla Confectionery & Snacks Latvija

13.08.2018

Availability of workforce is a big problem for food producers, and there is a big shortage of low-qualified workforce, informs LETA referring to Toms Didrihsons, the board chairman of Orkla Confectionery & Snacks Latvija food producer.


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

Estonian Cell to buy production technology from Valmet for EUR 10 mln

Estonian Cell, the Austrian owned pulp mill located at Kunda in northern Estonia, is to buy production technology from the Finnish industrial company Valmet to increase production volumes, and the size of the investment is 5-10 million euros, reports LETA/BNS.

10.08.2018

Lithuania's Akmenes Cementas expects smaller losses this year

Lithuania's sole cement producer Akmenes Cementas hopes to sell more cement this year and cut losses, reports LETA/BNS.

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

Lithuania's Novaturas to spend EUR 6 mln on interim dividends

Novaturas, one of the largest tour operators in Lithuania, posted 8.317 mln euros in audited net profits in the first half of this year and plans to pay interim dividends of 0.77 euros per share, spending 6.011 mln euros, reports LETA/BNS.

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

Marek Helm to head Nortal's Gulf, Africa operations

Marek Helm, whose previous jobs include that of head of the Estonian national tax authority, is taking over as head of the operations of the Estonian software and business consulting firm Nortal in the Arab countries of the Gulf (GCC) and Africa, reports LETA/BNS.

09.08.2018

Estonia seeking to create common packaging deposit system with Latvia

Estonian Environment Minister Siim Kiisler is to propose setting up a common packaging deposit system in Estonia and Latvia, which would enable returning beverage packaging bought in Latvia for a reimbursement in Estonia and vice versa, reported LETA/BNS.

09.08.2018

Estonian state forest management co sold 649 hectares of land for EUR 33 mln in H1

The Estonian state forest management company, RMK, sold 649 hectares of land not necessary for the management of state forests during the first half of 2018 for 3.3 mln euros, reports LETA/BNS.

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