Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 28.07.2017, 01:48

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In June, construction costs in Latvia grew by 0.2%

In June, construction costs in Latvia grew by 0.2%

27.07.2017

Data of the Central Statistical Bureau (CSB) show that, compared to May, in June 2017 the level of construction costs in Latvia increased by 0.2%. Labour remuneration of workers1 rose by 0.4%, prices of building materials grew by 0.2%, whereas maintenance and operational costs of machinery and equipment increased by 0.1%.

Keyword tags: Analytics, Construction, Latvia, Markets and Companies, Real Estate



The turnover of retail trade enterprises in Lithuania decreased by 1.7% in June

The turnover of retail trade enterprises in Lithuania decreased by 1.7% in June

27.07.2017

Statistics Lithuania informs that, based on provisional data, in June 2017, the turnover (VAT excluded) of retail trade1 enterprises amounted to EUR 866.4 million at current prices, and against May 2017, seasonally and calendar adjusted, decreased by 1.7% at constant prices (unadjusted – by 2.4%).

Jobs in Latvian beer industry may decline by 30%

Jobs in Latvian beer industry may decline by 30%

27.07.2017

If the Latvian parliament today approved the proposal for a 50% increase of excise tax on beer, the number of job in the beer industry may decline by some 30%, affecting employment in particular in the rural areas, the Latvian Union of Breweries said, cites LETA.


Estonian ice cream producer Premia doubles profit in 2016

Estonian ice cream producer Premia doubles profit in 2016

27.07.2017

Sales of the Estonian ice cream producer Premia Tallinna Kulmhoone AS grew 14.6% on year to 48.3 million euros in 2016, while the company's profit doubled to 3.2 million euros, informs LETA/BNS.

Latvians involved in economic activity or earning author's fees to make 5% social contributions

Latvians involved in economic activity or earning author's fees to make 5% social contributions

27.07.2017

As of the year 2018, 5% social contributions from incomes of all residents involved in economic activity or earning royalties will be paid into the first-tier pension scheme, Saeima Social and Employment Matters Committee decided on July 26th while discussing amendments to the Law on State Social Insurance that will now be reviewed by Saeima in the final reading, reports LETA.


27.07.2017

Revenue of Estonian Harju Elekter rose by 46% in Q2

Revenue of the listed Estonian electrical equipment maker Harju Elekter Group surged 45.9% to 25.1 million euros in the second quarter of this year and the net profit of the period declined 38.7% to 1 million euros, writes LETA/BNS.

27.07.2017

Estonian ministry to buy up to 100 automatic firearms for prison service

The Estonian Justice Ministry is to participate in the defense forces' tender for buying automatic firearms and is planning to buy up to 100 firearms, reports LETA/BNS.

26.07.2017

Competition Council allows offshore firm to buy Latvijas Propana Gaze

The Competition Council has given permission to the Cyprus-registered Areti International Group Limited to acquire Latvijas Propana Gaze, a company selling liquid natural gas, LETA was told at the Competition Council.

26.07.2017

Latvian entrepreneurs have started working longer hours

Entrepreneurs in Latvia work eight hours and five minutes a day on average as compared to seven hours and 56 minutes a day in the fall of 2016, the latest Citadele Index survey shows, informs LETA.

26.07.2017

2 milion liters of beer brought into Estonia from Latvia in cross-border trade

The Estonian Ministry of Finance said that approximately 2 million liters of beer have been brought into Estonia in the first five months of this year, not the 7.1 million liters forecast by the Estonian Food Industry Association, cites LETA/BNS.

26.07.2017

Ukrainian candy boosts competition for Lithuanian candy makers

Candy imported from Ukraine increase the competition for confectionery made in Lithuania, Verslo Zinios business daily said, cites LETA/BNS.

26.07.2017

Boen Lithuania raises 2016 revenue to EUR 156.8 mln

Boen Lietuva, a Lithuanian parquet flooring manufacturer operated by Norway's Boen, posted consolidated revenue of 156.83 million euros last year, which is an increase by 12.2%, from 139.834 million euros, in 2015, informs LETA/BNS.

26.07.2017

Government authorizes BITE Lietuva to acquire TV3, LNT and Star FM

The Cabinet of Ministers in Latvia on July 25th today authorized UAB BITE Lietuva, Lithuanian company controlled by the U.S. investment company Providence Equity Partners, to acquire decisive influence in Latvian companies TV3 Latvia, Latvijas Neatkariga Televizija, and Star FM, informs LETA.

26.07.2017

Latvian government upholds proposals for changes in micro enterprise tax

The Latvian Cabinet of Ministers on July 25th upheld the draft amendments to the Law on the Micro Enterprise Tax under which the tax will be set at 15%, starting from 2018, for businesses with annual turnover not exceeding EUR 40,000, writes LETA.

26.07.2017

Latvian government approves health care reform

The Latvian government on July 25th approved the conceptual report about reforms in the national health care system, writes LETA.

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