Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 05.03.2015, 22:15

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In January, industrial production in Estonia increased by 2% y-o-y

In January, industrial production in Estonia increased by 2% y-o-y

05.03.2015

According to Statistics Estonia, in January 2015, the production of industrial enterprises increased by 2% compared to January of the previous year. Production increased in manufacturing and mining, but decreased in energy production.

Keyword tags: Analytics, Estonia, Good for Business, Industry, Markets and Companies



Vienna tops list of cities with best quality of life in 2015

Vienna tops list of cities with best quality of life in 2015

05.03.2015

The Austrian capital Vienna has the highest quality of life of any city in the world, followed by Zurich in Switzerland and Auckland, New Zealand, according to a survey published Wednesday. The highest ranking Baltic city was Vilnius (79th), followed by Tallinn (88th), and Riga (89th), informs LETA/AFP.

Lidl orders construction of 3 stores in Kaunas

Lidl orders construction of 3 stores in Kaunas

05.03.2015

Lithuanian construction company Mitnija and Lidl, one of Europe's largest retail companies, have signed an agreement for the construction of three grocery stores in Kaunas, reports LETA/ELTA.


Estonian entrepreneurs demand from a new government a decisive state reform

Estonian entrepreneurs demand from a new government a decisive state reform

05.03.2015

Estonian business associations and trade unions said in a joint address on Thursday that the main task for the next government period should be significant improvement in effectiveness and updating the functioning of the state, LETA/Public Broadcasting reports.

Lithuanian PM applies to Prosecutor General's Office over public procurements for EXPO 2015

Lithuanian PM applies to Prosecutor General's Office over public procurements for EXPO 2015

05.03.2015

Lithuanian Prime Minister Algirdas Butkevicius is applying to the Prosecutor General's Office in order to find out whether the recent statements made by the former chief of the Public Procurement Office regarding the preparation for EXPO 2015 are correct and investigate whether there really were any signs of corruption in the related public procurements, informs LETA/ELTA.

05.03.2015

Transport minister: Latgale could have television channel in Russian

Latgale could have a television channel in the Russian language, Latvian Transport Minister Anrijs Matiss (Unity) said in an interview with the LNT show "900 sekundes" this morning, cites LETA.

05.03.2015

OEG acquired the business activity of Estonian slot operator

OEG group company Olympic Casino Eesti AS has acquired business activity of operating two casinos from the Estonian casino operator Casino Cleopatra OÜ that increases the number of casinos OEG owns in Estonia to 20, OEG informed the Tallinn stock exchange, cites LETA.

05.03.2015

Bite Latvia's revenue grows, while in Lithuania goes down in 2014

The telecommunications company Bite reported revenue and other income of EUR 170 million for the year ended that on 31 December 2014, compared to EUR 176 million in 2013, reports LETA/ELTA.

05.03.2015

EUR 5.3 mln to be invested in creation of new bio-pharmaceutical center in Riga

EUR 5.3 million will be invested in the creation of the Baltic region's most modern bio-pharmaceutical center in Riga, LETA was informed by the Latvian Institute of Organic Synthesis.

05.03.2015

EUR 65 mln to be distributed to Lithuania's young farmers by 2020

The Ministry of Agriculture has prepared draft rules for the setting-up of young farmers based on 2014-2020 Lithuania's Rural Development Programme. In 2015, farmers may claim EUR 20 million from the European Union Structural Support, reports LETA/ELTA.

04.03.2015

Sunday alcohol sales ban in Tallinn postponed

The plan of the Tallinn city government to ban the retail sales of alcohol on Sundays will be postponed because two alcohol retail companies have disputed the city government's decree in court and seek legal protection, LETA/Public Broadcasting reports.

04.03.2015

Latvia registered EU's fifth largest increase in retail trade turnover in January

In January 2015, compared with January 2014, the volume of retail trade increased by 6.7% in Latvia, which is the fifth best growth among the European Union member states for which data are available, according to latest information provided by Eurostat. In Lithuania, retail volume rose by 3.3%, but in Estonia – by 2.8%, writes LETA.

04.03.2015

Drug sales turnover in Latvia in January – EUR 29.28 mln

The total turnover for drug sales in Latvia in January 2015 reached EUR 29.28 million, the State Agency Of Medicine informed LETA.

04.03.2015

Banking sector’s role in supporting European SMEs

Banking sector is an important contributor to jobs and growth in the EU through the support for SMEs. The sector already provides in the EU-28 about €4 trillion in loans, a big share of which goes to SMEs. In some of the states, the sector’s share in SMEs’ lending is about 30-40%. Seeking to rebuild Europe's economy, this channel of funding shall be supported and developed.

04.03.2015

EU and Kazakhstan confirm the mutual interest in signing and ratifying the new Enhanced Partnership Agreement

The Cooperation Council between the European Union (EU) and Kazakhstan held its fourteenth meeting on Tuesday, 3 March 2015. The meeting was chaired by the Minister of Foreign Affairs of the Republic of Kazakhstan, Mr Erlan Idrissov. The delegation of the EU was led by Mr Edgars Rinkevics, Minister of Foreign Affairs of the Republic of Latvia, reports BC the Latvian MFA.

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