Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 28.06.2016, 01:05

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Estonian Norma lifts sales to EUR 68.7 mln in 2015

Estonian Norma lifts sales to EUR 68.7 mln in 2015

27.06.2016

The Estonian car safety equipment manufacturer Norma, a holding of the Swedish Autoliv, increased sales by 7% to 68.7 million euros in 2015 and its profit by 2.3-fold to 4.2 million euros, it can be seen from the company's annual report, cites LETA/BNS.

Keyword tags: Baltic Export, Estonia, EU – Baltic States, Good for Business, Markets and Companies, Security, Transport



Extraction of oil shale in Estonia totals 14.9 mln tons in 2015

Extraction of oil shale in Estonia totals 14.9 mln tons in 2015

27.06.2016

A total of 14.9 million tons of oil shale was extracted in Estonia in 2015 and losses totaled 4.6 million euros, while a year earlier 15 million tons of oil shale was extracted and losses totaled 4.2 million tons, it can be seen from data published by the Land Board, cites LETA/BNS.

Lithuanian economist: UK may maintain free trade with EU after Brexit

Lithuanian economist: UK may maintain free trade with EU after Brexit

27.06.2016

The United Kingdom is likely to continue to enjoy free trade with the European Union when it leaves the bloc in the future, provided that London agrees to maintain the principle of free movement of labor, a Lithuanian economist said, cites LETA/BNS.


ABB Lithuania’s pretax earnings are forecast to decline to 591,000 euros in 2016

ABB Lithuania’s pretax earnings are forecast to decline to 591,000 euros in 2016

27.06.2016

The Lithuanian subsidiary of Sweden's engineering and automation company ABB in 2016 expects revenue to come in at least at last year's level, informs LETA/BNS.

Madara Cosmetics raises 2015 sales 30%, profit grows 19%

Madara Cosmetics raises 2015 sales 30%, profit grows 19%

27.06.2016

Latvian Madara Cosmetics eco-cosmetics producer last year increased its turnover 30% and its profit grew 19% year-on-year, informs LETA, according to Firmas.lv.

27.06.2016

Powers of PERH managers in Estonia temporarily limited

In addition to CEO of the North Estonia Medical Center (PERH), Tonis Allik, who resigned on June 15 the hospital's board has also limited the powers of PERH's IT director Marko Kilk and catering chief Anu Vahi who also stand suspected of embezzlement, informs LETA/BNS.

27.06.2016

Number of visitors to Riga Zoo peaks in 2015

The Riga Zoo received 336,190 visitors in 2015, which is the highest annual number of visitors since 2009, reports LETA, according to the zoological garden’s annual report for 2015.

27.06.2016

Lithuania's Viciunai ir Ko targets EUR 129 mln sales in 2016

Lithuania’s frozen fish and other product distributor Viciunai ir Ko is targeting sales of 129 million euros in 2016 after posting a 1.5% rise in revenue to 114.443 million euros for 2015, up from 112.773 million euros in 2014, informs LETA/BNS.

27.06.2016

Brexit likely to throw Latvian-British business relations into brief disarray

Great Britain’s decision to depart from the European Union (EU) is expected to briefly cause some disarray in Latvian-British business relations, Guntis Rubins, the head of the Latvian Investment and Development Agency’s representation in the UK, predicted, cites LETA.

27.06.2016

Lithuania’s e-commerce leaders grow, others count losses in 7 years

Three of five biggest Lithuania’s e-commerce companies, which have only online presence, generate losses while the remaining two, which are also the largest among those five, operate in the black, the Verslo Zinios business daily reports on June 23rd, cites LETA/BNS.

27.06.2016

Cigarette exports from Latvia grow 41.6% in January-April

There were 807.29 million cigarettes exported from Latvia to other countries in January-April 2016, which is a 41.63% rise from the same period in 2015, informs LETA, according to the information about excised goods released by the Latvian State Revenue Service.

23.06.2016

Cities for clean environment and sustainable energy

There are presently two global initiatives of cities and local governments combating destructive climate change while striving for sustainable energy: the EU Covenant of Mayors and the Compact of Mayors. They announced the formation of a new, first-of-its-kind initiative – Global Covenant of Mayors for climate and energy.

22.06.2016

In May, industrial production in Lithuania decreased by 0.2% y-o-y

Statistics Lithuania informs that in May 2016 industrial production totalled EUR 1.5 billion at current prices and, compared to April, seasonally and calendar adjusted, increased by 3.8% at constant prices (seasonally and calendar unadjusted – 8.1%). In May 2016, against May 2015, calendar adjusted, industrial production decreased by 0.2%.

22.06.2016

New EU binding measures to control corporate taxation

Present agreement among EU member states shows common approach towards far-reaching new rules to eliminate the most common corporate tax avoidance practices. It follows the agreement among OECD countries on recommendations to limit tax base erosion and profit shifting (BEPS).

22.06.2016

Tallinn initiates detailed plan for city's main hospital

The Tallinn city government has initiated a procedure to prepare a detailed plan for the plots at Narva Road 129 and 129b and nearby areas where the city's new main hospital complex is about to be built, informs LETA/BNS.

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