Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 01.09.2016, 00:45

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What the Brexit vote means for foreign company in the UK and what to expect next - BDO UK

What the Brexit vote means for foreign company in the UK and what to expect next - BDO UK

31.08.2016

The recent referendum in which the British voted to withdraw from the European Union (EU) came as a shock not only to the whole bloc and Britain itself, but also to each country and company that does business in Britain – as it did to us, Knowledgeprice.com, an IT company based in Latvia.

Keyword tags: Analytics, EU – Baltic States, Latvia, Markets and Companies, Technology, Telecomunications



Rail Baltic to look for best solution for building Estonia's Muuga terminal

Rail Baltic to look for best solution for building Estonia's Muuga terminal

30.08.2016

Rail Baltic Estonia OU is to look for the best solution to build a multimodal goods terminal at Muuga port, the aim of which is to service goods transported to the terminal on the Rail Baltic high-speed railway, reports LETA/BNS.

HansaMatrix high-tech company raises H1 sales 20%

HansaMatrix high-tech company raises H1 sales 20%

30.08.2016

The unaudited consolidated net turnover of HansaMatrix high technology company in the first half of this year was EUR 7.41 mln or by 20% higher than during the same period last year, the company said in a statement submitted to the Nasdaq Riga stock exchange.


Judex allowed to resume production

Judex allowed to resume production

30.08.2016

After repeated tests did not reveal any bacteria, the Lithuanian State Food and Veterinary Service (VMVT) on Tuesday allowed the Kaunas-based frozen food product company Judex subject to a law-enforcement investigation to resume production. Salmonella, E. coli and listeria were earlier confirmed in its output, while enterobacteriaceae was found in the premises, reports LETA/BNS.

Maligins wishes to decrease Olainfarm export to Russia

Maligins wishes to decrease Olainfarm export to Russia

30.08.2016

Valerijs Maligins, the largest shareholder and chairman of the board at pharmaceutical company Olainfarm, wishes to decrease the company's export to Russia down to 20-25% of its turnover. At one point export to Russia was 90% of turnover, but now it is approximately 38%, Maligins said in an interview with the newspaper Diena, cites LETA.


29.08.2016

Estonian defense co Milrem to expand Tallinn workshop

The Estonian defense industry company AS Milrem is to expand its Tallinn workshop due to different development and cooperation projects, and will soon announce a construction tender, reports LETA/BNS.

29.08.2016

Evolution Gaming turnover grows 54% in H1

In the first half of 2016 Evolution Gaming, Latvia-based IT and live casino services company, posted EUR 51.9 mln in turnover, which is 54 % more than during the same time period last year, the company informed LETA. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization or EBITDA increased by 51% to EUR 20.9 mln, compared to the same period in 2015, informs LETA.

26.08.2016

Hitachi fails to stop Vilnius Cogeneration Power Plant contractor tender

Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Cogeneration Power Plant, reports LETA/BNS.

26.08.2016

Latvian minister invited Lithuanian businessmen to hunt

The dinner and hunt for business figures in the Panevezys district, northern Lithuania, was organized Latvia's Agriculture Minister Janis Duklavs, Lithuania's Agriculture Minister Virginija Baltraitiene says in press release today.

26.08.2016

Hansabuss acquired majority holding in the Latvian bus company Tukuma Auto

AS Hansabuss acquired 91% majority holding in the Latvian company Tukuma Auto SIA, which in addition to bus transport services in Latvia also offers national and international road transport services through its subsidiary. As a result of the transaction, the market share of Hansabuss grows to an estimated 10% in Latvia in the public bus transport and charter transport segments open to competition, Hansabuss representative told to BC.

25.08.2016

Latvijas Gaze may not bar Latvenergo from buying natural gas from Lithuania

The Public Utilities Commission on Thursday decided that joint-stock natural gas company Latvijas Gaze could not temporarily bar the power utility Latvenergo from accessing natural gas transmission and distribution system, reports LETA.

25.08.2016

Mikrotikls co-owner Riekstins the top earner in Latvia in 2015

Arnis Riekstins, a co-owner of the Mikrotikls company, earned EUR 30.15 mln last year becoming the top earner in Latvia in 2015, according to a list of Latvia's biggest earners, losers, and dividend recipients last year, compiled by Lursoft, business magazine Kapitals, and journalists Lato Lapsa and Kristine Jancevska.

25.08.2016

The number of people staying at Latvia`s hotels has grown by 6.1 % over the year

According to the latest data of the Central Statistical Bureau (CSB), there were 612.9 thsd visitors who stayed in Latvian accommodation establishments during the 2nd quarter of 2016, which was 6.1 % more than during the corresponding period of the previous year. As compared to the 2nd quarter of 2015, the number of nights spent by visitors has increased by 6.6 %. On average, visitors stayed 1.9 nights in accommodation establishments.

25.08.2016

Aivar Pilv Law Office and partners establish new Baltic legal alliance LEADELL

Estonian law firm Aivar Pilv Law Office together with Latvian law firm Fogels, Vītols & Paipa and Lithuanian law firm Balčiūnas & Grajauskas founded a new pan-Baltic alliance LEADELL that brings together nearly 50 legal advisors, informe BC LEADELL representative.

25.08.2016

Nordea and DNB banks to combine Baltic operations

Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017, reports LETA.

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