Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 18.10.2018, 21:37

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EU farm ministers raise Baltic fish quotas, angering environmentalists

EU farm ministers raise Baltic fish quotas, angering environmentalists

18.10.2018

European Union ministers agreed on Monday (15 October) to sharply boost catch quotas for western Baltic cod as part of new fishing regulations for next year that angered environmentalists.

Keyword tags: Agriculture, Analytics, Baltic, Ecology, Markets and Companies



Latvian gasoline imports drop 4%, diesel fuel imports down 12.3% in eight months

Latvian gasoline imports drop 4%, diesel fuel imports down 12.3% in eight months

18.10.2018

During the first eight months of 2018, Latvian gasoline imports dropped 4% from the respective period a year ago, while diesel fuel imports fell 11.3%, according to the Central Statistical Bureau, writes LETA.

Lithuania's Achemos Grupe fires CEO Sabaliauskas

Lithuania's Achemos Grupe fires CEO Sabaliauskas

17.10.2018

Gintautas Kanapeckas was appointed on Wednesday as chief executive officer of Achemos Grupe (Achema Group), one of Lithuania's biggest business conglomerates, replacing Linas Sabaliauskas, who was fired after less than a year in the job, informed LETA/BNS.


58 mln euros paid in advance single area payments to Latvian farmers on the first day

58 mln euros paid in advance single area payments to Latvian farmers on the first day

16.10.2018

The Rural Support Service of Latvia on Tuesday paid more than 58 mln euros in advance single area payments to a record number of customers – 36,000, informs LETA referring to the service.

Latvijas Auto general meeting sacks association's council

Latvijas Auto general meeting sacks association's council

16.10.2018

Council of Latvijas Auto association of Latvian freight and passenger road transportation companies was dismissed at the association's general meeting today, informs LETA.


16.10.2018

airBaltic carries 18% more passengers during first three quarters of 2018

The Latvian airline airBaltic has carried 3 168 893 or 18% more passengers during the first nine months of 2018 than in the same period last year to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. In September 2018, 398 846 passengers or 16% more than last year travelled with airBaltic, informed the company’s representative.

15.10.2018

Revenue of Tere, Farmi Piimatoostus dairy group totals 82.2 mln euros

The revenue of the Estonian dairy group Tere AS and Farmi Piimatoostus AS rose 3.2% or 2.6 mln euros on year to 82.2 mln euros in the first nine months of the year, with export making up 20% of it, informs LETA/BNS.

15.10.2018

Lithuania's major drugstore chains fear watchdog probe's influence on business

Limedika, Gintarine Vaistine and Norfos Vaistine, operating one of the largest drugstore chains in Lithuania, have turned to court with a request to order the Competition Council to return information which, they say, is not related to the ongoing probe into competition-restricting agreements, the competition watchdog launched earlier this year, informs LETA/BNS.

15.10.2018

Unaudited consolidated revenue of PRFoods down 30.9% on year in September

The unaudited consolidated sales revenue of the listed Estonian fish products seller PRFoods decreased by 30.9% on year in September, totaling 5.2 mln euros, informs LETA/BNS.

12.10.2018

Vilnius Factoring Company sought to buy Debitum Fori

Vilnius Factoring Company, a Lithuania-registered factoring services company headed by Italian businessman Renato La Fianza, has unsuccessfully tried to purchase the invoice financing services provider Debitum Fori, the Delfi.lt news website reported on Friday.

12.10.2018

Tallinna Kaubamaja Q3 revenue up 4% at EUR 167 mln

The unaudited consolidated sales revenue of listed Estonian retailer Tallinna Kaubamaja Group in the third quarter of the year was 167.1 mln euros, 3.9% bigger than in the same three-month period of 2017, the retailer told the stock exchange.

11.10.2018

FDI projects in Latvia up 39% in 2017 - survey

With 53 new projects financed with foreign direct investment (FDI) launched in Latvia in 2017, FDI projects grew 39% from 2016, according to a survey on FDI attraction conducted by Ernst&Young (EY), citing LETA.

11.10.2018

Saeima approves proposal that employers have no right to demand employees speak foreign languages unless that is necessary in their job

- Saeima today approved amendments to the Labor Law in the second reading, which stipulate that employers have no right to demand their employees to speak foreign languages unless such language skills are necessary in their jobs, informed LETA.

11.10.2018

Decline in volume of pesticides used on cereals and rape in Latvia

Provisional data on use of pesticides on cereals, field beans and rape to be harvested in 2017 compiled by the Central Statistical Bureau (CSB) show that, compared to 2012, in 2017 the volume of pesticides1 used on one hectare of cereal cropland reduced by 5.8 % and of that used on one rape hectare by 11.7 %. Last year, 689.3 tonnes of pesticides or 0.98 kg on average per one hectare of sown area were used (1.04 kg in 2012), while rape areas were treated with 159.2 tonnes of pesticides or on average 1.36 kg per hectare of sown area (1.54 kg in 2012).

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