Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 29.03.2017, 00:28

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Estonian unit of ABB boosts FY sales 18 %

Estonian unit of ABB boosts FY sales 18 %

28.03.2017

Sales revenue of the power management and automated systems manufacturer ABB AS, Estonian unit of the international ABB group, increased 18 % last year to 183 mln euros, LETA/BNS informed.

Keyword tags: Estonia, EU – Baltic States, Good for Business, Industry, Investments, Markets and Companies



Olympic to delist from Warsaw stock exchange

Olympic to delist from Warsaw stock exchange

28.03.2017

The listed Estonian gaming operator Olympic Entertainment Group AS (OEG) has initiated proceedings to delist its shares from the main market of the Warsaw Stock Exchange, after the completion of which the stock will remain listed only on the Tallinn stock exchange.

Lux Express set to start operating Russian domestic routes in summer

Lux Express set to start operating Russian domestic routes in summer

28.03.2017

The Estonian bus operator Lux Express is about to start operating regular services within Russia, specifically the St. Petersburg-Moscow and St. Petersburg-Pskov routes, this summer, LETA/BNS writes accordgin to the Postimees.


Over 40 tenders to be announced within Rail Baltica project this year

Over 40 tenders to be announced within Rail Baltica project this year

27.03.2017

More than 40 tenders are to be announced as part of the Rail Baltica European-gauge railroad project this year, LETA was told at the joint Baltic company RB Rail coordinating the Rail Baltica project.

Capitec Bank invests €21M in European fintech Creamfinance

Capitec Bank invests €21M in European fintech Creamfinance

27.03.2017

Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”), BC was told at the Creamfinance.


27.03.2017

Sigfox operator Connected Baltics OÜ and Telia Estonia Ltd enter IoT partnership for Estonia

Connected Baltics OÜ the exclusive Sigfox operator of the world’s leading provider of connectivity for the Internet of Things (IoT), and Telia Estonia Ltd the market leader telecom operator in Estonia, announced today that they have entered the partnership to integrate Sigfox’s low-powered connectivity into the operator’s managed IoT solutions to complement Telia’s offering, Connected Baltic OU representative informed BC.

27.03.2017

Nokia malware report reveals new all-time high in mobile device infections and major IoT device security vulnerabilities

Nokia today issued its latest Threat Intelligence Report, revealing a new all-time high in mobile device malware infections, a sharp increase in compromised smartphones and major IoT device security vulnerabilities.

24.03.2017

Riga Airport to offer 89 flight destinations in the summer season

The summer flight season will start on Sunday, 26 March, and this year 89 destinations will be available to passengers travelling from Riga International Airport, the airport`s representative informed BC.

24.03.2017

Riga International Coach Terminal sees number of passengers drop 7.6%

During the first two months of this year Riga International Coach Terminal saw the number of passengers drop 7.6% from the same period a year ago to 232,421 people, LETA was told at the terminal.

24.03.2017

European court dismisses Estonian sugar penalty action

The European Court of Justice has dismissed the action Estonia filed in the spring of 2015 to get back from the European Union the 34.3 mln euros that Estonia paid as penalty for excessive stocks of sugar, reports LETA/BNS,

24.03.2017

Amber Beverage Group acquires Interbaltija AG alcohol distributor

Amber Beverage Group alcohol wholesaler has acquired the joint-stock company Interbaltija AG, Dana Hasana, a spokeswoman for Amber Beverage Group, told BC.

24.03.2017

Nuta wants to build used oils recycling facility in western Lithuania

Another attempt to use EU funds to build an automotive oil recycling facility is being planned in Lithuania after the first such enterprise, which obtained 2.3 mln euros in investments back in 2009, has not yet launched operations, LETA/BNS writes according to the business daily Verslo Zinios.

24.03.2017

Summer schedule of Tallinn airport features 36 destinations

The airport of Tallinn will on Sunday launch its summer schedule which features direct flights to 36 destinations, reports LETA/BNS.

24.03.2017

Lithuanian producers may benefit from Brazil's meat scandal

Broader export opportunities are opening up for Lithuanian meat processors in the wake of Brazil's spoiled meat and corruption scandal involving two large international companies, JBS and BRF, and several tens of smaller market players, reported LETA/BNS according to the business daily Verslo Zinios.

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