Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 19.08.2019, 07:17

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Consolidated turnover of SAF Tehnika telecommunications equipment maker grows 8% in past FY

Consolidated turnover of SAF Tehnika telecommunications equipment maker grows 8% in past FY

15.08.2019

Consolidates unaudited turnover of SAF Tehnika telecommunications equipment maker in the 2018/2019 financial year was EUR 14.443 mln, up 8 % from the previous year, while the group’s consolidated unaudited loss was EUR 414,299, almost twice as large as in the previous financial year, the company said in its statement to the Nasdaq Riga stock exchange.

Keyword tags: Baltic Export, Industry, Latvia, Markets and Companies, Technology



Draugiem Group company printful posts EUR 11.461 mln in 2018 turnover

Draugiem Group company printful posts EUR 11.461 mln in 2018 turnover

15.08.2019

Printful Latvia, a company of IT Draugiem Group, last year posted EUR 11.461 mln in turnover, while the company’s profit was EUR 4.229 mln, according to Firmas.lv business database writes LETA.

Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

15.08.2019

AS Printall, a wholly-owned subsidiary of AS Ekspress Grupp, has entered into agreements to purchase semi-finished product collection systems for magazine web press and flow-feed systems for binding machines with loading equipment for semi-finished product for an investment of up to 1.9 mln euros, informed LETA/BNS.


Karavela turnover amounted to EUR 25 mln in H1

Karavela turnover amounted to EUR 25 mln in H1

14.08.2019

Fish cannery Karavela turned over EUR 25 mln in January-June, which is a slight increase on the first half of 2018, the company's marketing director and co-owner Janis Endele told LETA.

Operator of Latvia's Elkor retail chain raises turnover 4.2% in 2018

Operator of Latvia's Elkor retail chain raises turnover 4.2% in 2018

14.08.2019

ETG, the operator of Latvia's Elkor retail chain, closed 2018 with 52.353 mln euros in turnover, up 4.2% against a year before, and a loss of EUR 1.055 mln in contrast to a profit made in 2017, according to the company's financial report available at Firmas.lv, reported LETA.


14.08.2019

Latvian hospitals, Emergency Medical Service short of more than 1,000 medics, nurses

Latvian hospitals and Emergency Medical Service are short of more than 1,000 medic, nurses and other health care professionals, according to the information presented at the Saeima social and labor affairs committee meeting today, reported LETA.

14.08.2019

Olainfarm pharmaceutical group looking for new CEO in international tender

Latvia’s listed Olainfarm pharmaceutical group is organizing an international tender to pick a new chairman for its management board, the company said in a statement to Nasdaq Riga.

14.08.2019

Estonia's Apollo Group opens 1st new concept KFC restaurant in Riga

Estonia's leading entertainment provider Apollo Group OU opened its first new concept Kentucky Fried Chicken (KFC) restaurant in the Latvian capital Riga on Aug. 8. In Tallinn, the first KFC restaurant will be opened in October, reported LETA/BNS.

14.08.2019

Turnover of Gunvor's Estonian unit drops due to smaller one-off revenues

Provider of oil shipment agent services Gunvor Services AS saw its turnover decline 4.15% year on year to 15.8 mln euros in 2018 as a result of a reduction in one-off revenues, informed LETA/BNS.

12.08.2019

Latvia: No excess pesticide residues found in samples of food products in 2018

No excess pesticide residues were found in samples of food products of plant and animal origin in 2018, the Agriculture Ministry informed LETA.

12.08.2019

McDonald's in five years has invested EUR 5.6 mln in business development in Latvia

US fast food chain McDonald’s in the past five years has invested EUR 5.6 mln in business development in Latvia, said McDonald’s representatives said LETA.

12.08.2019

Finnish retailer Stockmann posts EUR 11.2 mln operating loss for H1

The consolidated revenue of the Finnish department store operator Stockmann for the first half-year declined 5.5% to 449.5 mln euros, while the 2.7-mln-euro operating profit turned into an operating loss of 11.2 mln euros, Stockmann told the stock exchange.

12.08.2019

Amazon establishes subsidiary in Estonia

The US retail giant Amazon has founded a subsidiary Amazon Data Services Estonia OU, fueling speculation that the company seeks to establish a data center or start providing cloud services in Estonia, according to the Postimees information reported LETA/BNS.

12.08.2019

Finmin: Attracting foreign talent to Estonia should be encouraged

Finance Minister Martin Helme said that the temporary employment of foreign top specialists in Estonia should be encourages as it would help bring world-class know-how here and thus also support Estonia's economic growth, informed LETA/BNS.

12.08.2019

Agricultural Organizations' Cooperation Council notes significant labor shortages in agricultural sector during summer

There are significant labor shortages in the agricultural sector during the summer season, as the Agricultural Organizations' Cooperation Council Chairman Edgars Treibergs told LETA.

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