Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 19.09.2014, 08:48

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Ir: Liepajas metalurgs investors haunted by scandals and lawsuits

Ir: Liepajas metalurgs investors haunted by scandals and lawsuits

18.09.2014

Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.

Keyword tags: Baltic States – CIS, Investments, Latvia, Legislation, Markets and Companies, Metals Market



Lithuanian Seimas approves of Grybauskaite's veto on amendments to Law on Competition

Lithuanian Seimas approves of Grybauskaite's veto on amendments to Law on Competition

18.09.2014

The Competition Council in Lithuania has been authorised to continue applying fines equal to 10% of a company's gross annual income, reports LETA/ELTA.

Latvian Saeima approves extension of tax payment terms for companies suffering from Russia's sanctions

Latvian Saeima approves extension of tax payment terms for companies suffering from Russia's sanctions

18.09.2014

Saeima passed several draft bills in the final reading today stipulating deferred or split tax payments for companies that have delayed tax payments due to Russia's restrictions on food import.


Russian chocolate manufacturer Pobeda to open factory in Ventspils

Russian chocolate manufacturer Pobeda to open factory in Ventspils

18.09.2014

One of the largest chocolate manufacturers in Russia Pobeda Confectionery plans to open a chocolate factory in Ventspils in 2015, Ventspils Mayor Aivars Lembergs (For Latvia and Ventspils) said in a press conference yesterday, cites LETA.

Grybauskaite discussed illegal work issues with head of International Labour Organisation

Grybauskaite discussed illegal work issues with head of International Labour Organisation

18.09.2014

President of Lithuania Dalia Grybauskaite met with the Director General of the International Labour Organisation, Guy Ryder, to discuss measures for boosting youth employment and fighting illegal work, the presidential press service said.

18.09.2014

Latvia and Poland: EU has enough resources to compensate farmers hit by Russia embargo

During a video conference today, Latvian Agriculture Minister Janis Duklavs and Polish Agriculture and Rural Development Minister Marek Sawicki said that if the European Commission would like to offer the appropriate support to the farmers hit by the Russian food embargo, the EU's agriculture budget would have the necessary resources, informs LETA/Nozare.lv.

18.09.2014

Estonian farmers distribute free milk

Estonian farmers held a milk action day on Wednesday in Tallinn, offering free milk to people in the central Vabaduse Square, to call people to consume more and to parliament members in Toompea to remind state leaders the need to support the dairy industry, LETA/Public Broadcasting reports.

18.09.2014

Latvian supermodel Ginta Lapina sues her agency

Latvian supermodel Ginta Lapina is involved in two lawsuits with her former agency, according to New York newspaper NY Daily News, cites LETA.

18.09.2014

Record-breaking shipment of grain headed from Lithuania to Iran

Record-breaking Post-Panamax category containership Piera left Klaipeda Seaport on Wednesday and is heading to Iran. It was loaded with the record amount of Lithuanian export grain – the biggest in the history of Klaipeda Seaport, informs LETA/ELTA.

17.09.2014

Riga Court overturns decision ordering NP Foods assets frozen

The Riga Regional Court overturned an earlier court decision ordering the authorities to freeze bank accounts of 25 companies involved in a legal dispute between NP Business Center and the Nordic Partners Limited group, which also includes NP Foods group companies, such as the joint-stock confectionery Laima.

17.09.2014

The EU Youth Guarantee to support job creation

The EU institutions agreed to create a special € 6 billion Youth Employment Initiative (YEI) financial support for those states and regions that experience high youth unemployment and inactivity. The Youth Guarantee is both a structural reform to drastically improve school-to-work transitions and a measure to immediately support jobs for young people. Two Baltic States are eligible to EU funding, i.e. Latvia and Lithuania.

17.09.2014

In 8 months, Lithuania's Grigiskes earns EUR 5.1 mln more y-o-y

According to pre-audited data during the eight months of 2014, the Group consisting of Grigiskes AB, Baltwood UAB, Klaipedos Kartonas AB, Mena Pak PAT, and Klaipeda Recycling UAB achieved the consolidate sales turnover of LTL 232.3 million (EUR 67.3 million). It is LTL 17.5 million (EUR 5.1 million) or 8.1% more than during the eight months in 2013, the group reported LETA/ELTA.

17.09.2014

President of Latvia sees Sweden as good cooperation partner in export

During a meeting with the visiting Crown Princess of Sweden Victoria today, President of Latvia Andris Berzins said that he sees Sweden as a good partner in finding new export markets in the future.

17.09.2014

Zdanoka voted against EU-Ukraine Association Agreement

European Parliament member Tatjana Zdanoka (Latvian Union of Russians) is the only MEP from Latvia who yesterday voted against the European Union's (EU) Association Agreement with Ukraine, which also includes the free trade agreement, as the voting results indicate.

17.09.2014

Latvijas balzams to produce special vodka dedicated to ''The Queen''

Latvian alcoholic beverage producer joint-stock Latvijas balzams will produce a special limited edition vodka called ''The Queen'', dedicated to the legendary rock-group ''Queen'', the group's guitarist Brian May said.

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