Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 31.07.2014, 06:18

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''Douglas Baltic'' profits EUR 27 million

''Douglas Baltic'' profits EUR 27 million

29.07.2014

Cosmetics and perfume retail company ''Douglas Baltic'' achieved EUR 27 million in consolidated turnover last year, which was 3.7 %more when compared to the company's previous financial year, informs NOZARE.LV/LETA.

Keyword tags: Financial Services, Good for Business, Latvia, Lithuania, Markets and Companies



Consolidated revenue of Lithuanian Co BAIP group up by 41 % in Q2

Consolidated revenue of Lithuanian Co BAIP group up by 41 % in Q2

29.07.2014

In the second quarter of 2014 consolidated revenue of BAIP group according to preliminary data reached EUR 4.257 million – 41% increase, compared to the same period last year - EUR 3.015 million. BAIP group EBITDA (earnings before interest, taxes, depreciation and amortization) also increased by 41% and reached EUR 0.338 million. In the same period last year EBITDA amounted to EUR 0.24 million, said the company in a statement, informs ELTA/LETA.

Estonian casino operator OEG profit grew in H1

Estonian casino operator OEG profit grew in H1

29.07.2014

Estonian casino operator Olympic Entertainment Group (OEG) informed the Tallinn Stock Exchange that in the first half of 2014, its consolidated net profit attributable to equity holders of the parent company totalled EUR 10.3 million compared to EUR 9.7 million a year ago, informs LETA.


Bus Riders Get Drinks of Cold Water During Heat Wave in Vilnius

Bus Riders Get Drinks of Cold Water During Heat Wave in Vilnius

29.07.2014

Fare enforcers around the world aren’t especially known for their charitable instincts, but the City of Vilnius is encouraging a gentler, kinder type of enforcer with a touch of empathy, reported BC Irma Juskenaite, Head of Public Relations Division, Vilnius City Municipality.

Fireblight confirmed in an orchard in Jelgava Region

Fireblight confirmed in an orchard in Jelgava Region

28.07.2014

Fireblight, a dangerous fruit tree disease, has been confirmed in Jelgava Region's Vilce County after samples from two fruit trees were taken for laboratory tests, informs LETA reffering to the State Plant Protection Service representative Dace Udre.

28.07.2014

SEB, DNB Banks grant EUR 30mn for Lithuanian Co Linas Agro Group's subsidiary

SIA Linas Agro, a subsidiary of AB Linas Agro Group, has refinanced its existing liabilities and attracted new capital to develop its business in Latvia. The credit line for working capital in the amount of 30 million euros has been granted by SEB and DNB banks in Latvia within the scope of the club loan with SEB Banka being the leading bank of the transaction. The funding is secured in equal parts - 15 million euros by each bank, says the company in a statement, informs ELTA/LETA.

25.07.2014

Lithuania considers declaring nationwide state of emergency due to African swine fever

Lithuania is considering declaring a state of emergency in the entire country on Monday due to an outbreak of African swine fever at the "Idavang" pig breeding complex, Minister of Agriculture Virginija Baltraitiene announced. Currently, the state of emergency has been declared in Ignalina Region, reports ELTA/LETA.

25.07.2014

Estonia will face a major milk fine

Estonian Minister of Agriculture Ivar Padar told Postimees that Estonia is likely to face a 10-14 million euro milk fine for exceeding the European dairy quota next spring, informs LETA.

25.07.2014

PKN Orlen should foremost take on responsibility itself - Dalia Grybauskaite

According to President Dalia Grybauskaite, Lithuania has offered quite substantial concessions to PKN Orlen, which owns Mazeikiai based petroleum refinery, and this company should assume responsibility for its actions, informs ELTA/LETA.

25.07.2014

Investors interested in cogeneration power plant projects - Lithuanian Co Lietuvos Energija

The state-controlled energy group Lietuvos Energija, which develops new cogeneration power plant projects in Vilnius and Kaunas, has attracted particular interest of potential partners with 24 legal entities from 10 different states expressing an interest to participate in the development of power plant projects. Following an assessment of the results of a non-binding survey, which lasted from 20 June to 23 July, an official and open procedure for the selection of partners will be announced later, says Lietuvos Energija in a statement, informs ELTA/LETA.

25.07.2014

"Pasazieru vilciens" yet to decide whether to buy or lease new trains

The new board of "Pasazieru vilciens" will soon decide whether to buy new trains or lease them, informs NOZARE.LV/LETA reffering to CEO of "Pasazieru vilciens" Andris Lubans.

24.07.2014

"Depo" turns over EUR 151.9 million in 2013

Construction supplies dealer "Depo DIY" turnover amounted to EUR 151.9 million in 2013, informs NOZARE.LV/LETA reffering to information provided by "Firmas.lv".

24.07.2014

Prime Minister of Latvia Laimdota Straujuma approves of halt to "Pasazieru vilciens" train procurement deal

Prime Minister Laimdota Straujuma (Unity) approves of the decision by the new board of the joint-stock company "Pasazieru vilciens" (Passenger Train) to halt the new train procurement deal, informs LETA reffering premier's press secretary Dzeina Tamulevica.

24.07.2014

Danske Bank saw turnover and net profit fall in Estonia

The net profit of Danske Bank Estonia fell to 20.8 mln euros in the first half of this year from 28.6 million euros at the same time last year, informs LETA reffering to Postimees Online.

24.07.2014

Veterinary Service halts pork imports from Lithuania

After an outbreak of African swine-fever in one of the largest pig farms in Lithuania, the Food and Veterinary Service has halted the import of several pork product categories, including fresh pork meat, frozen pork, as well as various pork product - sausages, ground pork, packaged pork etc, informs NOZARE.LV/LETA.

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