Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 03.09.2014, 05:12

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Consumption of renewable sources in Latvia reduced by 2.5% in 2013

Consumption of renewable sources in Latvia reduced by 2.5% in 2013

02.09.2014

Data compiled by the Central Statistical Bureau of Latvia show that, in 2013 renewable energy sources (RES) in Latvia comprised 68 gigajoules. In comparison with 2012 RES consumption fell by 2.5%.

Keyword tags: Analytics, Energy, Latvia, Markets and Companies



EcoMin: by 2020 unemployment to drop to 6.4% in Latvia

EcoMin: by 2020 unemployment to drop to 6.4% in Latvia

02.09.2014

By 2020, the number of persons employed will increase by 50,000, whereas the unemployment level will slip to 6.4%, according to the informative report on medium and long-term prognoses for the labor market by the Latvian Ministry of Economy (ME), cites LETA/Nozare.lv.

Estonia records EU's highest increase in producer prices in July

Estonia records EU's highest increase in producer prices in July

02.09.2014

Producer prices in Latvia increased by 0.4% in July 2014 from June, which was the third highest increase among the European Union member states for which data are available. The highest month-on-month increases in producer prices were recorded in Estonia – 1.7%, and Cyprus – 1.1% reports LETA, referring to the EU statistical office Eurostat.


Latvian government approves EU Structural and Investment Funds program for Cohesion Policy

Latvian government approves EU Structural and Investment Funds program for Cohesion Policy

02.09.2014

Today, the government of Latvia approved the European Union's (EU) Structural and Investment Funds for growth and jobs in 2014-2020, outlining the Cohesion Fund priorities, goals, and the attainable results, reports LETA.

Revenue of Lithuanian Agrowill Group in H1 grew to 12 mln

Revenue of Lithuanian Agrowill Group in H1 grew to 12 mln

02.09.2014

The total consolidated revenue of Agrowill Group, AB for the six months of 2014 was LTL 41.891 million (EUR 12.132 million). For the six months of 2013 the total consolidated revenue of Agrowill Group, AB was LTL 18.618 million (EUR 5.262 million), reported LETA/ELTA the company.

02.09.2014

President: Liepajas metalurgs will be unable to repay its entire debt

It will be impossible for creditors to retrieve the entire amount of money they lent to the now-defunct Liepajas metalurgs, President Andris Berzins told Latvian State Television this morning, informs LETA.

02.09.2014

The Latvian Embassy in UAE starts work

The Embassy of Latvia has started work in Abu Dhabi, the capital of the United Arab Emirates (UAE) with Head of Mission, Chargé d’Affaires a.i., Rūdolfs Brēmanis. The Latvian Embassy will temporarily be located in the premises of the Danish Embassy, informs Latvia MFA.

02.09.2014

New horizon for China, Central-Eastern Europe cooperation

The second China-Central and Eastern European Countries (CEEC) Local Leaders' Meeting concluded here on Friday, with a Chinese delegation headed by Vice Premier Zhang Gaoli having had comprehensive exchanges with leaders and delegates from the 16 countries in the region, reports BC Chinese Embassy in Riga.

02.09.2014

Fazer Group moves production from Tallinn to Ogre and Kaunas

In order to increase the efficiency of its production process, Finnish bakery Fazer plans to invest EUR 5 million into its subsidiary in Latvia by establishing a new plant in Ogre. At the same time, the Group plans to implement various changes in its production process in the entire Baltic region by moving its production facilities from Tallinn to Latvia and Lithuania, Managing Director at Fazer Bakery Baltic Petri Kujala informed the business portal Nozare.lv, cites LETA.

02.09.2014

Alise Aleksandra "Kickstarts" new unique acrylic glass and wooden handbag line

A young fashion designer from Latvia Alise Aleksandra is proud to present the new collection inspired by the architecture and nature. The designer is planning to base the label both in Latvia and London, UK, reports Alise Aleksandra Pavara.

02.09.2014

New case of African swine fever detected in Lithuania

According to the State Food and Veterinary service, a new, already sixth, case of African swine fever (ASF) has been confirmed in a village in Ignalina District, Naujasis Daugeliskis Parish in Lithuania, reports LETA/ELTA.

01.09.2014

China's economy faces challenges despite steady performance

China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months of 2014, said a senior economic official in Beijing on Wednesday.

01.09.2014

In July, the growth in retail sales in Estonia accelerated even more

According to Statistics Estonia, in July 2014 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased by 4% in May and 7% in June compared to the corresponding month of the previous year, whereas in July the retail sales growth accelerated even more.

01.09.2014

Lithuanian Apranga’s retail turnover grew by 15% in August y-o-y

The retail turnover (including VAT) of the Apranga Group, a group of apparel retail companies, amounted to LTL 67.8 million (EUR 19.6 million) in August 2014, and has increased 15.0% in comparison to August 2013. This is a record monthly turnover of Apranga Group in history, informed LETA/ELTA the company.

01.09.2014

Snaige turnover made EUR 21.5 mln in H1

AB Snaige, engaged in manufacture and sales of refrigerators and freezers, achieved an EBITDA of LTL 3.3 million (EUR 955 thousand) as in the first half of 2014 despite LTL 74.4 million (EUR 21.5 million) turnover (according to unaudited consolidated financial results) caused by the dramatic events in Ukraine, informs LETA/ELTA.

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