Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 22.02.2017, 10:20

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Government considers suing Grindex shareholders over sale of the company's state-owned shares

Government considers suing Grindex shareholders over sale of the company's state-owned shares

21.02.2017

The government considers taking two large shareholders of Latvia's Grindex pharmaceutical group to court for selling the company's state-owned shares, allegedly causing a EUR 2 mln loss to the state as a result.

Keyword tags: Financial Services, Industry, Latvia, Legislation, Markets and Companies, Medicine



UniPark buys Citypark Eesti

UniPark buys Citypark Eesti

21.02.2017

Stova, a Lithuanian company that provides car parking services under the UniPark brand, has purchased Citypark Eesti, the owner of around 6,500 parking spaces in Tallinn, reports LETA/BNS.

Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

21.02.2017

The municipal water supplier Vilniaus Vandenys (Vilnius Water) sold its headquarters in Vilnius' Old Town to the Danish-owned property developer Asgaard Property for 3.9 mln euros in an auction on Tuesday.


Electricity prices in Lithuania drop w-o-w as demand falls

Electricity prices in Lithuania drop w-o-w as demand falls

20.02.2017

Electricity prices across the Baltic Sea region went down last week as demand for power declined due to improved weather conditions, Litgrid said LETA/BNS on Monday.

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

20.02.2017

The only Latvian construction companies that at the moment meet the requirements on companies that want to apply for building a new prison in Liepaja are the joint-stock company UPB and Re&Re, both in terms of turnover and having the industrial security certificate, as LETA has found out.


20.02.2017

Estonian Alexela's Paldiski LNG terminal not granted EU funding

The Estonian Alexela Group failed to secure EU funding for its project to build a liquefied natural gas (LNG) terminal in Paldiski in last year's round of calls for energy proposals but plans to go ahead with the project and raise private capital if necessary, reports LETA/BNS.

20.02.2017

Estonian defense contractor Milrem enters into partnership with UAE's defense industry

The Estonian defense contractor Milrem has signed a memorandum of understanding with IGG Aselsan Integrated Systems (IAIS), a joint venture of the United Arab Emirates' International Golden Group and Turkey's Aselsan, informes LETA/BNS.

20.02.2017

Latvia earned EUR 8.5 mln from Estonians' alcohol purchases

The Estonian Institute of Economic Research (EKI) estimates that approximately EUR 8.5 mln of revenue generated by Estonians' alcohol purchases flowed into the Latvian state budget last year, writes LETA/BNS.

20.02.2017

Estonian IT company Helmes wins software tender of OECD

The Estonian software company Helmes has won a framework tender for information systems development of the Organization for Economic Cooperation and Development, reports LETA/BNS.

20.02.2017

Orkla Confectionery&Snacks Latvija boosts zephyr export to 52%

Orkla Confectionery&Snacks Latvija has increased exports of Maigums zephyrs to 52 percent of the zephyr output, and the increase has been ensured by rise of sales in such markets as Israel, Ireland and Greece, the company reported LETA.

17.02.2017

Health Inspectorate says new Stradins Hospital wing ready to be put in operation

The Health Inspectorate has concluded after inspecting the new wing of Pauls Stradins Clinical University Hospital that the new facility may officially open as the past faults ascertained at the building have been solved, as the inspectorate told LETA.

17.02.2017

Russian startup aims to build small-scale LNG terminals around Baltic Sea

Alongside Gazprombank-controlled Cryogas, which supplies LNG to Eesti Gaas, LNG Gorskaya, a relatively small privately-owned Russian energy company, is entering the Baltic LNG sector with plans to build small-scale LNG terminals around the Baltic Sea to deliver fuel to ships sailing in the sea, the business daily Verslo Zinios reported on Friday writes LETA/BNS.

17.02.2017

Lithuanian move to ban RTR Planeta broadcast in line with EU law

The Lithuanian decision to ban broadcasts of the Russian television channel RTR Planeta for instigation of hatred is not in violation of the European Union's (EU) law, the European Commission said on Friday, writes LETA.

17.02.2017

Russian veterinary authority restores Estonian food industry firms' export permits

The Russian food safety and veterinary authority Rosselkhoznadzor has restored the export permits of those Estonian food industry companies that had not exported to Russia in the last three years or longer, writes LETA/BNS,

16.02.2017

Joona Saluveer picked for new CEO of Eesti Post

The supervisory board of Eesti Post, the Estonian postal services and logistics company operating under the Omniva brand, elected on Thursday Joona Saluveer the next chief executive of the company, reports LETA/BNS.

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