Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 13.08.2020, 03:18

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Latvian imports of forestry products decrease 8% in H1

Latvian imports of forestry products decrease 8% in H1

12.08.2020

In January-June 2020, Latvia imported EUR 442.704 mln worth of forestry products, which is 8% less than in the first half of 2019, according to information released by the Agriculture Ministry writes LETA.

Keyword tags: Latvia, Markets and Companies, Woodwork



Latvijas Dzelzcels aims to increase transportation of grain by 5-10% in 2020

Latvijas Dzelzcels aims to increase transportation of grain by 5-10% in 2020

12.08.2020

Latvijas Dzelzcels (LDZ, Latvian Railways) aims to carry 5 to 10 percent more grain cargo than last year, the national rail company's spokeswoman Ella Petermane informed LETA.

Latvian FinMin proposes starting tax reform by introducing mandatory health insurance payment

Latvian FinMin proposes starting tax reform by introducing mandatory health insurance payment

12.08.2020

The Finance Ministry proposes reforming Latvia's tax system in three stages, introducing in the first stage a mandatory 5 percent health insurance payment without increasing the overall labor tax burden but instead redistributing the rates of state social security contributions, personal income tax and solidarity tax, LETA was told at the ministry, informs LETA.


Punch Drinks seeking to raise up to EUR 400,000 through crowdfunding

Punch Drinks seeking to raise up to EUR 400,000 through crowdfunding

12.08.2020

Estonian alcoholic cocktail and soft drink producer Punch Drinks began a campaign on the Funderbeam crowdfunding platform on Wednesday, seeking to raise up to 400,000 euros, informs LETA/BNS.

Estonians' consumption back at last year's levels in July

Estonians' consumption back at last year's levels in July

12.08.2020

The turnovers of bankcard transactions by Estonian consumers had climbed back to the level of 2019 in July, it appears from bankcard statistics by SEB, cites LETA/BNS.


12.08.2020

Gambling turnover in Latvia falls 52% in H1

Latvian lottery and gambling companies' revenue from gambling fell 52 percent on year to EUR 70.424 million in the first half of 2020, informs LETA, according to the Lotteries and Gambling Supervisory Inspection of Latvia.

11.08.2020

Government in Latvia approves regulations for introduction of bottle deposit system

The government in Latvia on August 11th approved the new Deposit System Operation Regulations, which determines the terms of acceptance, collection, processing, preparation and re-use of deposit packaging, special instructions for deposit packaging and conditions of use, and a number of other issues related to the operation of the system, informs LETA.

11.08.2020

Latvian Government approves easing restrictions for indoor gatherings, caterers and cultural events

The Cabinet of Ministers today approved the Health Ministry's proposal to further ease Covid-19 restrictions from August 17, increasing the number of people allowed to gather indoors from 500 to 1,000 and relaxing requirements for catering establishments, as well as cultural, sports and religious venues, informed LETA.

11.08.2020

Over 200 event technical services providers stage picket outside Latvian Culture Ministry

Over 200 people representing event technical service companies gathered by the Culture Ministry building today to protest over the government's failure to support the industry during the Covid-19 crisis, LETA observed.

11.08.2020

Latvian UPB saw 9.6% increase in turnover in 2020

Construction and manufacturing company, joint-stock UPB, achieved EUR 183.765 million in turnover last year, which was 9.6 percent more than in 2018, while the company's profits fell by 8.7 percent to EUR 8.734 million, writes LETA, according to Firmas.lv.

10.08.2020

In July, annual inflation in Latvia made 0.5%

The latest data of the Central Statistical Bureau (CSB) show that in July 2020, compared to July 2019, the average level of consumer prices* increased by 0.5 %. Prices of services went up by 1.6 %, while prices of goods didn’t change.

10.08.2020

Exports in Estonia reached last year’s level in June 2020

According to Statistics Estonia, in June 2020, compared to June 2019, the exports of goods remained at the same level and imports decreased by 8%. In the second quarter of 2020, exports decreased by 15% and imports by 18% year on year.

10.08.2020

Tartu mayor recommends wearing masks indoors

Tartu Mayor Urmas Klaas said in a video statement issued to residents of Tartu on Saturday that it is highly recommended to wear a mask indoors, informed LETA/BNS.

10.08.2020

Latvian Kronis vegetables processing company expects slight increase of turnover in 2020

Latvian food-processing company Kronis this year plans a slight increase of turnover, the company's co-owner and board member Aivars Svarenieks told LETA.

10.08.2020

Survey: Estonia's health trails visited by 1/3 of residents

A survey commissioned by the Estonian Health Trails Foundation (SA Eesti Terviserajad) and carried out by pollster Kantar Emor shows that health trails in Estonia have knowingly been visited by one-third of Estonia's residents, writes LETA/BNS.

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