International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 08:21
According to Statistics Estonia, in September 2014, the producer price index of industrial output changed by 0.2% compared to August 2014 and by -2.0% compared to September 2013.
Keyword tags: Analytics, Estonia, Industry, Markets and Companies
The Ministry of Economy in Lithuania has summarized what tasks the country's institutions accomplished in September 2014 in an attempt to mitigate the impact of Russia's sanctions on businesses, informs LETA/ELTA.
The Ukrainian conflict has caused serious alterations in economy – business activity in Russia is hampered, however, Ukraine still offers excellent business opportunities, Girts Kronbergs, advisor to CEO of the Latvian Chamber of Commerce and Industry (LCCI), Janis Endzins, said in an interview with "Rietumu radio", writes LETA.
Managing Director of OÜ Krimelte Alar Salum said that their enterprise is aspiring to expand the geographic scope of its exports, and is targeting large Asian countries as potential new markets, writes Äripäev.ee/LETA.
Avoiding individual cases of Ebola outside Africa is impossible, as the people of the world are highly mobile, however, World Health Organization (WHO) experts believe that it is unlikely that there could be an epidemic outside Africa, as the head of the WHO Country Office-Latvia, Aiga Rurane, said in a press conference today, cites LETA.
Based on preliminary unaudited data, in the first half of 2014, normalised earnings of state-owned enterprises (SOE) in Lithuania totalled LTL 262.8 million (EUR 76.1 million), by 1.2% more year-on-year, informs LETA/ELTA.
AB Kauno Grudai instant noodles City Taste won an innovative product award at SIAL 2014 international food industry and beverages exhibition in Paris, informs LETA/ELTA.
Lithuanian and Kazakh representatives agreed over more active co-operation in order to boost cargo volumes transported between the two countries, including co-ordinated actions seeking to attract transit cargo from China, informs LETA.
The Food Bank (Maisto Bankas) campaign in Lithuania which took place on Friday and Saturday saw record high contributions, the organisers say.
Russia has decided to extend the range of meat products that may not be imported from the European Union, as the Russian Federal Service for Veterinary and Phytosanitary Surveillance Service Rosselkhoznadzor announced on Saturday, noting that several dangerous beef by-products would not be imported in Russia from October 21, reports LETA/NEWSRU.COM.
During a meeting on October 17th with Chinese Premier Li Keqiang on the sidelines of the EU-Asia Summit, President Andris Berzins proposed to expand the scope of economic cooperation, as well as strengthen cooperation in transportation and logistics, as well as in food exports, LETA was informed by the Presidential Press Service.
Prime Minister of Lithuania Algirdas Butkevicius attended the 10th Summit of the Asia-Europe Meeting (ASEM) in Italy. Together with other representatives of Nordic and Baltic countries he met with the Japanese Prime Minister Shinzo Abe, informs LETA/ELTA.
Latvijas Mobilais Telefons (LMT) turnover reached EUR 123 million in the first three quarters of this year; the company's EBITDA reached EUR 38 million, LMT spokeswoman Elina Lidere informed the business portal Nozare.lv, cites LETA.
State Culture Capital Foundation (SCCF) in the second stage of its culture program "Latvian Original Music" contest has distributed EUR 27,150, as Jana Verdina, spokeswoman of the SCCF, informed LETA.
In order to consolidate business management in the Baltics, a decision was made to establish a new holding company – Amber Beverage Group – that would unify the international alcoholic beverage company SPI Group companies, including Latvijas Balzams, the company's spokeswoman Dana Hasana informed the business portal Nozare.lv, cites LETA.