International Internet Magazine. Baltic States news & analytics
Thursday, 05.03.2015, 22:15
According to Statistics Estonia, in January 2015, the production of industrial enterprises increased by 2% compared to January of the previous year. Production increased in manufacturing and mining, but decreased in energy production.
Keyword tags: Analytics, Estonia, Good for Business, Industry, Markets and Companies
The Austrian capital Vienna has the highest quality of life of any city in the world, followed by Zurich in Switzerland and Auckland, New Zealand, according to a survey published Wednesday. The highest ranking Baltic city was Vilnius (79th), followed by Tallinn (88th), and Riga (89th), informs LETA/AFP.
Lithuanian construction company Mitnija and Lidl, one of Europe's largest retail companies, have signed an agreement for the construction of three grocery stores in Kaunas, reports LETA/ELTA.
Estonian business associations and trade unions said in a joint address on Thursday that the main task for the next government period should be significant improvement in effectiveness and updating the functioning of the state, LETA/Public Broadcasting reports.
Lithuanian Prime Minister Algirdas Butkevicius is applying to the Prosecutor General's Office in order to find out whether the recent statements made by the former chief of the Public Procurement Office regarding the preparation for EXPO 2015 are correct and investigate whether there really were any signs of corruption in the related public procurements, informs LETA/ELTA.
Latgale could have a television channel in the Russian language, Latvian Transport Minister Anrijs Matiss (Unity) said in an interview with the LNT show "900 sekundes" this morning, cites LETA.
OEG group company Olympic Casino Eesti AS has acquired business activity of operating two casinos from the Estonian casino operator Casino Cleopatra OÜ that increases the number of casinos OEG owns in Estonia to 20, OEG informed the Tallinn stock exchange, cites LETA.
The telecommunications company Bite reported revenue and other income of EUR 170 million for the year ended that on 31 December 2014, compared to EUR 176 million in 2013, reports LETA/ELTA.
EUR 5.3 million will be invested in the creation of the Baltic region's most modern bio-pharmaceutical center in Riga, LETA was informed by the Latvian Institute of Organic Synthesis.
The Ministry of Agriculture has prepared draft rules for the setting-up of young farmers based on 2014-2020 Lithuania's Rural Development Programme. In 2015, farmers may claim EUR 20 million from the European Union Structural Support, reports LETA/ELTA.
The plan of the Tallinn city government to ban the retail sales of alcohol on Sundays will be postponed because two alcohol retail companies have disputed the city government's decree in court and seek legal protection, LETA/Public Broadcasting reports.
In January 2015, compared with January 2014, the volume of retail trade increased by 6.7% in Latvia, which is the fifth best growth among the European Union member states for which data are available, according to latest information provided by Eurostat. In Lithuania, retail volume rose by 3.3%, but in Estonia – by 2.8%, writes LETA.
The total turnover for drug sales in Latvia in January 2015 reached EUR 29.28 million, the State Agency Of Medicine informed LETA.
Banking sector is an important contributor to jobs and growth in the EU through the support for SMEs. The sector already provides in the EU-28 about €4 trillion in loans, a big share of which goes to SMEs. In some of the states, the sector’s share in SMEs’ lending is about 30-40%. Seeking to rebuild Europe's economy, this channel of funding shall be supported and developed.
EU and Kazakhstan confirm the mutual interest in signing and ratifying the new Enhanced Partnership Agreement
The Cooperation Council between the European Union (EU) and Kazakhstan held its fourteenth meeting on Tuesday, 3 March 2015. The meeting was chaired by the Minister of Foreign Affairs of the Republic of Kazakhstan, Mr Erlan Idrissov. The delegation of the EU was led by Mr Edgars Rinkevics, Minister of Foreign Affairs of the Republic of Latvia, reports BC the Latvian MFA.