Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 17.06.2019, 00:23

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Foreigners have made half a million Tax Free purchases in Latvia

Foreigners have made half a million Tax Free purchases in Latvia

14.06.2019

According to the data summarized by the Tax Free Shopping concept creator Global Blue, during the last 20 years, tourists from 179 countries have done shopping in Latvia, making more than 520,000 purchases in our shops, informed Global Blue representative.

Keyword tags: Analytics, Financial Services, Latvia, Markets and Companies, Retail, Taxation, Tourism



A Year in the Klaipeda FEZ: 1.2 bn EUR in revenue, record-breaking sales, and paid taxes

A Year in the Klaipeda FEZ: 1.2 bn EUR in revenue, record-breaking sales, and paid taxes

14.06.2019

2018 was the best year in the Klaipeda FEZ, the total revenue of the 34 investors established in the zone was 1.239 bn EUR, a 20% increase over 2017. The last year also broke records in exports, purchases in Lithuania, as well as taxes paid.

Lithuania remains dependent on imported energy

Lithuania remains dependent on imported energy

14.06.2019

Lithuania used more energy resources last year, and the country remains dependent on imported energy, reported LETA/BNS.


Latvian Welfare Ministry shuts down family supports center Saulstari

Latvian Welfare Ministry shuts down family supports center Saulstari

13.06.2019

Due to a number of violations ascertained at family support center Saulstari (formerly children's home Likumi) in Sala Region's Selpils County, the Welfare Ministry has decided to close the center, as the ministry's deputy state secretary Jana Muizniece told Saeima Public Expenditure and Audit Committee citing LETA.

Latvian market of non-alcoholic beverages grew by more than a third in Q1 - Aldaris

Latvian market of non-alcoholic beverages grew by more than a third in Q1 - Aldaris

13.06.2019

During the first quarter of this year the Latvian market of non-alcoholic beverages expanded by more than a third, representatives of Latvia’s Aldaris brewery informed citing data from Nielsen research company, writes LETA.


12.06.2019

Rimi retail chain to launch online trade in Baltics by 2020

The Rimi retail chain plans to launch its online trade in the Baltic states by 2020, Gustav Fernstrom, marketing and business development director at Rimi says LETA/BNS.

11.06.2019

Cido Grupa becomes sole owner of Bauskas Alus brewery

Cidos Grupa beverages company has become the sole owner of Bauskas Alus brewery, representatives of the companies reported LETA.

11.06.2019

Estonian court orders Apotheka to immediately leave PERH

The Tallinn-based Harju County Court enforced its May decision ordering Terve Pere Apteek OU, owner of pharmacies of the Apotheka brand, to immediately vacate the premises it used at the North Estonia Medical Center (PERH) and compensate for the damage caused by the illegal occupation of the premises, according to the news portal of public broadcaster ERR reports LETA/BNS.

10.06.2019

Latvia: Troja wood processing company raises turnover 12.3% in 2018

Troja, a subsidiary of the largest Latvian wood processing company Latvijas Finieris (Latvian Veneer), turned over EUR 26.073 mln in 2018, up 12.3 % against a year before, while the company’s profit contracted 46 % to EUR 524,657, according to information available at Firmas.lv writes LETA.

10.06.2019

Businessmen winning Russia's state tenders work for Lithuania's strategic companies

Businessmen from Lithuania's port of Klaipeda, who win state tenders in Russia, also receive orders from Lithuania's strategic companies and the army, the investigation team from Lithuania's public broadcaster LRT has discovered, referred LETA/BNS.

10.06.2019

INVL Baltic Sea Growth Fund to invest up to EUR 30 mln into Grigeo cardboard business

INVL Baltic Sea Growth Fund, a private capital investment fund managed by INVL Asset Management, one of the largest asset management groups in the Baltic states, will invest up to 30 mln euros into Grigeo cardboard business, a leading paper and wood industry company for the Baltic region, reported LETA/BNS,

10.06.2019

Latvijas Maiznieks launches sales in Norway, Sweden and Finland

Bakery Latvijas Maiznieks launched sales in Norway, Sweden and Finland in May, as the company's board member Maris Daude told LETA.

07.06.2019

Amber Beverage Group set to become a 1 bn EUR company

Amber Beverage Group (ABG) reported a 15% global net revenue increase in fiscal year 2018. This was achieved by continuous expansion and development of ABG making it a truly global player in the production, distribution, retail sales and logistics of alcoholic beverages.

07.06.2019

Estonia: Magnetic MRO to raise up to EUR 8.95 mln additional capital

Tallinn-based aircraft maintenance company Magnetic MRO informed the stock exchange on Thursday that it has reached an agreement with investors to raise additional capital in the amount of up to 8.95 mln euros, informed LETA/BNS.

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