Markets and Companies

International Internet Magazine. Baltic States news & analytics Sunday, 28.05.2017, 05:46

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Estonian maker of skin bleach products eyeing Asian market

Estonian maker of skin bleach products eyeing Asian market

26.05.2017

Enterprise Estonia has given 18,000 euros to the manufacturer of peat based beauty products Turbliss OU to carry out research with a view to entering the Asian market, reports LETA/BNS.

Keyword tags: Baltic Export, Estonia, Health, Markets and Companies



E-residents can now open bank account without visiting Estonia

E-residents can now open bank account without visiting Estonia

26.05.2017

The Estonian e-residency program has launched a partnership with the Finnish financial technology company Holvi as a result of which e-residents of Estonia can set up a business and open a business current account over the internet.

Latvenergo begins selling natural gas to customers in Latvia

Latvenergo begins selling natural gas to customers in Latvia

26.05.2017

Joint-stock power utility Latvenergo's brand Elektrum has begun natural gas supplies to legal entities in Latvia, the company informed LETA.


Lux Express Latvia not too worried that Rail Baltica could take away a lot of passengers from bus companies

Lux Express Latvia not too worried that Rail Baltica could take away a lot of passengers from bus companies

26.05.2017

At the moment, bus companies are not too worried that the Rail Baltica railroad could take passengers away from buses, as Lux Express Latvia head Krisjanis Rekis told LETA.

Sarapuu hands in resignation

Sarapuu hands in resignation

25.05.2017

Tallinn Deputy Mayor Arvo Sarapuu on Thursday filed for resignation following his arrest as suspect in a criminal investigation into alleged irregularities in the waste handling business of Tallinn, reports LETA/BNS.


25.05.2017

Second container train sent from Riga to China

Tonight the second container train has started it way from Riga to China, said Latvian Transport Minister Uldis Augulis opening international conference TRANSBALTICA 2017 today.

25.05.2017

Lithuania's herbal tea maker Svencioniu Vaistazoles starts exports to Saudi Arabia

Lithuania's herbal tea producer Svencioniu Vaistazoles has sent the first containers with tea blends for babies to Saudi Arabia and expects to increase its exports by one-fifth this year, reported LETA/BNS on Thursday according to Verslo Zinios.

24.05.2017

Three Scandinavian banks loan EUR 60 mln to Telia Lithuania

Telia Lietuva, Lithuania's TV, Internet and mobile services provider that is majority owned by Sweden's telecoms group Telia Company, has received a 60-million-euro loan from three Scandinavian banks and will use the money to refinance a loan extended by Telia Company to Omnitel several years ago, reports LETA/BNS.

24.05.2017

Cargo transportation by Latvian rail drops insignificantly in May

Cargo transportation by rail in May reached 2.64 million tons so far, which is by 2 percent less than in the respective period last year, said Latvijas Dzelzcels state-owned railway company representative Maris Ozols, commenting on the recent media reports that Russia's state-owned railway monopoly is refusing most requests to take cargo from Russia to ports in Latvia, reports LETA.

24.05.2017

FY revenue of Kohila Vineer falls 20% to EUR 8.1 mln

OU Kohila Vineer, plywood manufacturing company of the Latvian Latvijas Finieris group in Estonia, saw its sales revenue decrease by 21.5% to 8.1 mln euros in 2016, while the loss for the period totaled 3 mln euros.

24.05.2017

Latvia starts paying extra aid to milk producers

The Latvian Rural Support Service today started paying conditional adjustment aid to dairy farmers granted in the amount of EUR 7 mln, the Rural Support Service announced LETA.

24.05.2017

Enterprise Estonia supports export of design based on cultural heritage with EUR 170,000

Tallinn Business Incubators has received 171,600 euros from Enterprise Estonia for activities leading to the emergence of designers of products based on cultural heritage and their success on the international market, reports LETA/BNS.

23.05.2017

TGW Logistics Group to set up engineering service centre in Kaunas

TGW Northern Europe, a unit of Austria-based TGW Logistics Group, is setting up an engineering service centre in Lithuania's second-biggest city of Kaunas, with plans to hire up to 100 information technology and system automation engineers over the next few years, Invest Lithuania said on Tuesday.

23.05.2017

One-fourth of our members do business with Russia - Latvian Chamber of Commerce

Regardless of the economic sanctions, about one-fourth of the members of the Latvian Chamber of Commerce and Industry (LTRK) still have business relations with Russian companies, LTRK Council Chairman Aigars Rostovskis told LETA after the visit of the LTRK delegation to Russia today.

23.05.2017

Riga City Council bans gambling in city's historical center

The Riga City Council today voted to ban gambling in the city's historical center, and the city council's Legal Department will start writing draft resolutions about closing of gambling halls in the said territory, informed LETA/BNS.

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