Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 01.06.2020, 04:59

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LTV7 will no longer broadcast minority content from 2021

LTV7 will no longer broadcast minority content from 2021

29.05.2020

From January 1, 2021, Latvian Television Channel 7 (LTV7) will no longer broadcast minority content, the chairman of the National Electronic Mass Media Council (NEPLP) Ivars Abolins said on May 29th, cites LETA.

Keyword tags: Baltic States – CIS, Latvia, Markets and Companies, Technology, Telecomunications



In Q1, GDP in Estonia fell by 0.7%

In Q1, GDP in Estonia fell by 0.7%

29.05.2020

According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros.

In May, business environment in Latvia was negative in services sector and construction, positive – in retail and industry

In May, business environment in Latvia was negative in services sector and construction, positive – in retail and industry

29.05.2020

Data of business tendency surveys[1] carried out by the Central Statistical Bureau (CSB) show that, in May 2020, as compared to April, business confidence indicators continued to reduce in construction and services sector, but slightly improved – in retail trade and industry.


Lithuania's alcohol consumption down to 11.1 liters in 2019

Lithuania's alcohol consumption down to 11.1 liters in 2019

29.05.2020

Lithuania's legal alcohol consumption per person aged 15 years and over amounted to 11.1 liters last year, down by 0.1 liters from 11.2 liters in 2018, according to preliminary figures released by the country's statistics office, Statistics Lithuania, on May 29h, cites LETA/BNS.

The Coronavirus Has Not Stopped the Global Trade of Forest Products

The Coronavirus Has Not Stopped the Global Trade of Forest Products

29.05.2020

The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months.


29.05.2020

Apromore and Nortal to bring open-source process mining to Estonia

Apromore, the only commercial open-source solution in the global process mining market, and Nortal, a multinational strategic change and technology company, are delighted to announce their partnership to bring Apromore's leading-edge process mining technology into Nortal's comprehensive solutions portfolio in the field of business analytics and optimization.

29.05.2020

Jurmala will not have any Blue Flag beaches this summer

The Latvian coastal resort city of Jurmala will not have any Blue Flag beaches this summer, as the city's local government has decided to leave the program, LETA found out from the Jurmala City Council.

28.05.2020

Revealed World's Top 10 Sharing Economy Friendly Cities - Riga comes 2nd!

Today, the Consumer Choice Center launched its Sharing Economy Index highlighting some of the world's most dynamic cities by their sharing economy friendliness.

28.05.2020

Estonian government eases restrictions related to COVID-19

The Estonian government on Thursday decided to ease restrictions related to COVID-19 in the field of travel, public events, the organization of sporting events, and education, reports LETA/BNS.

28.05.2020

In April, retail trade turnover in Latvia fell by 9% y-o-y

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2019, in April 2020 total retail trade turnover reduced by 9.0%. Turnover of retail trade in food products declined by 3.5%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 14.9%, but turnover of retail sale of automotive fuel – by 5.3%.

28.05.2020

Burger King restaurant in Riga to be opened at Akropole shopping center

The Estonian ferry operator Tallink Grupp announced on Thursday that the first Burger King restaurants in Latvia and Lithuania will be opened in the Akropole shopping center in Riga and the Akropolis mall in Vilnius in the second half of this year, the company informed LETA.

28.05.2020

Cleveron eyeing Latvia, Lithuania with project put on hold in Estonia

Estonian software and technology company Cleveron, which offered to develop a nationwide network of parcel lockers combined with bus shelters in Estonia, has partnered with the company Pristis to find an opportunity to develop such networks in Latvia and Lithuania instead, according to the regional newspaper Sakala information reporte LETA/BNS.

28.05.2020

Latvijas Balzams considering producing disinfectants also in the future

Latvijas Balzams, the largest producer of alcoholic beverages in Latvia, is considering continuing the production of disinfectants even after the state of emergency caused by Covid-19, if the regulation allows and there will be demand, Intars Geidans, chairman of the company's board, told LETA.

28.05.2020

Competition Council brought 13 cartels to a close over past 5 years in Latvia

Over the past five years, the Competition Council brought thirteen cartels involving 64 companies to a close, imposing a total of EUR 3.5 million in fines, the Competition Council in Latvia informed LETA.

28.05.2020

State must continue to offer support to residents to curb increase in unemployment - Rutkaste

The state must continue to provide support to residents in order to limit the rapid growth in unemployment, Uldis Rutkaste, head of the Monetary Policy Department of the Bank of Latvia, said in an interview with Latvian Radio on Thursday.

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