Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 25.04.2015, 15:29

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Common market for genetically modified products: reviewing decision-making

Common market for genetically modified products: reviewing decision-making

24.04.2015

The Commission’s review on the authorisation of Genetically Modified Organisms (GMOs) for food and feed confirms the need for changes by the national governments in accepting the use of EU-authorised GMOs for animal and/or human consumption. The Commission proposes to amend existing EU laws to confer the states more freedom to restrict, prohibit or use of EU-authorised GMOs on their territory.

Keyword tags: Education and Science, EU – Baltic States, Law and Regulations, Legislation, Markets and Companies



Improving standard of living shifted Lithuania's economic structure towards advanced countries

Improving standard of living shifted Lithuania's economic structure towards advanced countries

24.04.2015

The structure of Lithuania's economy has clearly changed in the long run. In the last 20 years, the share of the agriculture sector in Lithuania's GDP fell threefold, from 11-12% in 1995-1996 to 3.4% in 2014. The share of the industrial sector (including extraction and energy industry) in GDP has not decreased and accounted for 23-24%, writes LETA/ELTA.

Narvesen Baltija turnover, profit increases in 2014

Narvesen Baltija turnover, profit increases in 2014

24.04.2015

Convenience store chain Narvesen Baltija posted EUR 64.05 million in turnover last year, reports LETA, according to Firmas.lv.


Stockmann in Latvia operated with EUR 176,932 in losses in 2014

Stockmann in Latvia operated with EUR 176,932 in losses in 2014

24.04.2015

Retail trade company Stockmann operated with EUR 176,932 in losses in 2014, according to ''Firmas.lv'', cites LETA.

Eesti Pank: volume of housing loans continues to grow steadily in Q1

Eesti Pank: volume of housing loans continues to grow steadily in Q1

24.04.2015

The total volume of loans and leases to Estonian companies and households was 3% larger in March 2015 than a year earlier; the loan and lease portfolio increased by 43 million euros during the month to 15.3 billion euros, Estonia's central bank Eesti Pank said in its fresh financial sector statistics, cites LETA.

24.04.2015

Chancellor of Lithuanian government meets with head of OECD

Chancellor of the Lithuanian Government Alminas Maciulis met in France with Angel Gurria, Secretary General of the Organisation for Economic Co-operation and Development (OECD). The meeting addressed the OECD Council's invitation to Lithuania to begin OECD accession process, reports LETA/ELTA.

24.04.2015

Latvian Brivais vilnis halts production for summer

The Latvian fish processing company Brivais vilnis plans to temporary halt its production in order to carry out maintenance works at the factory, according to the company's announcement submitted to the "Nasdaq" Riga Stock Exchange, reports LETA.

24.04.2015

Lithuanian Vilniaus Baldai posts profit of EUR 800,000 in Q1

In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000, informs LETA/ELTA.

24.04.2015

UPM expands Estonian Otepää plywood mill

Finnish forest industry company UPM announced that it strengthens its position as the leading plywood manufacturer in Europe and expands the Otepää plywood mill in Estonia, reports LETA.

24.04.2015

Tallinna Vesi sales increased by 2% in Q1

The city of Tallinn's water utility AS Tallinna Vesi informed the Tallinn Stock Exchange that during the first quarter of 2015, the sales have gone up compared to the same period in 2014, increasing 2.0% to 13.57 million euros, informs LETA.

24.04.2015

Assessing the inclusion of agriculture and forestry in climate change policy in EU

On 22-23 April 2015, during the Latvian Presidency of the EU Council, the Latvian Ministry of Agriculture hosted a meeting of the Expert Group on Agriculture, Forestry and Other Land Use (AFOLU) in Riga, reports BC ministry’s press service.

24.04.2015

Microenterprise tax in Latvia set at 9% for first 3 years after company is established

Following amendments to the Microenterprise Tax Law that Latvian Saeima passed in the final reading today, the microenterprise tax will be 9% during a three-year period after a microenterprise is established, informs LETA.

24.04.2015

German entrepreneurs anticipate good opportunities in Lithuania

Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region, reports BC Invest Lietuva.

24.04.2015

Latvian Saeima approves of higher excise tax on alcoholic beverages in principle

Saeima in Latvian on April 23rd approved of the amendments in the first reading that stipulate higher excise tax rate on alcoholic beverages as of July 1, 2015, informs LETA.

24.04.2015

Lithuania guilty too for Norway's salmon consignment stuck at border with Russia

Dr Jonas Milius, Director of Lithuania's State Food and Veterinary Service (VMVT), says that Norway's salmon consignment which was stuck at the border with Russia and now is returned back to Lithuania should have been checked more carefully in Lithuania, re[orts LETA/ELTA.

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