International Internet Magazine. Baltic States news & analytics
Friday, 31.10.2014, 12:37
Statistics Lithuania informs that in III quarter 2014, country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to LTL 33777 million (EUR 9782.5 million) at current prices. Compared to the same period of 2013, the real GDP change, seasonally and working day adjusted, stood at 2.6%, compared to II quarter 2014, increased by 0.4%.
Keyword tags: Analytics, Economics, GDP, Lithuania, Markets and Companies
The unaudited consolidated profit before income tax of Apranga Group amounted to LTL 33.7 million (EUR 9.8 million) during the nine months of 2014, while Apranga Group has made the profit of LTL 33.1 million (EUR 9.6 million) in the same period of 2013 (an increase of 2.0 percent), the company announced LETA/ELTA.
Baltic States' largest grain producer Malsena buys Balti Veski, an Estonian company that produces cereal and other grain products using the Veski-Mati brand, LETA/Äripäev.ee reports.
Having analysed the results of financial (regularity) audits completed in 2014, the National Audit Office in Lithuania (NAO) summed up the most common errors and irregularities made in the public sector, informs LETA/ELTA.
The shareholders of Tallinn Stock Exchange-listed company Premia Foods approved at an extraordinary general meeting on Thursday of selling the ice cream and cold products business of Premia Foods to Latvian Food Union group owner Andrey Beskhmelnitskiy, LETA/Postimees Online reports.
Data of Central Statistical Bureau show that, compared to August, the total turnover of retail trade enterprises in Latvia in September 2014 dropped by 0.3%, according to seasonally adjusted data at constant prices.
Saeima decided in the final reading today to pass the Development Finance Institution Law that was proposed by the Finance Ministry, informs LETA.
Saeima in Latvia decided in the final reading today to pass amendments to the law that stipulate that a non-smoker's right to clean, unpolluted air, just as the right to be free from risks of ailments, take priority over the interests of those who smoke, informs LETA.
Ahlstrom, a high performance fiber-based materials company Ahlstrom, celebrates the inauguration of its Service Center in Vilnius, Lithuania, reports LETA/ELTA.
Dana Reizniece-Ozola (Greens/Farmers), who has been nominated for the economy minister's position in Latvia, promises to assess the opportunities of reducing support for large natural gas power stations, reports LETA.
According to a survey of finance directors at the largest Baltic companies conducted by SEB bank, companies in the Baltic States have become less optimistic about the business environment, reported BC the bank.
Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its third-quarter profit in 2014 was 151,000 euros, that is a 763,000 euros improvement compared to continued operations loss of same period in the prior year (-612,000 euros), informs LETA.
Mobile communications operator Bite Latvija (Bite) earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 3.4 million in the third quarter of 2014; this is 23% more than in the respective period of 2013, the company's director Fred Hrenchuk told the business portal Nozare.lv, informs LETA.
There is no reason to celebrate Latvia's position in the World Bank's latest "Doing Business" study, Latvian Chamber of Commerce and Industry board chairman Janis Endzins told the Nozare.lv business portal, cites LETA.
The Financial Crime Investigation Service in Lithuania (FNTT) has unmasked an international organised mob which was engaged in the shadow trade of luxury mobile phones Vertus and precious metals in the European Union (EU) and the Eastern countries, informs LETA/ELTA.