Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 26.09.2018, 16:10

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Baltic mill to invest EUR 10 mln in Baltic plants

Baltic mill to invest EUR 10 mln in Baltic plants

26.09.2018

Lithuanian Baltic Mill, the parent compamy of Latvia’s Rigas Dzirnavnieks grain mill, plans to invest EUR 10 mln in its Baltic plants in the coming years to strengthen their positions in the market, the company reported LETA.

Keyword tags: Baltic, Good for Business, Investments, Latvia, Markets and Companies



Ukraine's pet food maker Kormotech to build plant in Lithuania

Ukraine's pet food maker Kormotech to build plant in Lithuania

25.09.2018

Kormotech, a leading Ukrainian pet food manufacturer, plans to build a new production facility in the central Lithuanian town of Kedainiai, Invest Lithuania said.

Margus Sameli to start work as director of Enterprise Estonia's tourism development center

Margus Sameli to start work as director of Enterprise Estonia's tourism development center

25.09.2018

Margus Sameli, who has a longstanding international communications business background, is to start work as the new director of Enterprise Estonia's tourism development center.


Estonia's Tere dairy group to restart skimmed milk powder export to Japan

Estonia's Tere dairy group to restart skimmed milk powder export to Japan

25.09.2018

The Estonian dairy group Tere AS after a break of some years will restart the export of skimmed milk powder to Japan, the first shipment will be sent out to the Japanese large corporation Marubeni in October, reported LETA/BNS.

Magnus Braun to start work as head of Estonian Oil Association

Magnus Braun to start work as head of Estonian Oil Association

25.09.2018

The management board of the Estonian Oil Association elected Magnus Braun, sworn advocate at the Lextal law office, as the organization's new chief executive.


24.09.2018

Lithuanian ESO EUR 200 mln. tender is on it’s way

Preparation for the tender of smart electricity meters by Lithuanian energy distribution system operator Energijos Skirstymo Operatorius (ESO) which is a part of SOE Lietuvos Energija, has received great attention of Lithuanian and international potential producers and suppliers. By implementing a unique public procurement to acquire a smart accounting system (smart meters, information systems for their control and data collection) the Company has invited companies to become familiar with the smart accounting development plans ESO informed BC.

24.09.2018

Danish company receives merger clearance

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 50% of UAB Farmers Circle Danish shares and joint control by the Danish investment company ASGAARD together with the Danish company IDAVANG, Konkurencijos taryba representative informed BC.

21.09.2018

Estonia's fishing quotas in NW Atlantic to increase next year

The fish harvesting quotas of Estonia in Northwest Atlantic will be bigger for several fish species next year, it was agreed at the annual meeting of the Northwest Atlantic Fisheries Organization (NAFO) held in Tallinn from Monday to Friday, informs LETA/BNS.

21.09.2018

Infortar buys Tallink shares for EUR 500,000

The investment company Infortar controlled by Enn Pant, Kalev Jarvelill and Ain Hanschmidt, the biggest shareholder of listed shipper Tallink Grupp, bought additionally Tallink shares for over 500,000 euros, informs LETA/BNS.

21.09.2018

Germany's Kaufland has no plans to expand to Lithuania

German retail group Schwarz Gruppe, operating Kaufland retail chain, says it has no plans to enter the Lithuanian market, informs LETA/BNS.

21.09.2018

Wind energy lowering electricity price to near-zero in Estonia

The electricity price in price area Estonia of the Nordic electricity exchange Nord Pool Spot will in great probability drop to 2.4 euros per megawatt-hour on the night between Friday and Saturday as a result of high output of wind energy, informs LETA/BNS.

20.09.2018

Number of cigarettes released for consumption in Latvia up 0.04%

In January-July 2018, 1.099 bln cigarettes were released for consumption in Latvia, up 453,000 cigarettes or 0.04% from the respective period in 2017, according to the information from the Excise Goods Administration of the Latvian State Revenue Service informs LETA.

20.09.2018

Lithuania needs to develop its electricity capacity – study

Lithuania needs to develop its efficient electricity capacity to ensure the reliable operation of its energy system in the future, according a study by the country's scientists, informs LETA/BNS.

20.09.2018

Production of alcoholic drinks in Latvia up 41.8%

Production of alcoholic drinks, except beer, amounted to 29.26 mln liters in Latvia in January-July 2018, up 41.8% from January-July 2017, informs LETA referring to the information from the Excise Goods Administration of the Latvian State Revenue Service.

20.09.2018

Beer production in Latvia down 8.2%

With 48.26 mln liters of beer produced in Latvia in the first seven months of 2018, beer production in Latvia dropped 8.2% from the same period a year ago, according to the Latvian State Revenue Service's data on excised goods informs LETA.

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