Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 25.07.2016, 20:47

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New owner of Bite invests in Baltcom

New owner of Bite invests in Baltcom

25.07.2016

U.S. investment company Providence Equity Partners (Providence), which is the new owner of Bite mobile operator, has also invested in Latvia's Baltcom TV and Internet services provider, reports LETA.

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



Revenue of Estonian sealants maker Krimelte down 11.8% in 2015

Revenue of Estonian sealants maker Krimelte down 11.8% in 2015

25.07.2016

The turnover of the Estonian producer of insulating foams and sealants Krimelte fell 11.8 % to 84.1 mln euros last year after a 17.8% growth in 2014, reports LETA.

Lithuania's BPO House to do bookkeeping for Norway's Oug

Lithuania's BPO House to do bookkeeping for Norway's Oug

25.07.2016

BPO House, Lithuana's company of rental of business processes with two thirds of its clients being foreign-capital companies, has signed a three-year contract on accounting services with Norway's Oug accounting company, lrytas.lt news portal said, informs LETA/BNS.


Superbus to discontinue operations in Estonia

Superbus to discontinue operations in Estonia

23.07.2016

Citing administrative decisions, Superbus announced on Friday that it has to suspend all operational activities in Estonia, including the operation of the Riga-Tallinn bus route, after July 31, 2016, reports LETA/BNS.

Preilu Siers profit falls 29% in 2015

Preilu Siers profit falls 29% in 2015

22.07.2016

Joint-stock dairy company Preilu Siers posted EUR 62.64 mln in turnover last year - a 23% increase on EUR 50.63 mln turnover in 2014, according to Firmas.lv, writes LETA.


21.07.2016

Rietumu: after Brexit Latvia could pretend for registering companies from Britain

Currently, the attention of all those who work and conduct business in a united Europe is being paid to the behaviour of British authorities after Brexit. If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.

20.07.2016

LMT turnover increases 13.3% in H1

Telecommunications operator Latvijas Mobilais Telefons (LMT) achieved a 13.3% increase in turnover in January-June as compared to the first half of 2015, the company informed LETA.

19.07.2016

Euronews launches a new, totally revamped version of its website, euronews.com

Euronews unveils its revamped website euronews.com, offering an original user experience, based on the concept 'All Views'. Through a 'responsive web design' interface, the new website meets consumer needs and habits, in information-seeking across all types of platforms, BC informs Lydie Bonvallet Head of Press and Public Relations.

19.07.2016

Estonian cheesemaker Estover boosts net profit by 11 pct

The Estonian dairy company Estover Piimatoostus saw sales revenue decline by a tenth to 24.2 mln euros last year but managed to increase net profit by 11% to 2.5 mln euros regardless of a significant drop in raw milk and dairy product prices, informs LETA/BNS.

19.07.2016

Former Revenue Service head Petersone becomes executive director at Rigas Vilni

The former State Revenue Service head Inara Petersone becomes executive director at the Rigas Vilni publishing house on Monday, July 18, reports LETA.

18.07.2016

Balticovo doubles 2015 profit due to high egg prices in export markets

Latvian egg producer Balticovo last year generated EUR 45.9 mln in turnover, up 7 % from 2014, when the company's turnover was EUR 42.8 mln, and showed a profit of EUR 5.6 mln at a more than double growth compared to the 2014 profit of EUR 2.15 mln.

18.07.2016

FY revenue of Sorainen group climbs 6 pct to EUR 9.3 mln

Consolidated revenue of the Sorainen AS legal services group increased 6 % year over year to 9.3 mln euros in 2015 and profit grew 13 % to 2.6 mln euros.writes LETA/BNS.

18.07.2016

Estonia ranks top of EU for compliance with common market rules

Estonia is one of the European Union member states the most successfully implementing the rules of the EU common market, whereas one of the areas where Estonia has room for improvement is public procurements, writes LETA/BNS.

18.07.2016

Eften acquires Domina shopping center in Riga, Latvia

EfTEN Kinnisvarafond II AS and KanAm Grund Kapitalverwaltungsgesellschaft mbH today announced BC that EfTEN has acquired the Domina Shopping Center from KanAm.

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