Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 00:10

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AmCham elects new Board

AmCham elects new Board

22.03.2019

On March 21, 2019, the American Chamber of Commerce in Latvia (AmCham) held its 26th Annual General Meeting (AGM) to review the past year’s activities and elect the Board of Directors, AmCham Latvia informed BC.

Keyword tags: Business, Latvia, Markets and Companies, USA



Lithuania's Vilniaus Duona sets eyes on Polish exports

Lithuania's Vilniaus Duona sets eyes on Polish exports

22.03.2019

Lithuania's bread producer Vilniaus Duona (Vilnius Bread) hopes to start exporting to Poland, according its director of commerce Arturas Kokoskinas told the Verslo Zinios business daily, referring LETA/BNS.

Lithuania's Maxima Grupe hands over management of Spain's Supersol

Lithuania's Maxima Grupe hands over management of Spain's Supersol

22.03.2019

Maxima Grupe (Maxima Group), the largest retail group in the Baltics, has handed over the management of the Spanish Supersol chain, having 196 shops in Spain, to the Luxembourg-based Carson Sarl which is indirectly owned by Nerijus Numavicius, the owner of Lithuania's Vilniaus Prekyba, and other related persons, according the Verslo Zinios business daily writes LETA/BNS.


Court initiates legal protection proceedings for Rigas Kugu Buvetava shipyard

Court initiates legal protection proceedings for Rigas Kugu Buvetava shipyard

22.03.2019

The Riga City Vidzeme District Court decided this week to initiate legal protection proceedings for Rigas Kugu Buvetava (Rigas KB) shipyard, the company said in a statement to Nasdaq Riga on Friday.

Ministry gives Usakovs one week to explain possible violations on the Riga City Council's part

Ministry gives Usakovs one week to explain possible violations on the Riga City Council's part

21.03.2019

The Environmental Protection and Regional Development Ministry has established a number of possible violations that Riga Mayor Nils Usakovs (Harmony) will have to explain in one week, the ministry informed LETA.


21.03.2019

Finnish postal co to cut jobs, relocate some to Tallinn

The Finnish postal service company Posti announced on Thursday that it is set to make 59 workers redundant instead of the earlier announced number of 106 and will relocate some jobs out of Finland, including to Tallinn, informed LETA/BNS.

21.03.2019

Baltic clothes retailer Apranga sets up subsidiary in Latvia

Apranga, the Baltics' leading clothing retailer, has established a subsidiary company in Latvia, named Apranga HLV, to operate Zara Home stores in the neighboring country, company said in a stock exchange release.

21.03.2019

Merko to build Orkla's new chocolate factory in Latvia for EUR 9 mln

SIA Merks, a company of listed Estonian AS Merko Ehitus group, has been declared preferred bidder in the procurement for the new chocolate factory construction works in Birznieki, Latvia, штащ

21.03.2019

Use of LTV studio by Russia Today poses security risks to Latvia's media environment - State Security Service

The use of Latvian Television’s (LTV) studio by Russian television channel Russia Today is unacceptable and poses risks to Latvia’s media environment, the State Security Service says LETA.

20.03.2019

Riga City Council plans to shut down all gaming venues in city

The Riga City Council is planning to shut down all gaming venues in the city, in both the downtown and in neighborhoods, the Riga City Council's Public Relations Department told LETA.

20.03.2019

UK wellness startup Urban set to open office in Vilnius

US wellness startup Urban is set to open a development office in Vilnius in the near future, Invest Lithuania said.

20.03.2019

56.7% of businessmen in Latvia believe government hampers business activity - survey

56.7% of businessmen in Latvia believe that the government's activities hamper business development, while 7.3% say that the government contributes to business development in Latvia, according to the Business Index released by Turiba University, referred LETA.

19.03.2019

Lidl Latvija raises share capital to EUR 56.5 mln

The share capital of Lidl Latvija, the operator of the Latvian stores of German retailer Lidl, was increased by EUR 21 mln, from EUR 35.5 mln to EUR 56.5 mln, last week, according to information available at Firmas.lv business website writes LETA.

18.03.2019

Kesko Senukai invests EUR 1.5 mln in renovation of store in Riga

Kesko Senukai Latvia has invested about EUR 1.5 million in renovation of its store on Maskavas Street, and will soon open a new concept specialized construction materials store for professionals, called Procenter, the company’s marketing head Aida Smits reported.

18.03.2019

Latvia’s Forevers meatpacker to invest up to EUR 1 mln in production plant upgrade

Latvia’s Forevers meatpacker plans to invest up to EUR 1 mln in production plant and equipment upgrade, LETA learned from the company.

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