International Internet Magazine. Baltic States news & analytics
Thursday, 02.07.2015, 03:57
Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Investments, Lithuania, Markets and Companies
According to Statistics Estonia, in May 2015 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices. While in April retail sales increased by 6% compared to the same month of the previous year, then in May the growth in retail sales accelerated slightly.
Agrowill Group AB, one of the largest investors in the agricultural sector in Lithuania, is launching a strategy for organic agricultural production under which all work on land controlled by the company will follow the principles of organic farming. The same principles will also apply to the livestock enterprises of Agrowill, writes LETA/ELTA.
Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its consolidated sales revenue for June 2015 totalled 4.328 million euros, increasing by 5% compared to continued operations revenue of the same period last year, reports LETA.
The world's leading glass packaging manufacturer, U.S. concern Owens Illinois opened on June 30th 2015 an extension of its glass packaging factory in Järvakandi, central Estonia, which among other things enables now to recycle sheet glass in Estonia, LETA/Public Broadcasting reports.
The Finance Ministry wants to introduce minimum social contributions in Latvia from 2016 – regardless of a person's salary, he or she, or the person's employer will have to pay a certain amount in social contributions, as Finance Minister Janis Reirs (Unity) said during a meeting with the Latvian Pensioners' Federation on June 30th 2015, informs LETA.
Benu aptieka network increased its profit by 53.5% in 2014 in Latvia, reports LETA, according to Firmas.lv information.
Estonian Ministry of Social Affairs sent a draft Tobacco Act to a round of approvals, which brings new shocking warning pictures on cigarettes packs starting May 20, 2016, informs LETA.
The Entrepreneurship Board of Estonia's capital Tallinn reminded people that starting July 1st 2015, the Tallinn City Council decree comes into force that restricts the retail sale of alcoholic beverages, informs LETA.
Data of Central Statistical Bureau show that, compared to April, the total retail trade turnover in May 2015 dropped by 0.9%, according to seasonally adjusted data at constant prices. Retail trade in food products declined by 1.6%, whereas turnover of non-food products – by 0.4%.
Data compiled by the Central Statistical Bureau of Latvia show that in 2014, the average forest regeneration costs in Latvia comprised EUR 557 – EUR 662 per hectare, depending on the forest land quality group (1).
Eesti Telekom's Director of Communications Kaja Sepp said that the abolition of roaming charges in the European Union could lead to price increases in Estonia, LETA/Estonian Public Broadcasting (ERR) reports.
According to information from the Latvian Presidency's Secretariat, over 800 journalists from over 40 countries visited Latvia to cover the country's EU Presidency events, informs LETA.
The unemployment rate in Latvia decreased 0.1 percentage points to 8.5% in June 2015, however, unemployment in Kurzeme province increased 0.5 percentage points, according to the State Employment Agency's data, cites LETA.
Whereas Estonian Liviko managed to increase its net earnings by 27% in 2014, exports of its products fell by more than 20%, writes Äripäev/LETA.