International Internet Magazine. Baltic States news & analytics
Sunday, 23.02.2020, 00:32
The number of merger reports submitted to the Competition Council over the past two years, 2018 and 2019, was by 63% higher than in 2016 and 2017, the Competition Council's representatives told LETA.
Keyword tags: Good for Business, Latvia, Markets and Companies, Mergers and take-overs
The Estonian Information System Authority (RIA) registered 251 cyber incidents during January, more or less the same as the average for the previous year, and the authority also said that a new type of financial fraud is spreading where criminals target the customer base of large companies with fake invoices, writes LETA/BNS.
The micro enterprise tax regime should be preserved, but changes are necessary, said Latvian Finance Minister Janis Reirs (New Unity) in an interview with the Latvian public radio today, referred LETA.
Provisional data of the Central Statistical Bureau (CSB) show that in 2019 the highest harvested production of grain was recorded – 3.2 mln t, which is 1.1 mln t or 1.5 times more than a year ago. The average grain yield per one hectare reached 42.6 ql., which is the second highest grain yield in the history of Latvia (44.9 ql. were harvested in 2015). Exports of grain reached the record amount as well – 2.8 mln t or EUR 518 mln.
Latvian celebrity chef Martins Ritins became head of the Biblioteka No1 restaurant in Riga on Wednesday, spokeswoman Margrieta Akmens informed LETA.
REHAUa family-owned polymer specialist with annual sales of around EUR 3.5 bn, is establishing a cutting edge production facility in Klaipeda, Lithuania. The facility, which will be located in Klaipeda Free Economic Zone (FEZ), will manufacture microduct systems for optical-fibre cables and is set to employ 55 specialists with a potential to expand in the future, informed Invest Lithuania.
Interchemie werken De Adelaar, a Dutch producer of veterinary medicines, will start production at the Kaunas Free Economic Zone in Lithuania, the LEZ said in a statement.