Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 26.05.2018, 20:15

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Intersurgical may invest EUR 10 mln in new plant in Lithuania

Intersurgical may invest EUR 10 mln in new plant in Lithuania

25.05.2018

Intersurgical, an international medical device manufacturer that owns a disposable respiratory care product factory in Prabrade, not far from Vilnius, plans to invest around 10 million euros in a new production facility in Visaginas, an eastern Lithuanian town where the shutdown Ignalina nuclear power plant is located, informs LETA/BNS.

Keyword tags: Good for Business, Investments, Lithuania, Markets and Companies, Medicine



Lithuania sees China as a priority food product export market

Lithuania sees China as a priority food product export market

25.05.2018

Prime Minister Saulius Skvernelis says that Lithuania is ready to continue its cooperation with China and sees the world's largest country by population as one of its key agricultural and food product export markets, reports LETA/BNS.

NIB, LHV launch EUR 20 mln program to finance SMEs in Estonia

NIB, LHV launch EUR 20 mln program to finance SMEs in Estonia

25.05.2018

The Nordic Investment Bank (NIB) and Estonia's AS LHV Pank have signed an agreement to launch a 20 million euro loan program for onlending to small and medium-sized enterprises (SMEs) in Estonia, informs LETA/BNS.


IMF describes wage pressure as biggest threat for Estonia's outlook

IMF describes wage pressure as biggest threat for Estonia's outlook

25.05.2018

The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue in the medium term at close to 3.5%, whereas the main risk for the outlook is wage pressure which is not accompanied by growth in productivity, informs LETA/BNS.

Lithuania hosts 16+1 forum of China-CEE agriculture ministers

Lithuania hosts 16+1 forum of China-CEE agriculture ministers

25.05.2018

Vilnius is hosting on Friday a forum of agriculture ministers from China and 16 Central and Eastern European countries, marking the first-ever meeting within the 16+1 framework in Lithuania, informs LETA/BNS.


24.05.2018

Nord Stream 2 releases 90,000 young atlantic salmon as the compensation Measure in Russia

Nord Stream 2, the developer of the twin pipeline to supply Russian natural gas to the EU market through the Baltic Sea, released 90,000 young Atlantic salmon into rivers in the Russian part of the Gulf of Finland as compensation for potential temporary damage to fisheries during construction of the Nord Stream 2 Pipeline in Russian waters. This initiative is part of the complex Environmental and Community Initiatives Strategy developed by Nord Stream 2 for Russia, and is being implemented in cooperation with FGBU Glavrybvod and under the control of the Northwest branch of the Federal Fishery Agency.

24.05.2018

Number of economic units rose in Estonia in 2017

In 2017, there were approximately 158,000 economically active units in Estonia. 3,000 units were added, which is as many as in 2016. Considering legal form, the picture looks different – growth in the number of companies picked up and the number of non-profit associations decreased for the first time.

24.05.2018

Estonian eAgronom raises EUR 500,000 from customer investors

Estonian farm management software startup eAgronom has raised 500,000 euros from farmers, who have now become the company's investors, informs LETA/BNS.

24.05.2018

Maxima Latvija invests EUR 250,000 in first Express convenience store in Riga

The Maxima Latvija supermarket chain has invested EUR 250,00 in opening up its first Maxima Express convenience store in Riga, the company's spokeswoman Liene Dupate-Ugule told LETA.

24.05.2018

9% employees in Latvia work from home on a daily basis

17% work from home several days a month, representatives of Bonava Latvija dwelling house developer told LETA, citing a survey of employees, reports LETA.

24.05.2018

Personal Data Processing Law is coming into force in EU on May 25, 2018

In a modern world, which is constantly changing because of new technologies and communication methods, the significance of personal data protection is growing rapidly. Every person wants to have a guarantee, that his private information will not be disclosed to third parties. In order to achieve this goal, General Data Protection Regulation (hereinafter – Regulation) was adopted to set common requirements for processing personal data in the EU. Regulation shall come into force from 25 May 2018, that’s why it’s important to prepare in advance.

24.05.2018

EU Commission released its recommendations to Baltic States

The European Commission recommends that Lithuania improve tax collection, the quality of the education system and the tax and benefit system. The tax burden for low income earners in Latvia has been reduced, but still remains relatively high compared to other EU member states, European Commission Vice President Valdis Dombrovskis said during a press conference, informs LETA.

24.05.2018

OECD recommends Latvia to avoid unnecessarily strict approach in application of Commercial Law

Latvia should try to avoid unnecessarily strict application of Commercial Law, and should apply modern approach to Commercial Law, said the Organization for Economic Cooperation and Development (OECD) in its report presented at the parliament on May 23rd, informs LETA.

23.05.2018

New rules for organic farming: a new Regulation is on the way

After the Council approved the Regulation draft for the organic farming in the member states, the Commission made a statement concerning modernisation of the sector and the harmonisation of rules covering organic production both within the EU and in non-EU countries. Once adopted, the new rules will enter into force in January 2021. The Baltic States agro-policy shall take this trend seriously.

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