Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 21.05.2019, 05:58

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Lithuania's Achemos Grupe posts EUR 16.5 mln in loses in 2018

Lithuania's Achemos Grupe posts EUR 16.5 mln in loses in 2018

20.05.2019

Achemos Grupe (Achema Group), one of the largest business groups in Lithuania, suffered a consolidated audited net loss of 16.5 mln euros last year after earning 29.670 mln euros in profits a year earlier, informed LETA/BNS.

Keyword tags: Industry, Lithuania, Markets and Companies



Where does our honey come from?

Where does our honey come from?

20.05.2019

In 2018, the EU Member States imported 208 000 tonnes of natural honey (‘honey’) from non-EU Member States in 2018, worth 452 million EUR. In contrast, in 2018 just 21 000 tonnes of honey were exported by the EU Member States outside the EU, informed Eurostat.

Restrictions set by Riga City Council on gambling halls in historical center are in line with Constitution – court

Restrictions set by Riga City Council on gambling halls in historical center are in line with Constitution – court

17.05.2019

The Riga City Council’s decision not to allow opening a gambling hall in Riga meets the Latvian Constitutions, the Constitutional Court ruled, reported LETA/BNS.


Estonian regulator launches environmental impact assessment for offshore fish farming

Estonian regulator launches environmental impact assessment for offshore fish farming

17.05.2019

The Estonian Consumer Protection and Technical Regulatory Authority launched an environmental impact assessment of the building rights of Saaremere Kala, a subsidiary of the listed producer and seller of fish products AS PRFoods, which has applied for building rights to establish an offshore fish farming complex in the Estonian coastal waters in the northern part of Tagalahe bay situated on the north coast of the island of Saaremaa, informed LETA/BNS.

Bordans to initiate no-confidence vote in Prosecutor General Kalnmeiers

Bordans to initiate no-confidence vote in Prosecutor General Kalnmeiers

17.05.2019

The Justice Ministry has discovered indications in the work of Prosecutor General Eriks Kalnmeiers suggesting that Kalnmeiers does not meet the requirement for impeccable reputation, Justice Minister Janis Bordans (New Conservative Party) told the press today, referred LETA.


17.05.2019

European Space Agency opens Estonian satellite data center in Tallinn

The European Space Agency opened the Estonian center for satellite data in Tallinn, informed LETA/BNS.

17.05.2019

Estonian president appoints Kert Kingo minister of foreign trade, IT

Estonian Prime Minister Juri Ratas and Kert Kingo, candidate for the post of minister of foreign trade and IT, met on Thursday with the Estonian President, Kersti Kaljulaid, who endorsed Kingo's candidacy. Kingo took her oath of office at a meeting of the Riigikogu, which started at 10 a.m., and headed then on to acquaint herself with the Ministry of Economic Affairs and Communications, reported LETA/BNS.

16.05.2019

Estonia: Levira produces picture for Telia LIVE channel with AI cameras

Digital services provider Levira and telecommunications company Telia concluded an agreement for the collaborative production of high-technology TV broadcasts in sports and entertainment. As a result, the Telia LIVE channel will show the first sports competition to use Levira’s artificial intelligence (AI)-powered cameras for providing a live broadcast in Estonia.

16.05.2019

Latvia: State Police detains a group of persons for distribution of illegal television

In suspicion of committing a criminal offence, the Economic Crime Enforcement Department of the Central Criminal Police Department of the State Police detained four persons who from 2013 to 2019 privately ensured provision of illegal television services to their range of customers in Riga and territory of Pierīga.

16.05.2019

Estonia: Finnish SOK group planning 2 new hotels in Tallinn

The Finnish retail group SOK, which owns the Prisma Peremarket retail chain and Sokos Hotel Viru, is planning to build two new hotels in Tallinn, according to the news portal of Estonian public broadcaster ERR reports LETA/BNS.

16.05.2019

Olainfarm pharmaceutical group raises sales 14% in four months of 2019

During the first four months of 2019, Latvia’s Olainfarm pharmaceutical group raised sales 14% y-o-y to EUR 47.3 mln, according to the group’s unaudited consolidated results for January-April 2019, informed representative of the Olainfarm.

16.05.2019

Shadow economy proportion in Latvia at 24.2% last year

During a conference today dedicated to the shadow economy situation in the country, Stockholm School of Economics in Riga (SSE Riga) Professor Arnis Sauka said that the proportion of shadow economy in Latvia rose by 2.2 %age point last year to 24.2%.

15.05.2019

IKEA starts testing e-trade system in Lithuania

Swedish furniture producer and seller IKEA has started testing an e-trade system. At this stage, registered ikea.lt consumers and members of the IKEA FAMILY loyalty program have the possibility to buy online, according the Verslo Zinios business daily writes LETA/BNS.

15.05.2019

Vejonis to become first ex-president to not receive state-provided apartment

After the Incumbent President Raimonds Vejonis' term of office expires, he will become the first ex-president who will not receive a state-provided apartment, Arnis Salnajs, head of the President's Chancery, told Saeima Public Expenditure and Audit Committee, writes LETA.

14.05.2019

Lithuania's Rimi Lietuva ups losses 6% to EUR 3 mln in 2018

Rimi Lietuva, operating one of the largest retail chains in Lithuania, posted a loss for the second in a row. Its audited net losses rose 6.4% to 2.995 mln euros, from 2.814 mln euros in 2017, informed LETA/BNS.

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