International Internet Magazine. Baltic States news & analytics
Friday, 29.04.2016, 15:03
According to Statistics Estonia, in March 2016, the production of industrial enterprises decreased by 5% compared to March of the previous year. Production decreased in the energy sector, mining and quarrying, and manufacturing.
Keyword tags: Analytics, Estonia, Industry, Markets and Companies
According to Statistics Estonia, in March 2016 compared to March 2015, the turnover of retail trade enterprises increased 3% at constant prices. While in January, the turnover increased 8% compared to the same month of the previous year and in February the growth decelerated to 5%, then in March the turnover growth decelerated even more.
Latvia's Rujienas Saldejums ice-cream maker in 2015 generated EUR 916,489 in sales, which is by 35% less from a year ago, reports LETA, according to Firmas.lv business database.
Atria Eesti, Estonian operation of the listed Finnish food group Atria, has sold its Linnamae pig farm in Laane County due to the need to save costs in the present economic situation, informs LETA/BNS.
President Dalia Grybauskaite met with Cecilia Malmstrom, EU Commissioner for Trade, to discuss the Transatlantic Trade and Investment Partnership negotiations between the EU and the United States and the EU’s relations with the Eurasian Economic Union, reported BC presidential press service.
During the Nordic Star festival everyone will have the opportunity to enjoy a special sampling menu created by the Chef for one evening only.
A new name of skilandis, a smoked meat product, has been included in the European Union's Register of Traditional Specialties – it will be called the Lithuanian Skilandis from now on, informs LETA/BNS.
Estonian companies in 2015 produced x 200 million euros' worth of ready-made foods of which almost a half was exported, it appears from a survey by the Ministry of Rural Affairs, reports LETA/BNS.
Maxima Grupe (Maxima Group), the operator of the largest retail chain in the Baltic countries, is strengthening its position in Bulgaria – it intends to take over 12 stores of the German-capital retail chain Penny that is leaving the market, informs LETA/BNS.
The bankrupt Estonian peat harvesting company Sangla Turvas whose assets are up for auction will stop producing peat briquette and lay off the remaining 16 workers as no bidders have turned up, informs LETA/BNS.
Data of the Central Statistical Bureau show that, as compared to 2014, in 2015, due to 15.8% decrease in price indices of livestock products, especially decline in milk prices, price indices of agricultural output decreased by 7.5%. Price indices of crop products grew by 2.3%.
The Estonian government has decided to raise to 40,000 euros the annual turnover threshold beyond which businesses are obliged to register as value added tax (VAT) payers, informs LETA/BNS.
No public procurement tender is threatened, and no tenders have been cancelled, the Finance Ministry in Latvia said today following media reports about major procurement deals being halted due to two new laws that still have not come into force, informs LETA.
Saeima in Latvia on April 28th supported in the second reading the bill drafted by the Ministry for Environment and Regional Development about the creation of the Latgale Special Economic Zone (SEZ) in eastern Latvia which could comprise 17 regions and Daugavpils, the second largest city in Latvia, informs LETA.
The Estonian government on April 28th introduced a new labor market service and job creation support proposed by the minister of health and labor, Jevgeni Ossinovski, which will be paid to employers who hire at least 20 jobless residents of East-Viru County within one month, reports LETA/BNS.