Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 23.06.2017, 18:39

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Substantial increase in demand for shashlik, cheese, beer and wine during Ligo! holidays

Substantial increase in demand for shashlik, cheese, beer and wine during Ligo! holidays

22.06.2017

ccording to retailers questioned by LETA, there has been a substantial increase in demand for shashlik (marinaded BBQ meat), cheese, beer and wine for the midsummer Ligo! holidays.

Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail



Usakovs keeps post of Riga mayor

Usakovs keeps post of Riga mayor

22.06.2017

Harmony party leader Nils Usakovs has been elected as the Riga mayor for the third term.

Kieler Woche draws cruise ships

Kieler Woche draws cruise ships

22.06.2017

The Kieler Woche sailing regatta - the biggest maritime folk festival and sail sport event in northern Europe – is a big draw for cruise ships as well as many other vessels. Between the 17th and the 25th of June Kiel expects visits by a total of fifteen different luxury liners. One particularly special sight for thousands of onlookers was this Wednesday (June 21st.) when Cunard’s “Queen Elizabeth” and P&O’s “Arcadia” berthed side by side at the Ostseekai Cruise Terminal.


Purchases by Klaipėda FEZ companies exceeded EUR 200 million in Lithuania

Purchases by Klaipėda FEZ companies exceeded EUR 200 million in Lithuania

22.06.2017

In 2016, investors operating in Klaipėda Free Economic Zone (FEZ) purchased goods and services for EUR 200,5 mln from Lithuanian suppliers, 1,9% more than a year ago. Last year was the first time when purchases by FEZ companies in Lithuania exceeded EUR 200 mln.

airBaltic Exhibits CS300 at Paris Air Show

airBaltic Exhibits CS300 at Paris Air Show

22.06.2017

The Latvian airline airBaltic from June 19 till June 21, 2017 participated in the world’s largest and oldest aviation exhibition Paris Air Show by presenting the CS300 aircraft in Bombardier exhibition pavilion. During the Paris Air Show the chief executive officer of airBaltic Martin Gauss personally met and presented the CS300 aircraft to Canadian government representatives, airBaltic representative informed BC.


22.06.2017

Liviko increased its economic success due to Latvian border trade

In 2016, the audited consolidated net turnover of AS Liviko, producer and seller of quality alcohol, was 129.7 mln euros and the company paid 70.6 mln euros in alcohol excise. The audited consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of AS Liviko group was 5.8 mln euros and the net profit was 4 mln euros. The audited consolidated net turnover of AS Liviko grew by 8% in comparison with 2015, with a net profit of 42%, AS Liviko informed BC.

21.06.2017

Digitalisation in economy and society: new Eurostat publication

More and more businesses conduct their activity electronically: they interact online with partners and customers. The internet has become the cornerstone for their e-business operations as it provides limitless capacities to connect people and businesses worldwide. New Eurostat publication shows some vital statistics.

21.06.2017

Nortal issued bonds for 15 million euro to boost expansion

The 15 million euro bond issue of Nortal, the multinational strategic change and technology company, which was fully subscribed by institutional renowned investors, will support the rapid growth of the business and be used for refinancing the existing obligations. Bonds were issued with five-year maturity and 5% coupon rate, Nortal announced.

21.06.2017

Connected Baltics and Buildit Hardware Accelerator announce a strategic partnership

Connected Baltics OÜ, the exclusive SIGFOX operator in Estonia and Buildit Accelerator, one of the first accelerators in Europe with a focus on physical devices (hardware in combination with software), today announce a new strategic partnership. The partnership will combine Connected Baltics’s IoT nation-wide network coverage and expertise with Buildit Accelerator’s companies to deliver new solutions for increasing IoT market locally and worldwide, Connected Baltics and Buildit Accelerator informed BC.

21.06.2017

Dissatisfaction with wages in Estonia has increased

Despite an increase in wages and an improvement in coping, the dissatisfaction of employees with their wages has increased on year, figures from a survey published by the Salary Information Agency on Wednesday show LETA/BNS.

21.06.2017

Ventspils-based companies seek EUR 8.3 mln compensation for lost Nord Stream revenue

Two companies Ventspils-based companies - Noord Natie Ventspils Terminals and Baltijas Ekspresis - are asking the Cabinet of Ministers to compensate them for the revenue they have lost because of the government’s refusal to allow the Freeport of Ventspils to participate in Nord Stream 2 gas pipeline project, LETA was told at the Baltic Association – Transport and Logistics (BATL).

21.06.2017

Small Planet Airlines to introduce one more A320 in their fleet

Lithuanian leisure carrier Small Planet Airlines expanded its fleet by adding one more Airbus aircraft in the beginning of this summer. In total fleet consists of 22 Airbus 320 and Airbus 321 aircraft. All of them are already booked for the summer season. During this period Small Planet Airlines plans to carry 1 million passengers, companies representative informed BC.

20.06.2017

Russian rail car manufacturer UWC to set up service center in Estonia

United Wagon Company (UWC), a major Russian manufacturer of railcars, is to open a service center for freight cars in Estonia.

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