Markets and Companies

International Internet Magazine. Baltic States news & analytics Sunday, 02.08.2015, 19:23

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British Sports Direct to unveil first shop in Riga on 1st August

British Sports Direct to unveil first shop in Riga on 1st August

31.07.2015

Britain's leading sports retailed Sports Direct will unveil its first shop in Latvia at the ''Olimpia'' shopping mall in Riga tomorrow, the shopping center's spokeswoman Zane Sulca informed LETA.

Keyword tags: EU – Baltic States, Good for Business, Latvia, Markets and Companies, Retail



In June, the volume of industrial production in Estonia decreased by 3%

In June, the volume of industrial production in Estonia decreased by 3%

31.07.2015

According to Statistics Estonia, in June 2015, the production of industrial enterprises decreased 3% compared to June of the previous year. Production decreased in manufacturing and energy production but increased in mining.

In June, the growth in retail sales in Estonia accelerated even more

In June, the growth in retail sales in Estonia accelerated even more

31.07.2015

According to Statistics Estonia, in June 2015 compared to June of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased 6% in April and 8% in May compared to the same month of the previous year, whereas in June the retail sales growth accelerated even more.


It’s proposed to raise fine for wages paid under the table to EUR 2,100 in Latvia

It’s proposed to raise fine for wages paid under the table to EUR 2,100 in Latvia

31.07.2015

The Justice Ministry in Latvia is suggesting to raise the fine for wages paid under the table to EUR 2,100, informs LETA.

Lido achieved EUR 33.16 mln in turnover in 2014

Lido achieved EUR 33.16 mln in turnover in 2014

31.07.2015

The popular Latvian catering company joint-stock Lido increased turnover by 17% in 2014 to EUR 33.16 million, reports LETA, according to Firmas.lv.

31.07.2015

Swedbank issues EUR 11 mln loan to Kekava and Lielzeltini

Swedbank has issued more than EUR 11 million to Latvian poultry companies Putnu fabrika Kekava and Lielzeltini, which will use the loan over a period of three years in order to renovate poultry farms, modernize processing plants, and purchase new equipment, reports LETA, according to the bank's board member Reinis Rubenis.

31.07.2015

Estonian PM and Service Industry Association discussed the e-residency programme

At his meeting with representatives of the Estonian Service Industry Association on July 28th, Prime Minister Taavi Rõivas said that the Government is firmly committed to developing both the business environment and competitiveness, and that he greatly appreciates the support of entrepreneurs and their willingness to engage in the process, reports BC governmental press service.

31.07.2015

Commission supports farmers affected by the Russian ban

The European Commission is aware of the challenges faced by EU’s agro-producers and is expected to provide assistance. EU farmers will get support for dairy, fruit and vegetables sectors affected by the Russian ban: safety measures will be extended into 2016.

31.07.2015

Latvian Radio fined EUR 8,000 over profanities on piece.lv broadcasts

The National Electronic Mass Media Council on Thursday unanimously supported fining Latvian State Radio over profanities in live broadcasts aired on the radio's Program 5 (LR5) and on Pieci.lv, as the council's spokeswoman Agnese Berga told LETA.

31.07.2015

China advises Lithuanian companies to make clusters

A delegation of the Chinese Ministry of Commerce has visited the Lithuanian Ministry of Economy, informs LETA/ELTA.

31.07.2015

Grybauskaite: Russia continues to act as an aggressor

Sanctions against Russia, which were introduced one year ago, have proven to be efficient and sent very clear signals in Russia and in the international arena, says Lithuanian President Dalia Grybauskaite, stressing that Russia continues to act as an aggressor, reports LETA/ELTA.

31.07.2015

OEG acquired the business activity of Italian VLT slot operator

Estonian casino operator OEG group company Jackpot Game S.r.l. has acquired business activity of operating two VLT slot casinos from the Italian VLT casino operator Pasquale Di Gaetano – Judica Concetta and sons sas, OEG informed the Tallinn Stock Exchange, cites LETA.

31.07.2015

EcoMin: main hindrance in obtaining loans is shadow economy in Latvia

Banks are prepared to issue loans to healthy companies, however, the main hindrance for companies to obtain loans is problems related to the shadow-economy, the Latvian Association of Commercial Banks points out, commenting Economy Minister Dana Reizniece-Ozola's (Greens/Farmers) recent statements that Latvian banks' lending policies are too passive, and thus hinder Latvia's economic growth, informs LETA.

31.07.2015

EU prolonging help for farmers hit by Russia food ban

The European Union will continue providing support into next year for farmers hard-hit by a Russian ban on European food exports, the bloc's executive said on July 30th, 2015, cites DPA/LETA.

31.07.2015

Maxima Latvija achieved EUR 674.35 mln in turnover in 2014; profits down by 21%

Maxima Latvija, which operates the chain of Maxima supermarkets in Latvia, achieved EUR 674.35 million in turnover last year, which was by 0.13% more than the previous year, when the company achieved EUR 673.47 million in turnover, reports LETA, according to the company's financial report.

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