Markets and Companies

International Internet Magazine. Baltic States news & analytics Sunday, 17.12.2017, 23:41

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The value added created in the sports sector in Lithuania decreased by 4.5% in 2016

The value added created in the sports sector in Lithuania decreased by 4.5% in 2016

15.12.2017

Statistics Lithuania informs that, based on provisional data, in 2016, against 2015, the value added created in the sports sector decreased by 4.5% and amounted to EUR 263.2 million, or 0.8% of the country’s gross value added. The largest negative influence on the change was made by a decrease in the value added generated by the enterprises engaged in manufacture of transport equipment and gambling and betting activities.

Keyword tags: Analytics, Economics, GDP, Lithuania, Markets and Companies



European Structural and Investment Funds assist SMEs

European Structural and Investment Funds assist SMEs

15.12.2017

Numerous European funds play vital role in, generally, strengthening the EU Single Market, but also helping stats’ economies in supporting job creation and innovation. The number of EU-funded projects in the EU states doubled during last year.

Agricultural production in Lithuania totalled EUR 2.67 bln in 2017

Agricultural production in Lithuania totalled EUR 2.67 bln in 2017

15.12.2017

Statistics Lithuanian informs that in 2017, based on provisional data1, agricultural production at current prices totalled EUR 2.67 billion, or by 6.2% more than in 2016.


Citadele issues EUR 994,000 loan to Rigvir science center lab

Citadele issues EUR 994,000 loan to Rigvir science center lab

15.12.2017

Latvia’s Citadele bank has issued a EUR 994,000 loan to Rigvir holding company Latima for completion of science center laboratory, said Rigvir executive director Kristine Juckovica, cites LETA.

Investment in Lithuania's manufacturing industry down in 2017

Investment in Lithuania's manufacturing industry down in 2017

15.12.2017

Investments in Lithuania's manufacturing industry saw a slight decline this year, while the majority of heads of manufacturing companies do not expect the investments to change in 2018, shows a survey published by Statistics Lithuania, cites LETA/BNS.


15.12.2017

US egg imports permit would make Lithuania 3rd sanctioned country worldwide

Lithuania may become the third country worldwide after Canada and the Netherlands to be granted a permit to export egg products to the United States, Lietuvos Rytas daily said on December 15th, cites LETA/BNS.

15.12.2017

Latvian Saeima passes Healthcare Financing Law in the final reading

Saeima in Latvia passed the Healthcare Financing Law in the final reading yesterday, paving the way for the launch of a state mandatory health insurance system, reports LETA.

15.12.2017

Norway's Ekornes investing EUR 10 mln in Panevezys

Norway's furniture production group Ekornes is investing 10 million euros in furniture plant and distribution center in Panevezys, northern Lithuania. The group's IMG Group intends to create 125 new jobs in the Baltic state, writes LETA/BNS.

15.12.2017

Rigas Udens gets EUR 5 mln loan from Swedbank for infrastructure development

Swedbank and Rigas Udens municipal water utility have signed an agreement on a EUR 5 million loan, the bank reported LETA.

14.12.2017

The share of the service sector has grown in all Estonian counties

According to Statistics Estonia, 64%, i.e. the majority of the value added generated in the Estonian economy in 2016 was created in Harju county. The share of the service sector continues to grow, having increased in 2016 by more than 2 percentage points in most counties.

14.12.2017

Aldaris brewery starts exports to China, France, Netherlands

Latvia’s Aldaris brewery has started selling its products in China, France and the Netherlands, the company reported LETA.

14.12.2017

Number of employees in Latvia is highest in past 20 years

The number of registered employees in Latvia is the highest in the past 20 years, said State Employment Agency director Evita Simsone in an interview with commercial LNT television on December 14th, cites LETA.

14.12.2017

HKScan to invest EUR 8 mln in Rakvere meatpacking plant

The listed Finnish meat group HKScan next year is to invest approximately 8 million euros in the frying department of the Rakvere meatpacking factory and construction of the expansion is to commence in May 2018, informs LETA/BNS.

14.12.2017

Latvia posts EU's smallest increase in employment in Q2

During the 2nd quarter of 2017, Latvia recorded the smallest annual increase in employment among the European Union’s member states, writes LETA, according to the latest Eurostat data.

14.12.2017

80 Lithuanian MPs ask additional questions to the broadcaster LRT

Eighty Lithuanian parliamentarians asked additional questions to the council of the national broadcaster LRT, asking for more information about employee salaries, contracts with producer companies and lease of property, reports LETA/BNS.

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