Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 02.07.2020, 16:09

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Emergency situation in Estonia saw number of frequent online shoppers growth 80%

Emergency situation in Estonia saw number of frequent online shoppers growth 80%

02.07.2020

A study carried out by pollster Kantar Emor in Estonia shows that the emergency situation prompted by the coronavirus brought about a surge in the number of online shoppers as well as their shopping frequency, and the number of people who often shop online grew by 80% compared with the April-May 2019, cites LETA/BNS.

Keyword tags: Covid-19, Estonia, Internet, Markets and Companies, Technology



Govt to allocate EUR 1.5 mln for organization of WRC stage in Estonia

Govt to allocate EUR 1.5 mln for organization of WRC stage in Estonia

02.07.2020

The Estonian government at a sitting on Thursday approved the allocation of 1.5 mдn euros to the Ministry of Culture for the organization of a World Rally Championship (WRC) stage in Estonia,

Estonian SMEs: State has excluded small businesses from crisis plans

Estonian SMEs: State has excluded small businesses from crisis plans

02.07.2020

The Estonian Association of Small and Medium Enterprises (EVEA) said it finds it unacceptable that discussions on recovery measures are currently planned without small businesses, which play a key role in the economy and on which it depends how quickly the economy recovers from the crisis, reported LETA/BNS.


Lithuania‘s media watchdog mulls following Latvia’s suit in banning RT TV channels

Lithuania‘s media watchdog mulls following Latvia’s suit in banning RT TV channels

02.07.2020

Lithuania's media watchdog, the Radio and Television Commission of Lithuania (LRTK), is considering following Latvia’s suit in banning TV channels of RT group controlled by Russia’s state but the decision will only be taken after the Ministry of Foreign Affairs publishes its opinion on the application of the European Union’s (EU) sanctions, Mantas Martisius, the commission’s chairman, has said LETA/BNS.

Number of poultry kept by Balticovo reached 3.1 mln in 2020

Number of poultry kept by Balticovo reached 3.1 mln in 2020

02.07.2020

The number of poultry kept by egg and egg product producer Balticovo has reached 3.1 mln this year, compared to 2.8 million poultry places last year, Toms Auskaps, Director of Communication and Development at Balticovo, told LETA.


01.07.2020

In 2019, rise in forest regeneration and tending costs observed in Latvia

Data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2019, the average forest regeneration costs in Latvia comprised 705–860 EUR/ha, depending on the forest land quality group*. In 2018, these costs constituted 509–669 EUR/ha, while in 2017 those were 438–567 EUR/ha. Forest regeneration costs include expenditure on soil preparation, sampling expenses and planting costs.

01.07.2020

Rujienas ice cream maker saw 16.7% increase in turnover in 2019

SIA Rujienas Saldejums ice cream makers achieved EUR 2.71 million in turnover last year, which was 16.7% more than the previous year, writes LETA, according to Firmas.lv.

01.07.2020

Head of Estonian Health Board's emergency medicine department resigns

Martin Kadai, one of the key spokespeople during the coronavirus crisis and drafter of earlier risk analyses, is resigning as head of the emergency medicine department of the Estonian Health Board.

01.07.2020

Vilnius bourse suspends trading in Grigeo shares

The Nasdaq Vilnius Stock Exchange has on Wednesday suspended trading in the shares of Grigeo, a Lithuanian paper producer, at a request of the central Bank of Lithuania due to the delay of submission of audited annual report of Grigeo, writes LETA/BNS.

01.07.2020

Latvia: EUR 45.45 mln paid out in downtime benefits so far

The State Revenue Service (VID) had paid EUR 45,450,618 in downtime benefits by Tuesday afternoon, LETA was told at the Revenue Service.

30.06.2020

On 26 June BLRT Grupp shipped to Stockholm last sections of railway bridge

The last two sections of the railway bridge, manufactured by the BLRT Grupp's subsidiary Marketex Offshore Constructions, have been shipped to Stockholm four days before the contract date. The weight of the structures shipped to the installation site is 1,500 tons, the length is about 220 meters. The unique operation of lading the bridge on the barge has been performed by the Dutch company Sarens.

30.06.2020

INVL Baltic Sea Growth Fund plans to expand Eco Baltia business in Baltics and Poland during next five years

INVL Baltic Sea Growth Fund, the largest shareholder in environmental management company Eco Baltia, plans to expand Eco Baltia business in the Baltics and Poland during the next five years, as private investment fund INVL Baltic Sea Growth Fund Partner Vytautas Plunksnis said LETA.

30.06.2020

Sinkevicius sworn in as Lithuania’s economy and innovation minister

Rimantas Sinkevicius, 68, has been sworn in as Lithuania’s economy and innovation minister on Tuesday, shortly after his appointment by President Gitanas Nauseda, informed LETA/BNS.

30.06.2020

Lithuania’s economy to contract by 7% in 2020, to grow by 5.9% in 2021

Lithuania’s economic downturn, triggered by the coronavirus pandemic, likely bottomed out in April 2020 and should be replaced by a gradual recovery in the second half of 2020 following the lifting of restrictions on economic activity in Lithuania and the European Union, the country’s Finance Ministry forecasts based on the latest statistical data, cites LETA/BNS.

30.06.2020

Latvian Health Ministry calls for abandoning use of masks in public transport and to relax restrictions

The Health Ministry will urge the government not to make the use of mouth and nose masks in public transport a mandatory requirement, Latvian Health Minister Ilze Vinkele (For Development) said in an interview with TV3 this morning, cites LETA.

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