Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 18.01.2017, 03:39

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Emergency situation declared in Krimulda, Adazi, Salaspils regions in relation to ASF outbreak

Emergency situation declared in Krimulda, Adazi, Salaspils regions in relation to ASF outbreak

17.01.2017

The Latvian government today decided to declare emergency situation Krimulda region that has been affected by the latest outbreak of African swine fever (ASF) among domestic pigs, Adazi region where the pigs will be culled, and also Salaspils region where another shed belonging to the same farm is located, reports LETA/BNS.

Keyword tags: Agriculture, Crisis, EU – Baltic States, Latvia, Markets and Companies



Estonia's Magnetic MRO signs maintenance contract with Airbaltic

Estonia's Magnetic MRO signs maintenance contract with Airbaltic

17.01.2017

Magnetic MRO, Estonian-headquartered Total Technical Care organization and Airbaltic, the flag carrier of Latvia, have signed a new agreement for the maintenance of the wheels and brakes of Bombardier Q400 and the wheels of Bombardier CS300, reports LETA/ BNS.

Estonian Transiidikeskus says there are enough goods to carry on Rail Baltic route

Estonian Transiidikeskus says there are enough goods to carry on Rail Baltic route

17.01.2017

Transit operator Transiidikeskus AS which operates at Estonia's main merchant port of Muuga is waiting for the Rail Baltic European-gauge railway because in the next few years trade to Russia will definitely not recover and there would be enough goods to carry on the railway, the daily Eesti Paevaleht reports noted LETA/BNS.


In 2016 number of M&A deals in Latvia remained unchanged from a year before

In 2016 number of M&A deals in Latvia remained unchanged from a year before

17.01.2017

With roughly 50 merger and acquisition deals announced in Latvia last year, the number of M&A deals in 2016 remained virtually unchanged from 2015, according to a report released by Murinus Advisers writes LETA.

Sale of KVV Liepajas Metalurgs to start in February

Sale of KVV Liepajas Metalurgs to start in February

17.01.2017

Guntars Koris, the administrator of the insolvent KVV Liepajas Metalurgs steel plant will complete the sale plan by the end of January, thus, the official sale procedure will start in February, the administrator’s representative Dzintars Hmielevskis reported LETA.


17.01.2017

Bill to designate cyberspace as security environment

The Ministry of the Interior is seeking opinions on a draft document setting out Estonia's security policy fundamentals, which designates cyberspace as another dimension of the security environment alongside land, territorial waters and airspace, reports LETA/BNS.

17.01.2017

Press subscription in Latvia down 4.2 % in 2017

Press subscription in Latvia has dropped by 4.2 % to 398,722 subscriptions for 2017, Latvian national postal company Latvijas Pasts reported LETA.

17.01.2017

Lithuanian dairy Vilkyskiu Pienine exports 1st shipment to China

Vilkyskiu Pienine, one of Lithuania's largest dairy companies, has sent the first shipment of its products to China, becoming the first Lithuanian dairy to export to China – the cargo of 20 t of mozzarella should reach the Chinese market within about a month, reports LETA/BNS.

17.01.2017

November was a record month in the Latvian export of wood products

According to the data of the Central Statistical Bureau (CSB), the Latvian external trade turnover dropped slightly (0.6%) month-on-month. Within a month, the goods export and import values dropped by 0.1% and 1.1% respectively. Year-on-year, the goods export and import values posted positive growth by 3.4% and 3.2% respectively, which is a good performance, given the still low level of external demand.

16.01.2017

We grasp Lithuania's concerns about Astravyets, don't plan embargo laws - Latvian minister

The Latvian government supports the Lithuanian position to demand the highest security standards at the Astravyets nuclear power plant under construction in Belarus, however, does not consider any laws to restrict electricity imports from the utility, says LETA/BNS Latvia's Foreign Minister Edgars Rinkevics.

16.01.2017

Swedish Trelleborg Wheels Systems to fully move its wheel systems plant to Liepaja

Swedish company Trelleborg Wheels Systems has decided to fully move its wheel plants to Trelleborg Wheel Systems in Liepaja, Liepaja municipality’s representative Evita Engele told LETA.

16.01.2017

Latvian-led consortium to reconstruct Vilnius airport runway for EUR 18.7 million

Latvia's road construction company A.C.B., jointly with Lithuania's building firm Autokausta, is to reconstruct the Vilnius airport's runway for 18.713 mln euros, reports LETA/BNS.

16.01.2017

Lithuanian PM not sure he'll sign Rail Baltica deal

Estonia plans for the prime ministers of the Baltic states to sign the deal on the European-gauge railway Rail Baltica project, however, Lithuania's Prime Minister Saulius Skvernelis is not sure about the signing, informs LETA/BNS.

16.01.2017

Small firm from Riga promises to invest EUR 40 mln in Moldovan airport's development

Polo Invest, a company whose registered office is an apartment in Riga, has applied to lease an airport in Moldova, promising to invest EUR 40 mln in the airport's development although the company's annual turnover has never exceeded a few thousand euros, according to TV3 broadcast Neka Personiga (Nothing Personal) reported last night writes LETA.

16.01.2017

Details of isolated operation of Baltic energy system expected in fall

As the Baltic states ready to disconnect from the Russian BRELL electricity ring and synchronize its grids with Western Europe, tests will be conducted to check whether Lithuania, Latvia and Estonia can operate in an isolated regime. A trial study for the tests will be drafted by international consultative company Tractebel Engineering by September, writes LETA/BNS.

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