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Friday, 26.08.2016, 07:55
The Public Utilities Commission on Thursday decided that joint-stock natural gas company Latvijas Gaze could not temporarily bar the power utility Latvenergo from accessing natural gas transmission and distribution system, reports LETA.
Keyword tags: Energy, Energy Market, Gas, Latvia, Lithuania, Markets and Companies
Arnis Riekstins, a co-owner of the Mikrotikls company, earned EUR 30.15 mln last year becoming the top earner in Latvia in 2015, according to a list of Latvia's biggest earners, losers, and dividend recipients last year, compiled by Lursoft, business magazine Kapitals, and journalists Lato Lapsa and Kristine Jancevska.
According to the latest data of the Central Statistical Bureau (CSB), there were 612.9 thsd visitors who stayed in Latvian accommodation establishments during the 2nd quarter of 2016, which was 6.1 % more than during the corresponding period of the previous year. As compared to the 2nd quarter of 2015, the number of nights spent by visitors has increased by 6.6 %. On average, visitors stayed 1.9 nights in accommodation establishments.
Estonian law firm Aivar Pilv Law Office together with Latvian law firm Fogels, Vītols & Paipa and Lithuanian law firm Balčiūnas & Grajauskas founded a new pan-Baltic alliance LEADELL that brings together nearly 50 legal advisors, informe BC LEADELL representative.
The state-owned Latvijas Valsts Mezi (LVM) company responsible for management of state-owned forests closed the first quarter of 2016 with a turnover of EUR 61.8 mln compared to EUR 61.3 mln in the first quarter of 2015 but the company’s profit decreased slightly to EUR 17.6 mln from EUR 18.9 mln in the first quarter of 2015, write LETA.
Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017, reports LETA.
China has approved a list of 16 Lithuanian dairy processing companies allowed to export their products to the huge market, says Lithuania's Ambassador to China Ina Marciulionyte, reports LETA/BNS.
The Estonian state-owned postal and logistics services company AS Eesti Post operating under the Omniva brand is planning to buy 30 all-terrain vehicles (ATVs) for delivering post, reports LETA/BNS.
A lab test has confirmed the presence of African swine fever (ASF) in pigs on a farm with 2,700 pigs on Estonia's Saaremaa Island, reports LETA/BNS.
The Chinese e-commerce company Alibaba Group is interested in shipping its goods to Northern Europe using Latvia as a transit point, Latvian Investment and Development Agency representatives said at a meeting of Latvian Ports, Transit and Logistics Council today, reports LETA.
Sanatoriums in Lithuania are again hosting growing numbers of guests from Russia, with more clients coming from other important foreign markets, therefore, some of the sanatoriums expect a two-digit increase in 2016 revenue, LETA/BNS cites Verslos Zinios daily information.
TS Laevad, the Port of Tallinn subsidiary that is to start operating ferries between mainland Estonia and large western islands as of October, is preparing for the possibility of the four new ferries arriving late and is therefore in talks with four companies to rent substitute vessels, informs LETA/BNS according to the news portal of the public broadcaster ERR reports.
Although fuel company Olerex said on Tuesday that due to the fuel excise duty rise the Estonian state will lose up to 35 million euros in taxes, according to the Ministry of Finance fuel excise duty receipts rose nearly 15% on year in the first seven months of the year and are to total 481 million euros at the end of the year, reports LETA/BNS.
Business and training management software company Momook has announced that its highly-advanced full-flight simulator terminal is now available for sale and delivery. The software company, in cooperation with flight simulator maintenance solutions provider SimHelp, has launched an innovative solution developed specifically for aviation training center with at least one simulator, making the flight training process and simulator’s maintenance fast, simple and cost-effective, BC informs MOMook representative.
The government today approved the route of the high-voltage power line from the Estonian town of Sindi to Riga 2nd thermal power station, reports LETA.