Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 22.08.2017, 10:04

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Trade unions in Latvia to join forces in fight for promised guarantees to health care sector

Trade unions in Latvia to join forces in fight for promised guarantees to health care sector

22.08.2017

The Latvian Trade Union of Health and Social Care Workers (LVSADA) and the Latvian Confederation of Free Trade Unions (LBAS) will be fighting together to achieve the guarantees promised to the health care sector, LVSADA leader Valdis Keris told the press on August 21st, cites LETA.

Keyword tags: Financial Services, Latvia, Legislation, Markets and Companies, Strike, Wages



Arumae: rather than new crisis, Europe in for new period of economic growth

Arumae: rather than new crisis, Europe in for new period of economic growth

22.08.2017

There is no new economic crisis coming our way and Europe is in for a long period of economic growth, Ruta Arumae, economic analyst and teacher at Mainor business school, said on August 21st, cites LETA/BNS.

Cornerstone to be laid for Metsa Wood plywood factory in Parnu

Cornerstone to be laid for Metsa Wood plywood factory in Parnu

22.08.2017

The cornerstone for a plywood factory of Finland's Metsa Serla group in the southwestern Estonian regional capital Parnu will be laid at the 17 Kase Street plot on August 23rd, informs LETA/BNS.


Estonian unions would raise minimum pay to EUR 650 in 3 years

Estonian unions would raise minimum pay to EUR 650 in 3 years

22.08.2017

The Estonian Trade Union Confederation (EAKL) wishes the minimum pay in Estonia to be raised by 38% from the present 470 euros to 650 euros per month in three years, informs LETA/BNS.

Euroapteek not planning to leave Estonian market

Euroapteek not planning to leave Estonian market

22.08.2017

Euroapotheca UAB Vilniaus Prekyba, Lithuanian owner of the Euroapteek pharmacy chain in Estonia, is not planning to leave the Estonian market in connection with the amendments to the Medicinal Products Act and the Health Services Organization Act taking effect in 2020, informs LETA/BNS.


22.08.2017

Rimi Baltic retailer reports 1.5% turnover rise in H1

Rimi Baltic retailer in the first six months of this year posted EUR 707.2 million in sales in the Baltic states, up 1.6% year-on-year, while sales in Latvia reached EUR 368.6 million or up 4.6% from the respective period last year, said Swedish concern ICA Gruppen, the owner of Rimi Baltic, in its report, cites LETA.

22.08.2017

Citadele bank plans to issue EUR 12 mln loan for Wash And Drive chain

Latvia's Citadele bank plans to issue EUR 12 million loan for development of Wash And Drive self-service car wash chain, the bank's spokeswoman Baiba Abelniece reported LETA.

21.08.2017

In July, the level of producer prices in Latvian industry grew by 0.4%

According to data of the Central Statistical Bureau (CSB), compared to June, in July 2017 the level of producer prices in Latvian industry rose by 0.4%. The prices of products sold on the domestic market increased by 0.5%, whereas the prices of exported products grew by 0.3%. The prices of products exported to euro area countries rose by 0.5% and of products exported to non-euro area countries – by 0.1%.

21.08.2017

The industrial producer price index in Estonia increased by 4.1% in July y-o-y

According to Statistics Estonia, in July 2017, the producer price index of industrial output changed by 0.4% compared to June and by 4.1% compared to July 2016.

21.08.2017

Dargis, Nauseda, Mockus top ranking of Lithuania's most influential business figures

Robertas Dargis, president of the Lithuanian Industrialists' Confederation, Gitanas Nauseda, adviser to SEB Bankas' president, and Darius Mockus, president of MG Baltic, one of Lithuania's biggest business groups, top the list of the country's most influential business people, economists and company executives, Delfi.lt reported, citing the results of two separate surveys commissioned by the news portal, cites LETA/BNS.

21.08.2017

ABB has hired some 500 in Estonia in 2017

The industrial giant ABB has hired approximately 500 people in Estonia in 2017, including some 100 to work at its shared services center, cites LETA/BNS.

21.08.2017

Vegetable prices in Latvia might be slightly higher in 2017

Vegetable prices in Latvia this fall might be slightly higher than a year ago, said Maira Dzelzkaleja-Burmistre, the chairwoman of the Farmers Parliament organization, in an interview with the commercial LNT television on Monday, cites LETA.

21.08.2017

Members of Latvian furniture producers' association raise turnover by 2.7% in H1

During the first half of 2017, the companies united in Latvijas Mebeles (Latvian Furniture) furniture producers' association raised their aggregate turnover by 2.7% year-on-year to EUR 26.8 million, while their exports increased by 1.5% to EUR 17.71 million, the association’s executive director Ieva Erle told LETA.

21.08.2017

Prosecutors probe possible violation EU sanctions on Russia by Lithuanian firms

Prosecutors have launched a probe into whether some Lithuanian companies violated the European Union's sanctions against Russia, reports LETA/BNS.

21.08.2017

Russian TV channels back on radar of Lithuanian media watchdog

Russian-language TV channels broadcasted in Lithuania are back on the radar of the country's media watchdog over alleged violations, informs LETA/BNS.

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