Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 31.10.2014, 12:37

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In Q3, GDP in Lithuania increased by 0.4%

In Q3, GDP in Lithuania increased by 0.4%

31.10.2014

Statistics Lithuania informs that in III quarter 2014, country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to LTL 33777 million (EUR 9782.5 million) at current prices. Compared to the same period of 2013, the real GDP change, seasonally and working day adjusted, stood at 2.6%, compared to II quarter 2014, increased by 0.4%.

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



Lithuanian Apranga earns EUR 9.8 mln profit in 9 months

Lithuanian Apranga earns EUR 9.8 mln profit in 9 months

31.10.2014

The unaudited consolidated profit before income tax of Apranga Group amounted to LTL 33.7 million (EUR 9.8 million) during the nine months of 2014, while Apranga Group has made the profit of LTL 33.1 million (EUR 9.6 million) in the same period of 2013 (an increase of 2.0 percent), the company announced LETA/ELTA.

Lithuanian Malsena buys Veski-Mati grain product manufacturer

Lithuanian Malsena buys Veski-Mati grain product manufacturer

31.10.2014

Baltic States' largest grain producer Malsena buys Balti Veski, an Estonian company that produces cereal and other grain products using the Veski-Mati brand, LETA/Äripäev.ee reports.


Lithuania's Audit Office urges institutions to learn from mistakes of others

Lithuania's Audit Office urges institutions to learn from mistakes of others

31.10.2014

Having analysed the results of financial (regularity) audits completed in 2014, the National Audit Office in Lithuania (NAO) summed up the most common errors and irregularities made in the public sector, informs LETA/ELTA.

Premia's general meeting okays sale of ice-cream business

Premia's general meeting okays sale of ice-cream business

31.10.2014

The shareholders of Tallinn Stock Exchange-listed company Premia Foods approved at an extraordinary general meeting on Thursday of selling the ice cream and cold products business of Premia Foods to Latvian Food Union group owner Andrey Beskhmelnitskiy, LETA/Postimees Online reports.

30.10.2014

In September, retail trade turnover in Latvia decreased by 0.3%

Data of Central Statistical Bureau show that, compared to August, the total turnover of retail trade enterprises in Latvia in September 2014 dropped by 0.3%, according to seasonally adjusted data at constant prices.

30.10.2014

Latvian parliament passes Development Finance Institution Law

Saeima decided in the final reading today to pass the Development Finance Institution Law that was proposed by the Finance Ministry, informs LETA.

30.10.2014

Latvian Saeima passes stricter 'no smoking' rules

Saeima in Latvia decided in the final reading today to pass amendments to the law that stipulate that a non-smoker's right to clean, unpolluted air, just as the right to be free from risks of ailments, take priority over the interests of those who smoke, informs LETA.

30.10.2014

Ahlstrom opens service center in Vilnius

Ahlstrom, a high performance fiber-based materials company Ahlstrom, celebrates the inauguration of its Service Center in Vilnius, Lithuania, reports LETA/ELTA.

30.10.2014

EcoMin candidate promises to reassess support for thermal power stations in Latvia

Dana Reizniece-Ozola (Greens/Farmers), who has been nominated for the economy minister's position in Latvia, promises to assess the opportunities of reducing support for large natural gas power stations, reports LETA.

30.10.2014

Largest Baltic companies less optimistic about business environment

According to a survey of finance directors at the largest Baltic companies conducted by SEB bank, companies in the Baltic States have become less optimistic about the business environment, reported BC the bank.

30.10.2014

Estonian Baltika improves Q3 results

Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its third-quarter profit in 2014 was 151,000 euros, that is a 763,000 euros improvement compared to continued operations loss of same period in the prior year (-612,000 euros), informs LETA.

30.10.2014

Bite’s EBITDA in Latvia increases by 23% in Q3

Mobile communications operator Bite Latvija (Bite) earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 3.4 million in the third quarter of 2014; this is 23% more than in the respective period of 2013, the company's director Fred Hrenchuk told the business portal Nozare.lv, informs LETA.

30.10.2014

Chamber: no reason to celebrate Latvia's position in "Doing Business 2015" rating

There is no reason to celebrate Latvia's position in the World Bank's latest "Doing Business" study, Latvian Chamber of Commerce and Industry board chairman Janis Endzins told the Nozare.lv business portal, cites LETA.

29.10.2014

Lithuanian officers bust a mob suspected of large-scale money laundering

The Financial Crime Investigation Service in Lithuania (FNTT) has unmasked an international organised mob which was engaged in the shadow trade of luxury mobile phones Vertus and precious metals in the European Union (EU) and the Eastern countries, informs LETA/ELTA.

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