Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 02.07.2015, 03:57

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FDI in Lithuania grew to EUR 220.8 mln in Q1

FDI in Lithuania grew to EUR 220.8 mln in Q1

01.07.2015

Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.

Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Investments, Lithuania, Markets and Companies



In May, the growth in retail sales in Estonia made 8% y-o-y

In May, the growth in retail sales in Estonia made 8% y-o-y

01.07.2015

According to Statistics Estonia, in May 2015 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices. While in April retail sales increased by 6% compared to the same month of the previous year, then in May the growth in retail sales accelerated slightly.

Agrowill Group to focus on organic farming

Agrowill Group to focus on organic farming

01.07.2015

Agrowill Group AB, one of the largest investors in the agricultural sector in Lithuania, is launching a strategy for organic agricultural production under which all work on land controlled by the company will follow the principles of organic farming. The same principles will also apply to the livestock enterprises of Agrowill, writes LETA/ELTA.


Baltika's sales increased by 5% in June y-o-y

Baltika's sales increased by 5% in June y-o-y

01.07.2015

Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its consolidated sales revenue for June 2015 totalled 4.328 million euros, increasing by 5% compared to continued operations revenue of the same period last year, reports LETA.

U.S. glass packaging producer expands its Järvakandi factory in Estonia

U.S. glass packaging producer expands its Järvakandi factory in Estonia

01.07.2015

The world's leading glass packaging manufacturer, U.S. concern Owens Illinois opened on June 30th 2015 an extension of its glass packaging factory in Järvakandi, central Estonia, which among other things enables now to recycle sheet glass in Estonia, LETA/Public Broadcasting reports.

01.07.2015

FinMin plans to introduce minimum social contributions in Latvia

The Finance Ministry wants to introduce minimum social contributions in Latvia from 2016 – regardless of a person's salary, he or she, or the person's employer will have to pay a certain amount in social contributions, as Finance Minister Janis Reirs (Unity) said during a meeting with the Latvian Pensioners' Federation on June 30th 2015, informs LETA.

01.07.2015

Benu aptieka network's profit increases by 53.5% in 2014

Benu aptieka network increased its profit by 53.5% in 2014 in Latvia, reports LETA, according to Firmas.lv information.

01.07.2015

Estonia starts using new picture warnings on cigarette packs

Estonian Ministry of Social Affairs sent a draft Tobacco Act to a round of approvals, which brings new shocking warning pictures on cigarettes packs starting May 20, 2016, informs LETA.

01.07.2015

Tallinn bans selling strong alcohol in petrol stations and small shops

The Entrepreneurship Board of Estonia's capital Tallinn reminded people that starting July 1st 2015, the Tallinn City Council decree comes into force that restricts the retail sale of alcoholic beverages, informs LETA.

30.06.2015

In May, retail trade turnover decreased by 0.9% in Latvia

Data of Central Statistical Bureau show that, compared to April, the total retail trade turnover in May 2015 dropped by 0.9%, according to seasonally adjusted data at constant prices. Retail trade in food products declined by 1.6%, whereas turnover of non-food products – by 0.4%.

30.06.2015

Average forest regeneration costs in Latvia in 2014 – from EUR 557 to EUR 662 per ha

Data compiled by the Central Statistical Bureau of Latvia show that in 2014, the average forest regeneration costs in Latvia comprised EUR 557 – EUR 662 per hectare, depending on the forest land quality group (1).

30.06.2015

Eesti Telekom: disappearance of roaming fees in EU can lead to price increase

Eesti Telekom's Director of Communications Kaja Sepp said that the abolition of roaming charges in the European Union could lead to price increases in Estonia, LETA/Estonian Public Broadcasting (ERR) reports.

30.06.2015

Over 800 foreign journalists covered EU Presidency events in Latvia

According to information from the Latvian Presidency's Secretariat, over 800 journalists from over 40 countries visited Latvia to cover the country's EU Presidency events, informs LETA.

30.06.2015

Unemployment level in Latvia reduces to 8.5% in June

The unemployment rate in Latvia decreased 0.1 percentage points to 8.5% in June 2015, however, unemployment in Kurzeme province increased 0.5 percentage points, according to the State Employment Agency's data, cites LETA.

30.06.2015

Liviko experienced notable slump in exports in 2014

Whereas Estonian Liviko managed to increase its net earnings by 27% in 2014, exports of its products fell by more than 20%, writes Äripäev/LETA.

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