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Saturday, 21.06.2025, 06:10
New Rosme lingerie maker raises turnover 15.2% in 2018
Latvia’s New Rosme lingerie manufacturer raised turnover 15.2 percent year-on-year to EUR 5.875 mln in 2018, while the company’s profit contracted more than threefold to EUR 182,786, according to information available at Firmas.lv.
Estonian beef allowed onto Hong Kong market
The Estonian Veterinary and Food Board received confirmation from the Hong Kong Center for Food Safety, according to which two Estonian meat processing companies can start the export of chilled and frozen beef to the Hong Kong Special Administrative Region of the People's Republic of China, informed LETA/BNS.
Latvian citizen fined for trading Russian military goods
The Riga Vidzeme District Court on May fined Latvian citizen Pavels Gubskis for illegal trading with Russian military goods, according to the Latvijas Avize daily reported LETA.
Latvia: Medical Risk Fund does not fulfill its main task as does not work for the benefit of patients - State Audit Office
The Medical Risk Fund, which was set up to give patients the opportunity receive reimbursement for any harm they may have suffered during the treatment process, does not actually fulfill its main task as does not work for the benefit of patients, the State Audit Office has concluded, citing LETA.
Balticovo plans to invest EUR 5 mln on construction of new egg processing plant, renovation
Latvia’s largest egg and egg product producer Balticovo plans to invest EUR 5 million in construction of a new egg processing plans and renovation of the existing plant, according to information published on the internet website of the Procurement Supervision Bureau writes LETA.
Sales of Latvian drug wholesalers up 2.8% in Q1
In the first quarter of 2019, Latvia's drug wholesalers saw their aggregate turnover rise 2.8% y-o-y to EUR 158.61 miln, according to the data of the State Agency of Medicines writes LETA.
Swiss Asmer eyeing EUR 1bln methanol plant in Estonia
An industrial group of Swiss origin wishes to build a methanol plant costing one billion euros in the northwest Estonian port town of Paldiski that would be the largest such facility in Europe and is working together with the former Estonian Cabinet minister and current musician and entrepreneur Toivo Asmer to carry out the plan, according to the Postimees information said LETA/BNS.
Estonia's Krimelte buys remaining shares in Spanish chemical company Olive Quimica
Krimelte, an Estonian capital based building materials producer and a company of Wolf Group, has acquired all shares in the Spanish developer and producer of adhesives and sealants Olive Quimica S.A., in which it previously held 75%, reported LETA/BNS.
Baltics states among EU members with strictest tobacco, alcohol and food regulations
The Baltic states are among European Union (EU) members with the toughest regulations restricting consumption of tobacco, alcohol, unhealthy food and sweetened beverages, shows the Nanny State Index, released by the Institute of Economic Affairs, UK-based free market think tank.
Turnover of Transbaltic Oil fuel wholesaler up 14.3% in 2018
Turnover of fuel wholesaler Transbaltic Oil last year reached EUR 181.541 mln, up 14.3% from 2017, according to Firmas.lv business database, informed LETA.
Riga bourse applies observation status to several companies because they fail to submit audited annual reports in due time
Nasdaq Riga stock exchange has applied observation status to several companies because they had failed to submit their audited annual reports in due time.
Vana Tallinn Wild Spices named Estonia’s best alcoholic drink
AS Liviko’s legendary liqueur Vana Tallinn has been voted the best alcoholic drink in the Estonian Food Awards 2019 for its fiery new incarnation Vana Tallinn Wild Spices.
Latvian sound systems maker VEF Radiotehnika RRR to change its name to VEF Audio
Shareholders of Latvian sound systems maker VEF Radiotehnika RRR at an extraordinary meeting on Monday decided to rename the company to VEF Audio, the company said in a statement to the Nasdaq Riga stock exchange.
Estonia: Cleveron sees strong increase in both revenue, profit in 2018
The revenue of Viljandi-based manufacturer of parcel robots Cleveron grew 4.2-fold on year to 47.7 mln euros in 2018, while the company's sales revenue was also greater than that of the last ten years of operating in total, informed LETA/BNS.
Estonian Maritime Administration criticizes Pakri offshore fish farming plan
The Estonian Maritime Administration has criticized the application of Avamere Kalakasvatuse OU, an affiliated company of listed Estonian fish products seller PRFoods, for the establishment of an offshore fish farming complex in the area of Pakri peninsula and Pakri islands as the authority believes that it may disturb the movement of ships, reported LETA/BNS.
«The Baltic Course» Is Sold and Stays in Business!
