International Internet Magazine. Baltic States news & analytics
Tuesday, 12.08.2025, 21:56
Lithuanian MFA consults with Bulgaria and Slovenia on energy security and business
On 6-8 April at the political consultations that were held in Sofia and Ljubljana, Lithuanian Deputy Minister of Foreign Affairs Egidijus Meilunas discussed economic cooperation, energy security and issues on the agenda of the European Union, reported BC the press service of the Foreign Ministry.
Ekspress Grupp boosts sales by 11.8% in March
Estonian publishing and media group Ekspress Grupp saw its sales in March 2011 increase by 11.8% compared to the same period previous year.
Smugglers caught with 70 mln cigarettes in Lithuania
European Union authorities say they have arrested nine people in Lithuania for attempting to smuggle tens of millions of cigarettes to several countries, the Epoch Times writes.
250 participants signed up for first "Made in the Baltics 2011"
The "Made in the Baltics 2011" Fair, opening in Riga this week, has attracted over 200 enterprises from Latvia, 42 from Lithuania, but only 5 from Estonia.
Manufacturing turnover in Latvia reduced by 1% in February
Compared to January 2011, manufacturing turnover (1) at current prices (according to seasonally adjusted data) in February 2011 in Latvia reduced by 1%, of which in export – by 1.9%, but in domestic market it remained at the level of previous month, according to the data of the Central Statistical Bureau.
Pure Chocolate plans to export truffles to United States
Latvian chocolate truffles producer Pure Chocolate has launched talks about the sale of its production at Walgreen’s drugstore chain stores in the United States, as the company informed the business information portal Nozare.lv.
European Commission gives green light for Latvian sprats
After January 1, 2014, the maximum benzopyrene level in smoked sprats will remain at the current level, whereas for all other smoked fish products the maximum benzopyrene level will be reduced more than twofold, according to a draft bill approved by the European Commission's expert task force on environment and industrial contamination in foodstuffs.
Volumes of Snoras leasing services double in 2010
In 2010, the volumes of the bank Snoras, participating in the financial leasing market with its services Pirk Issimoketinai (agreement on hire-purchase) and Grynieji (in cash), have grown twice compared with 2009 and stood at 169 million litas (49 million euros). This tool of financial leasing was most often employed for purchasing domestic appliances and computer equipment, TV sets, furniture, security systems, communication means, also for paying bills of medical services, travels and driving courses.
The euro in Estonia: the first 100 days
On 1 January 2011 Estonia has introduced the euro and thus became the 17th member of the euro zone. Looking back at the first 100 days with the single currency, German companies on site are satisfied with the changeover. Most of them are profiting from the euro and see advantages for their business operations through its introduction. This is the main result of a special preliminary analysis of this topic with the 2011 business survey of the German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania (AHK).
Flick, Gulbis and Gwilliam – highest paid officials in 2010 in Latvia
National airline airBaltic President Bertolt Flick, Lattelecom CEO Juris Gulbis and Parex banka CEO Christopher Gwilliam were the highest paid officials in Latvia last year, as LNT program "Top 10" reported on Sunday.
Estonia-based Premia Foods merges Swedish subsidiaries Overumans Fisk and Skargardshavets Fisk
The group of companies of Estonia-based food products producer Premia Foods includes Swedish subsidiaries Overumans Fisk and Skargardshavets Fisk. Both of the Swedish subsidiaries are fully owned by the Finnish company Heimon Kala Oy, which in turn is the 100-% subsidiary of Premia.
Viisnurk audited revenue totals 13.9 mln euros in 2009
Estonian timber products and furniture company Viisnurk earned consolidated audited revenue in amount of 217.9 million kroons, or 13.9 million euros, in comparison with 205.8 million kroons, or 13.2 million euros earned in 2009, Viisnurk reports to NASDAQ OMX Vilnius.
Fits.me to be featured on 21st Century Business Television
Estonia-based Fits.me, innovative biorobotics and virtual fitting room company for eCommerce clothing retailers and shoppers, will be airing on 21st Century Business on Fox Business Network on April 9, as EMAILWIRE.com reports.
The Enterprise Europe Network helps SMEs
During three years (about 1000 days) since its first day in action, the Enterprise Europe Network has helped more than 2, 5 mln companies. EENetwork is regarded as Europe’s largest business support network; it contributes to the competitiveness of SMEs by making it easier for them to internationalise, innovate and find access to the EU finance and funding. About 600 main European companies have linked up in the EENetwork to offer a one-stop service to help companies reach their full potential.
MediaCom Estonia named Media Agency of the Year 2011
MediaCom Estonia has been named Media Agency of the Year at Password 2011, one of Estonia's most prestigious marketing events, Media News International LIVE reports.
«The Baltic Course» Is Sold and Stays in Business!
