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Tuesday, 22.07.2025, 07:20
Tallinn will get its third industrial park
The Tallinn city government decided on Wednesday to increase the share capital of AS Tallinna Tööstuspargid (Tallinn Industrial Parks) which means that the city’s third industrial park will be developed in the Lasnamäe city district, near the Tallinn airport, LETA/Postimees Online reports.
Latvian liquor producers and retailers halt operations in half-hour protest
On Thursday, February 24, liquor producers and retailers in Latvia will halt work for half-an-hour in protest against the government's decision to increase excise tax on liquor, as Alcohol Producers and Retailers' Association informed the business portal Nozare.lv.
Levadia Metall files for bankruptcy
Metals magnate Viktor Levada has filed for bankruptcy for the company Levadia Metall after a court turned down the company's proposal on carrying out the restructuring plan, LETA/ERR reports referring to Äripäev.
Increasing number of manufacturers express interest in Citadele Bank
An increasing number of manufacturing companies in Latvia express their interest in credit services offered by Citadele Bank. Some of them apply for new loans whereas others seek refinancing liabilities that bind them with other banks. In January 2010 the dominating ones were companies representing trade and services sector but the majority of Citadele Bank’s new clients in January 2011 are manufacturing companies.
Apranga plans 10.7% increase in turnover in 2011
The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group plans to reach 420 million litas retail turnover in 2011, or 10.7% more, as compared with 2010, the company reports to NASDAQ OMX Vilnius.
A. Le Coq started selling Lidskoe Premium beer
A. Le Coq has started to sell Belarusian beer Lidskoe Premium in February 2011 in Estonia, which is especially brewed for Russian-speaking consumers, as A. Le Coq reports. The company's goal is to achieve a 50-% market share in the Slavic beer segment in Estonia.
Viisnurk ends 2010 in profit 0.8 mln euros
Estonian timber products and furniture company Viisnurk announced on Tuesday that its consolidated net sales of 2010 increased by 5.9% and amounted to 13.9 million euros while the consolidated net profit amounted to 0.8 million euros, compared to 10 thousand euros in 2009.
On amending foundation’s articles of association in Latvia
Question: Is it possible to make amendments to foundation’s articles of association? What is the procedure for amending the articles of association in Latvia?
How to limit representation rights of member of the board in Latvia?
Question: Is it possible to limit the representation rights of a member of the board in a limited liability company, e.g. prohibition to conclude certain transactions or exceeding certain amount of transaction?
In Moscow Ignatavicius attends presentation of culture magazine in Russian language
On February 21, in Moscow, Lithuanian Vice-Minister of Foreign Affairs Evaldas Ignatavicius took part in the presentation of the culture magazine "Santara-Soglasye" (The Unity), reported BC the Ministry of Foreign Affairs.
Snaige finishes 2010 with loss totaling 2.6 mln litas
The Lithuania-based producer of refrigerators Snaige collected pre-audited consolidated turnover in amount of 113.84 million litas over 2010 and consolidated pre-audited net loss totaling 2.6 million litas, Snaige reports to Vilnius Stock Exchange.
Negotiations on Maxima sale initiated; Luzhkov's wife – possible buyer
Negotiations on sale of the Lithuanian company Maxima Grupe, which is the largest retail company in the Baltic States, have started. Former Moscow Mayor Yuri Luzhkov's wife Yelena Baturina has been mentioned as a possible buyer, the newspaper Telegraf reports.
Premia’s net profit grew by 89% in 2010
The turnover of Estonian food industry concern Premia Foods for 2010 was 1.2 billion kroons (77.3 million euro), EBITDA 111.0 million kroons (7.1 million euro) and net profit 20.5 million kroons (1.3 million euro). As compared to 2009, turnover increased by 12.5%, EBITDA by 14% and net profit by 89%, the company told Tallinn Stock Excchange.
Lithuanian presidential adviser: Poland places no focus on problematic areas
The Polish president says that we should work on what unites us rather than separates, referring to relations between Lithuania and Poland, the president's chief adviser on foreign policy Darius Semaska said.
Lithuania's largest companies employ 18% less persons in 2011, than in 2009
Top 20 largest Lithuania's companies currently employ approximately 70,000 persons; however, this is 15,400 people less or 18% less than two years ago, as LETA/ELTA report, referring to kurier.lt. Lithuania's largest employers include retail companies and state-owned enterprises.
«The Baltic Course» Is Sold and Stays in Business!
