International Internet Magazine. Baltic States news & analytics
Wednesday, 16.07.2025, 12:19
Madara Cosmetics chosen as "European SME Week 2010" ambassador in Latvia
The European Commission have chosen the company Madara Cosmetics as the ambassador in Latvia for "European Small and Medium-Sized Enterprises Week 2010" in recognition of the company's goal-orientated nature, creative approach, and investment in environmentally-friendly production, the business portal Nozare.lv was informed by Madara Cosmetics representative Kristiana Antoniske.
Lattelecom pays LVL 14.7 mln into state budget as dividend
Latvia's leading electronic communication services provider Lattelecom has transferred LVL 14,686,355 from its 2009 profit of LVL 28 million into the state budget in dividend, Lattelecom Communication Department's representative Liga Bite told the business portal Nozare.lv.
Premia Foods became sole shareholder of GourmetHouse
The food industry enterprise Premia Foods became the sole shareholder of the seafood distributing enterprise GourmetHouse and in the Latvian subsidiary Premia FFL that supplies frozen products, writes LETA/National Broadcasting.
Latvia's most popular cigarettes are still "Winston", "Marlboro" and "Monte Carlo"
In the first quarter of this year, Latvia's most popular cigarettes were still the brands "Winston", "Marlboro" and "Monte Carlo", according to information on excised goods compiled by the State Revenue Service (SRS).
Turnover for Cido grupa in 2009 – LVL 31.44 mln
The turnover for the juice, beer and soft drinks company Cido grupa last year fell by 31.1% to LVL 31.44 million, according to information provided from the Register of Enterprises by the company Lursoft. The company's turnover in 2008 was LVL 45.64 million.
Number of unpaid bills in Estonia surges in 2010
The number of unpaid bills in Estonia grew abruptly in 2010 – according to a survey by Intrum Justitia, Estonian businesses will this year write off 3.3% of bills while last year this indicator was 2.9%, LETA/Äripäev writes.
Saeima committee in Latvia suggests continuation of analogue broadcasting until December 2013
The Saeima's Human Rights and Public Affairs Committee in Latvia, in preparing the Law on Electronic Mass Media for its final reading, yesterday suggested the continuation of analogue TV broadcasting until December 2013, the date until which Lattelecom have exclusive rights over digital television broadcasting, LETA was informed by the head of the commission Ingrida Circene (New Era).
Olialia Cola advertising among most innovative worldwide
The advertising campaign of the soft drink Olialia Cola is the first Lithuanian advertising campaign which has been included into a hundred of the most innovative world advertising campaigns by Cream, the only online subscription intelligence service that indexes and analyses the world's media and marketing innovations for global advertisers, agencies and media vendors.
Vilniaus Baldai gains profit of 7 mln litas in Q1
Over January-March 2010, the furniture manufacturing company Vilniaus Baldai reached the sales of 43.193 million litas (12.33 million euros), compared with 34.827 million litas (9.941 million euros) of the Q1 of 2009.
Latvia's richest women – Anna Lipmane, Ieva Plaude-Relingere and Tatjana Kargina
Latvia's richest women are the pharmaceuticals company Grindex shareholder Anna Lipmane, beauty company Kolonna founder and shareholder Ieva Plaude-Relingere, and Tatjana Kargina, former Parex banka co-owner and ex-partner of Valerijs Kargins, according to a list of the 100 richest Latvian women published in the May-June edition of the magazine "VIP Lounge".
Consumer confidence in Estonia at record high of the past 2 years in May 2010
According to the Estonian Institute of Economic Research, the consumer confidence in Estonia has improved since the lowest crisis point in March 2009 and rose to record high level of the past two years in May 2010, writes LETA/Äripäev.ee.
Põltsamaa Felix posts a profit in 2009
Although Estonian food industry Põltsamaa Felix suffered a fall in sales by 15% in 2009, the enterprise managed to earn modest profits.
Lithuania and China discussed economic cooperation
President of the Republic of Lithuania Dalia Grybauskaitė received a delegation led by the Minister of Commerce Chen Deming of the People's Republic of China. The meeting centred around bilateral relations between Lithuania and China and possibilities to expand their economic cooperation and cultural ties, informed BC presidential press service.
Solaris filed a lawsuit against Merko over the collapsed cinema ceiling
Solaris Centre announced that the construction company Merko has not admitted to the sub-standard construction works that caused the ceiling in a cinema hall to collapse nor has Merko compensated for the damages, writes LETA/EPL Online.
In 2009 Baltic direct selling market shrank, but sales force increased
Baltic Direct Selling Associations’ members’ turnover (without VAT) decreased by 21% and amounted to almost 58 million euro in 2009. Meanwhile, the number of direct sellers working in this industry increased by 8% and it reached 76 thousand people, informed BC Gintautas Zaleckas, general secretary for Baltic States.
«The Baltic Course» Is Sold and Stays in Business!
