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Friday, 25.07.2025, 05:19
Institute of Oncology to return 1 mln litas to state budget
Chancellor of the Ministry of Health in Lithuania Rimantas Remeika asks the Government to evaluate the acquisition of linear accelerator Clinac 600C/D by Institute of Oncology of Vilnius University (VUOI) and take immediate action to return the Public Investment Programme (VIP) funds allocated to VUOI – 1 million litas (0.28 euros) – to the state budget.
Estonia’s Competition Board: Tallinna Vesi’s profits were too high
Director General of the Competition Board Märt Ots stated that the financial results of Tallinna Vesi that were disclosed on Friday again demonstrated that the water utility company’s earnings are too high, writes Äripäev.ee/LETA.
Sportland agreed with its creditors on the payment of debts
After negotiations that lasted for 18 months, majority shareholders of Sportland Anti Kalle and Are Altraja reached an agreement with the company’s creditors on repayment of debts, writes Äripäev Online.
Great interest in Paris for Latvian lingerie
Latvian lingerie manufacturers enjoyed great interest from visitors to the Paris exhibition "Salon International de La Lingerie", the business portal Nozare.lv/LETA was told by Juris Hadarovics, chairman of the Association of Latvian Lingerie Manufacturers. 14 Latvian lingerie manufacturers were represented at the exhibition: New Rosme, Orhideja, Stefi L, Roksa, Tonus Elast, Novella, Regina N, Glora, Magija, Diole, Bogema Lingerie, Nikol Djumon, Gracija-RIM and V.O.V.A..
Estonian company’s Tallinna Vesi profits boosted by 15%
Net profits of Estonian municipal water utility company AS Tallinna Vesi amounted to 339.9 million kroons in 2009, writes LETA referring to National Broadcasting.
Lithuanian Klaipedos Nafta will pay greater dividends
Lithuanian company Klaipedos Nafta stated in its statement regarding dividend payment possibilities to NASDAQ OMX that dividends for last year could likely exceed the previous year's level due to the successful financial results, writes LETA.
Sales of Lithuanian phosphor fertilizer producer Lifosa down in December 2009
Lithuanian producer of phosphor manure Lifosa reported to NASDAQ OMX Vilnius, that its sales totaled 66.907 million litas in December of last year as compared to 71.070 million litas earned in December of 2008, informs LETA.
Sales of Lithuanian Utenos Trikotazas group down by 36.5% in Q4 of 2009
Sales of Lithuanian textile company Utenos Trikotazas amounted to 13.2 million litas (3.819 million Euros) in the fourth quarter of 2009, which mean a decrease of 39.8% year-on-year. In 2009, the company's sales totaled 60.1 million litas (17.39 million Euros), which made a fall of 36.1% compared to 2008, informs LETA.
Turnovers of Latvian company Rebir fell by more than half last year
Chairman of Board of Rezekne Special Economic Zone company Rebir Janis Zudans told that turnover of company fell from LVL 12.9 million to LVL 5.5 million last year, writes LETA.
Fortum urges Estonian MPs to keep support for co-production plants
Finnish energy company Fortum focusing on the Nordic countries, Russia and the Baltic Rim area, turned to Estonian lawmakers with proposal to drop down plans to end subsidies for electricity and heat co-production plants that would threaten the company's investments in Estonia, LETA reports, referring to BBN and Bloomberg.
Estonian HM Investeeringute claims 600,000 kroons from former Latvian Arco Vara office's head
Owner of large share of Estonian developer Arco Vara, Toletum and HM Investeeringute claims 600,000 kroons from Indrek Porila, the former Head of Latvian subsidiary of Arco Vara, for filing a claim in court against Arco Vara to declare the company bankrupt, informs LETA referring to BBN.
Net profit of Lithuanian Linas Agro Group up to 30%
Linas Agro Group, the one of the largest companies in the Baltic States trading in agricultural products, reached revenues of 554.35 million litas (160.37 million Euros) in the H1 of its financial year and gained the net profit of 25.7 million litas (7.43 million Euros), informs LETA.
Estonian Elering officially have changed owners
Estonian transmission grid enterprise Elering was officially purchased on Wednesday by the State from the enterprise Eesti Energia for 2.7 billion kroons, writes Postimees Online.
Estonian seatbelt maker Norma generated 32 million kroons in profits
Estonian seatbelt producer Norma generated fourth-quarter profits of 32 million kroons, writes LETA referring to Äripäev Online.
Destiny of fire-destroyed Globuss shopping center in Latvian Cesis still unknown
Globuss shopping center's lease coordinator Janis Bormanis informs, that it is still unknown whether the fire-destroyed Globuss shopping center in Cesis will be rebuilt, writes LETA.
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