International Internet Magazine. Baltic States news & analytics
Sunday, 01.06.2025, 10:32
Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge
The Nordic and Baltic economies will be hard hit by the Covid-19-induced shock due to their small size and relative openness. Strong economic fundamentals and a timely reaction to the health crisis ensure that the countries are in an advantageous position to take on the challenge. The crisis gives a chance to push for bolder and greener policies, as well as advance reforms aimed at streamlining the growing public sector and further tailoring the economy and human capital to the digital post-corona world.
McDonald's in Baltics, Greece, Malta and Romania posted EUR 28 mln in profit in 2019
Premier Capital, the developmental licencee for McDonald's in the Baltic countries, Greece, Malta and Romania, achieved EUR 341 million in turnover last year, which is 16.2% more than in 2019, as LETA learned from the company.
Estonia: Investors register indication of interest for EUR 642,000 in Chaga crowdfunding
Investors have registered indication of interest to the amount of 642,000 euros in a financing campaign on Funderbeam for the company Chaga OU, a maker of natural food supplement products under the Chaga Health brand since 2014, writes LETA/BNS.
Swedbank chief economist: Crisis to give impetus for digitalization
The need for distancing arising from the crisis is expected to give an additional impetus for digitalization, development of technology and e-commerce, Swedbank chief economist Tonu Mertsina said cites LETA/BNS.
The changing map of nearshoring: what is the equation for a successful operation post Covid-19?
Could the crisis result in new nearshoring opportunities for Lithuania? As global businesses rethink the way they manage critical business processes, increasing priority is being given to locations that offer flexibility, resilience and robust ICT infrastructure. Laisvis Makulis, Vice-President at Invest Lithuania, examines the factors that make Lithuania an increasingly attractive choice in the post-crisis GBS landscape. Read it below.
In April, the level of producer prices in Latvian industry remained the same
Data of the Central Statistical Bureau (CSB) show that, compared to March, in April 2020 the level of producer prices in Latvian industry remained the same for the second month in a row. Prices of products sold on the domestic market fell by 0.3%, but prices of exported products grew by 0.2%.
HansaMatrix not to pay dividends from 2019 year's profit
HansaMatrix high-tech company has decided not to pay dividends from last year's profit, the company said in a statement to the Nasdaq Riga stock exchange on the decision made by its shareholders on May 22.
Estonia: Wendre Grupp completes acquisition of German co Geska Bettwarenfabrik
Wendre Group, an Europe-leading manufacturer of bedding products, has acquired Geska Bettwarenfabrik, a German professional textile products company more than 90 years old, reported LETA/BNS.
Tourism connections can be resumed when epidemiological situation is favorable - Linkaits
Tourism connections can be resumed as soon as the epidemiological situation and the EU policy allow it, said Latvian Transport Minister Talis Linkaits (New Conservative Party) in a videoconference with Natela Turnava, the Georgian Minister of Economy and Sustainable Development, informed LETA.
Lithuania's opera theater estimates quarantine losses at EUR 1 mln
Lithuania's National Opera and Ballet Theater has probably lost one million euros because of the quarantine, its director Jonas Sakalauskas estimates, adding, however, that there have been no job cuts, informs LETA/BNS.
During the Covid-19 pandemic Latvians drinking more alcohol
In Latvia, the proportion of the population who are drinking more alcohol than usual during the Covid-19 pandemic has increased, representatives of the pharmacy chain BENU Aptieka told LETA, referring to the survey data conducted by the company.
In Q1, Latvian unemployment rate constituted 7.4%
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2020 Latvian unemployment rate comprised 7.4%. Compared to the previous quarter, rate of unemployment has risen by 1.4 percentage points, but during a year – by 0.5 percentage points.
Kaup24 online store to expand in Estonia
he Kaup24 online store will soon open new local stores and self-service terminals in Estonia, the company has already opened a larger collection point in Tallinn, informs LETA/BNS.
Latvia: The first phase of the expanded building of the shopping centre “Origo” has been opened
Linstow Center Management (LCM) has completed first round of construction work on the new “Origo” shopping centre building, which has just opened its doors on the 4th to 6th floors of the modern “Origo One” office centre, which offers functional and transformable Class A offices.
Total tax debt in Latvia at EUR 954.5 mln in early May
At the beginning of May 2020, tax debts in Latvia totaled EUR 954.542 million, an increase of 7.5% month-on-month, writes LETA, according to the State Revenue Service.
«The Baltic Course» Is Sold and Stays in Business!
