International Internet Magazine. Baltic States news & analytics
Wednesday, 14.05.2025, 07:12
Eastern European workers in UK pass 1 mln
The number of UK workers from eight eastern European countries that joined the EU in 2004 has passed one mln for the first time, reports LETA according to BBC information.
Saku temporary manager says will remain in that office until year-end
Rolandas Virsilas, who was appointed manager of the Estonian and Latvian beverage makers Saku and Aldaris after Margus Kastein left that position on Tuesday, has said he will perform the duties until the end of the year at most, until a new manager has been appointed, reports LETA/BNS.
Eleon sets up control and software center in Saaremaa
The manufacturer of wind turbines Eleon is about to set up a wind turbine control and software development center at Salme on Saaremaa island as part of its plan for the establishment of a manufacturing business that would build up to 60 new turbines every year, the regional newspaper Meie Maa said, cites LETA/ BNS.
Lithuania's Litana expanding area of operations
Litana, Lithuania's group of metal structure design and construction, is expanding its operations in Sweden and intends to launch production of stainless steel, according to Verslo Zinios daily informations reports LETA/BNS.
Purchase price of milk as well as the number of dairy cows in Latvia continue to reduce
The purchase price of milk as well as the number of dairy cows in Latvia continues to reduce, according to information from the European Commission writes LETA.
Estonian ferry mogul wants to continue operating Elbe route in Germany
According to Vjatseslav Leedo, the Saaremaa, Estonia-based owner of Elb-Link Reederei that operates a ferry route across the Elbe River from Brunsbuttel to Cuxhaven in northern Germany, business is going to plan and is worth continuing, the regional newspaper Saarte Haal report cites LETA/ BNS.
KVV Group to sue Latvia over Liepajas Metalurgs insolvency
KVV Group will turn to an international court over insolvency proceedings started against the metallurgical company KVV Liepajas Metalurgs, as KVV Group's press secretary Natalya Napadovkaya told LETA.
Profit of Estonian state forest manager RMK grow in H1
The sales revenue of the Estonian state forest management company RMK in the first half of 2016 totaled 81 mln euros and profit 6.3 mln euros, compared with respectively 75.3 mln euros and 4.5 mln euros in the first six months of last year, reports LETA/BNS.
Two men die in grain elevator accident in Tartu
On Friday morning three workers were trapped in grain in an elevator of the grain processing company Tartu Mill in Estonia's second-largest city of Tartu as a result of which two men died, reports LETA/BNS.
Palink FY profit up 2.7 times
Palink, the operator of Iki, one of Lithuania's largest retail chains, last year netted a consolidated profit of 9.66 mln euros, which indicates increase by a factor of 2.7 from 3.609 mln euros in 2014, informs LETA/BNS.
Milk purchase prices up in Lithuania in July m/m
Amid continuing effects of the global dairy crisis on the Lithuanian dairy market, milk purchasing prices saw a modest increase in July after a long break, as compared month-on-month, reports LETA/BNS.
VNI terminates contract with company reconstructing building in Riga
The state joint-stock company Valsts Nekustamie Ipasumi (State Real Estate, VNI) today unilaterally terminated contract with RBSSKALS Buvvadiba, a company reconstructing the Tabakas Fabrika building in Riga, as VNI representative Arnis Blodons told LETA.
Swine fever may give boost to sheep farming
The director of a Lithuanian sheep rearing company says that sheep numbers have increased in the country and expects that the spreading of African Swine Fever will force more farmers to switch to sheep raising, informs LETA/BNS according to the daily Lietuvos Zinios reported on Thursday.
Sales of Adidas Baltics grow to EUR 18.5 mln
Sales of the Latvia-based Adidas Baltics SIA, retailer and distributor of mainly Adidas and Reebok products in the Baltic states, increased by 2% to 18.5 mln euros and its profit by 47% to 344,368 euros in 2015.
EU business confidence falls to three-year low
YPO, the premier chief executive leadership organization in the world, announced today that business confidence in the European Union dropped significantly in the second quarter of 2016, following the United Kingdom's decision to leave the EU. The YPO Global Pulse Confidence Index for the EU fell 3.1 points to 58.5, its lowest level in three years.
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