International Internet Magazine. Baltic States news & analytics
Friday, 13.06.2025, 04:49
In 2015, volume of Latvian industrial production went up by 3.4%
Data compiled by the Central Statistical Bureau (CSB) show that, as compared to November 2015, in December 2015, industrial production output (according to seasonally adjusted data at constant prices) has decreased by 1.2%, of which by 3.6% in electricity and gas supply, whereas in manufacturing there was a rise of 0.1% and in mining and quarrying – of 3.7%. Compared to 2014, in 2015, volume of industrial production (according to calendar adjusted data at constant prices) went up by 3.4%.
Latvijas Maiznieks to buy ciabatta production line for EUR 3 mln
Latvijas Maiznieks bread producer is set to purchase a ciabatta and white bread production line for EUR 2.98 million, informs LETA, according to information posted on the Procurement Monitoring Bureau's website.
Lithuania’s advertising market grows by 5% in 2015
Lithuania's advertising market expanded by 5.1% in 2015 from a year ago, with the strongest growth recorded in outdoor, cinema and TV advertising volumes, according to the latest survey released by TNS LT, cites LETA/BNS.
Estonian employers: foreign workers would help solve problem of labor shortage
The Estonian Employers Confederation says well-managed immigration is one of the tools that will help to ensure that there will be enough workers and taxpayers in Estonia also 10 and 20 years from now, and expects the government to assume a leader's role in this, informs LETA/BNS.
Kruuda's Tere faced with selloff or bankruptcy
The dairy group Tere belonging to Estonian businessman Oliver Kruuda has 36 million euros in overdue debt to banks and owes 800,000 euros to the government in unpaid taxes, and the options it has are either to find a buyer or face bankruptcy, Postimees said, cites LETA/BNS.
East-Viru industrial companies have 180 jobs available to people laid off at VKG
At a job fair organized by the Estonian Unemployment Insurance Fund on Tuesday for the people made redundant by Viru Keemia Grupp (VKG), businesses of the region had 180 permanent jobs to offer, reports LETA/BNS.
Ruukki Lithuania gaining foothold in Scandinavia
Lithuania’s metal structures manufacturer Ruukki Lietuva, which is owned by Finland’s Ruukki Construction that is controlled by Sweden’s steel manufacturer SSAB, exports a significant part of its metal structures to Iceland and its assembly works at various sites in Scandinavia are scheduled until fall, the Verslo Zinios business daily reports on February 3rd.
Work on first Pizza Hut restaurant in Riga nears completion
Preparation for the opening of the first Pizza Hut eatery in Riga are nearing completion, Pizza Hut spokesman in the Baltics Vitalijas Ziauga told LETA.
KVV Liepajas Metalurgs has until March to come up with restructuring plan
Joint-stock metallurgy company KVV Liepajas Metalurgs has until March 1, 2016 to come up with a restructuring plan, State Treasury head Kaspars Abolins told members of the press after yesterday’s government meeting, informs LETA.
Vol. 3 Financial services through EU’s policies and legislation (part II)
The Capital Markets Union (CMU) aims to break down the barriers that are blocking cross-border investments in the EU and preventing businesses from getting access to finance. The current situation is being quite tough for businesses that remain heavily reliant on banks and relatively less on capital markets.
Covered bonds: an integral part of capital market union
Covered bonds are a part of the Commission’s broader efforts to build a single market for capital in the EU. The capital market union (CMU) goal is to help money flow throughout the EU to where it's most productive. It's to connect savings effectively to growth, to channel investment to projects which need financing, to give all companies a greater choice of funding, and to increase the options for people saving for the long term.
Number of cows has dropped by tenth in Estonia in 1.5 years
The crisis of the milk market had caused the number of cows in Estonia to drop by about one-tenth and the reduction probably will continue, the Estonian Chamber of Agriculture and Commerce says, cites LETA/BNS.
KVV Liepajas Metalurgs workers stage protest demanding government support for the company
Some 50 employees of the joint-stock metallurgical company KVV Liepajas Metalurgs staged a picket outside the government house in Riga on Tuesday, demanding that the government step in and prevent the company's closure, informs LETA.
OSCE in Lithuania: fight against propaganda must involve education and not bans
As the Baltic States fight Russian propaganda, not only positive but also negative steps have been taken in the Baltic state, OSCE Representative on Freedom of the Media Dunja Mijatovic, currently in Vilnius, said, reports LETA/BNS.
Russia's crisis forces Kauno Baltija to change partners
Tens of brands have exited Russia in the past two years and several Lithuanian garment makers have rushed to replace their old partners with new ones amid a fall in orders, the business daily Verslo Zinios reported on February 2nd, cites LETA/BNS.
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