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Monday, 02.06.2025, 14:50
Estonian regulator: restrictions on pharmacies have undermined competition
The Competition Authority in Estonia has recommended to revise and repeal a requirement whereby pharmacies can be owned in Estonia only by dispensing chemists and wholesalers of medicines must not be linked to the ownership of pharmacies, finding that the restrictions have undermined competition instead of enhancing it, informs LETA/BNS.
Lithuanian Government agrees to implement the Vilnius multifunctional hub project
On the 9th of December 2015, Lithuania's Cabinet of Ministers agreed to implement a Vilnius multifunctional hub project together with the city government of Vilnius. The Department of Sports under the Government was delegated to join efforts with the city government to organise a concession procurement process and sign a three-party concession agreement with a preferred bidder, reported BC chief project manager for PPP Irmantas Butkauskas.
Estonia's OEG gets regulatory approval to buy Lithuania's Orakulas
Estonia's Olympic Entertainment Group (OEG), the Baltic's dominant gaming services provider, has obtained approval from Lithuania's competition watchdog to acquire 100% of shares in Lithuania's sports betting operator Orakulas, informs LETA/BNS.
Estonian producers' interest in British market on rise
Estonian producers' interest in the British market keeps growing, said Foreign Minister Marina Kaljurand, who on December 11th opened the British branch of the British-Estonian Chamber of Commerce (BECC), reports LETA/BNS.
Latvia, Belarus to expand cooperation in transport, logistics, transit
Latvia and Belarus will expand cooperation in transport, logistics and transit, the representatives of both countries decided at the meeting of the Latvia-Belarus Intergovernmental Commission on Economic, Scientific and Technical Cooperation in Daugavpils, south-eastern Latvia, informs LETA.
Consumption in Baltic countries converging towards EU average at rapid pace
Consumption in the three Baltic countries is converging towards the European Union’s (EU) average rate at a rapid pace and the growth of consumption in Lithuania, Latvia and Estonia has been the fastest among 28 Member States in the past three years, data from Eurostat showed on December 11th, cites LETA/BNS.
Trelleborg Group investing another EUR 0.35 mln in Lithuanian unit
Sweden's Trelleborg Group, a world leader in engineered polymer solutions, is investing another 350,000 euros in a new production line in the Taurage industrial park, in western Lithuania, Invest Lithuania said on December 11th, cites LETA/BNS.
Pata – the largest company in Latvian forest industry in 2014
Incukalns logging company Pata was the largest company in forest industry of Latvia last year with annual turnover at EUR 149.268 million, according to the Latvian Business Annual Report 2015 compiled by Latvijas Talrunis, Firmas.lv and agency LETA.
Estonian Saku starts export of beverages to New Zealand
The Estonian beverage group Saku Olletehas, which has boosted its sales in Asia extensively in 2015, has started exporting its output to New Zealand and is working intensively to launch exports to Japan, informs LETA.
Russian counter-sanctions have caused Latvia losses of 0.25% GDP
Russian counter-sanctions have caused Latvia losses of 0.25% of GDP, LETA has found out.
Wages to increase 8% for most healthcare workers in Latvia in 2016
Latvian Health and Social Care Workers' Trade Union and Health Ministry's representatives agreed in principle yesterday on a new salary system for healthcare workers, under which the average salaries for physicians, nurses, and other healthcare workers would increase 8% in 2016.
Flower business for sale in Riga
Company – the official representative in Latvia of the world famous company Verdissimo in selling stabilized flowers, plants, moss and trees – is offering business for sale in Riga.
Klaipedos Baldai set to enter painted furniture market
With the global demand for furniture with artificial cover growing at a pace of approximately 10% each year, Klaipedos Baldai (Klaipeda Furniture), one of the largest European manufacturers of particle board furniture from natural veneer sheet, is poised to enter the market for painted furniture, which is gaining in popularity fast, the Verslo Zinios business daily reports on Friday.
Tallinn approves ad tax hike, restrictions on advertising
The council of Tallinn on December 10th endorsed with votes 45 to six two regulations that will increase the advertising tax from the beginning of 2017 and ban public advertisements of alcohol, tobacco and payday loans in the city, reports LETA/BNS.
Denmark’s Oppenhejm & Jansson to build factory in Panevezys
Denmark’s Oppenhejm & Jansson, the manufacturer of safety products with units in China and Denmark, will invest in a new factory in Panevezys, Northeast Lithuania, which will produce first aid kits for Tesla, Volvo and Renault cars, reports LETA/BNS.
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