- EuroChem planning ammonia terminal at Estonia's Sillamae
The Russian manufacturer of fertilizers EuroChem Group AG is planning to set up an ammonia terminal at Sillamae, Estonia for 15 million Euros to supply an ammonia factory that is about to be built in the town of Kingisepp in Russia, not far from the Estonian-Russian border.
- Lithuanian builder Litana gains foothold in Europe, eyes Kuwait
Lithuania's construction group Litana regards Europe and Scandinavia, where it has been operating for a decade now, as its home market and is gradually expanding its geographical reach, with plans to enter Kuwait shortly.
- Latvia‘s new car registration lower
In the first eight months of this year, Latvia recorded a slower rise in new car registration than average in Europe, according to the latest data released today by the European Automobile Manufacturers' Association.
- Estonia‘s Ekspress Grupp merges book publishers
The listed Estonian media holding AS Ekspress Grupp has decided to merge the subsidiary OU Hea Lugu and the book publishing division of the joint venture AS Ajakirjade Kirjastus.
- Estonia not to impose sweetened beverage tax in 2018
The Estonian government has decided that no sweetened beverage tax will be introduced next year.
- Ministry calls on EU not to compromise food quality for Eastern Europe
Lithuanian Agriculture Minister Bronius Markauskas thinks that the European Union should ban international corporations from using different ingredients in food products that are sold in Eastern Europe under the same brand names as in Western Europe.
- OECD: Estonia must invest in productivity, green energy
The Estonian economic outlook is improving, with growth gaining momentum, wages increasing and a resilient export performance.
- EC approves merger between Nordea, DNB banks
The European Commission has approved the merger between Nordea and DNB banks in the Baltic States, the representatives of the two banks announced.
- HansaMatrix CEO: “Trust Your Senses - My Unwritten Rule I Follow In Making Strategic Decisions”
The TechChill startup event, being held in Riga February 9-10, will bring a dozen Baltic startup leaders and trailblazers, among them Ilmars Osmanis, the CEO of HansaMatrix, an edge-cutting electronics manufacturer.
- 1.8 mln euro planned for Lithuanian MPs’ severance pay
Over 1.8 million euros have been reserved for Lithuanian MPs who lose their mandates in the upcoming elections, as well as their assistants and secretaries, Lietuvos Zinios daily said.
- Estonia rises one notch in World Bank’s logistics performance rankings
Estonia has risen by one notch, to 38th position, in this year’s logistics performance rankings of the World Bank, ahead of its Baltic neighbour Latvia but below Lithuania.
- Huawei Technology Vilnius’ revenue up 80 per cent
Huawei Technology Vilnius, owned by China’s telecommunications giant Huawei, generated revenue of 22.021 million euros last year, up by 79.8 per cent from 12.247 million euros in 2014.
- Why this Estonian startup is giving away free shares
Scientific research often attracts dedicated-but-introverted professionals, who seek to advance human progress rather than to grow their personal networks.
- Estonian FinMin expects prices to take upward turn in August
The Estonian Finance Ministry forecasts a rise in consumer prices in August and a general price rise in autumn, as the energy price decrease has slowed down and tobacco prices are going up.
- Reirs proposes to increase minimum monthly wage to 407 euros
Continuing discussions on increase of the minimum wage, social contributions in this context will also grow, and it will be possible to revise social support in the future, said Latvian Welfare Minister Janis Reirs (Unity).
- Regulator fines Latvijas Pasta Banka 305,000 euros
The Financial and Capital Market Commission (FCMC) has imposed a fine of 305,000 euros on Latvijas Pasta Banka for the bank’s failure to comply with requirements aimed at preventing money laundering and terrorist financing.
- Lithuania’s richest party leaders and MEPs
Ramunas Karbauskis, leader of the Peasant and Green Union, is the wealthiest among the leaders of Lithuanian political parties that hold seats in the current Seimas or are likely to win seats in the next parliament based on opinion polls, according to asset declarations published by the State Tax Inspectorate on Monday, July 25.
- Estonian fish processing company’s salmon export to Japan worth 2.3 mln
Estonian fish processing company M.V.Wool AS is to export 200 tons of salmon worth around 2.3 million euros to Japan in the second half of 2016.
- Private business sector spearheading developments in Riga for new conference and concert centre
The private business sector has played a major role in spearheading the campaign for the construction of the new circa 30-million-euro Latvian Museum of Contemporary Art in Riga.
- Spat between VNT and Ventspils authorities may be too deep to sort out of court
Following The Baltic Times’ interview with Lars Pantzlaff, the managing director of Ventspils nafta terminals (VNT), one of the largest taxpayers in Ventspils and Latvia, the authorities of Ventspils replied to the query by our newspaper, giving explanation about their VNT-related policies.