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Sunday 23.04.2017 | Name days: Jurģis, Juris, Georgs

Study: EU consumers pessimistic about electricity market

58% of interviewed consumers in the European Union admit the electricity retail market in their home country does not function sufficiently, according to results of the European Commission’s Retail energy market study.

Ventspils Freeport terminals transshipped 40% more cargoes than last year

In January 2017, Ventspils Freeport terminals transshipped 2.5 million tons of cargoes, which is 40% more than last year, as reported by the freeport’s public relations manager Inga Ievina.

Relocation from Estonia to Lithuania considered by animal medicine firm Interchemie

The producer of generic veterinary pharmaceuticals Interchemie Eesti considers relocating its manufacturing to Lithuania, citing years of efforts with Estonian authorities to gain extension for a number of marketing licences.

Ryanair blames second on-board luggage for flight delays

Irish low-fares airline Ryanair has unveiled that it is reviewing its decision to allow passengers take second free luggage bag on board after it found that passengers abuse the allowance and cause flight delays.

Finland collects from online alcohol stores two million euros in taxes

Finnish customs officers have managed to collect from retailers in several European countries that sell alcohol online over two million euros to cover unpaid taxes, Finnish Customs announced on Monday, February 6.

January’s volume of cargoes carried by rail larger than last year’s

In January 2017, a total of 4.8 million cargoes were carried using Latvijas dzelzceļš infrastructure, which is 4.6% more when compared with January 2016, as reported by LDz representative Ella Petermane.

Opinions: Baltic businessmen should consider closer cooperation

Instead of creating internal competition, Baltic businessmen should consider cooperating more in order to conquer large export markets, ensure involvement of all three countries and securing sufficient production output, Latvian businessmen active in Estonia say.

Coface: among Baltics, only Estonia works to improve business risk rating

International credit risk insurance company Coface has upgraded Estonia’s rating in the new credit risk rating to A2. Latvia’s and Lithuania’s business environment assessment remain unchanged – A4 and A3 respectively.

Enterprise Registry to fully digitize documents stored in archives

Registration of enterprises will no longer be tied to a specific geographical location. It will be possible to do that from any Enterprise Registry office, as BNN was informed by Saeima press-service.

Lithuania sees more foreign investments, yet they bypass regions

According to Invest Lithuania, a non-profit organization set up by the Ministry of Economy to promote investments in the country, the past year of 2016 was «another record-breaking year» for foreign direct investments (FDI) in Lithuania.

Ikea plans store in Tallinn after Stopiņi

Swedish furniture design and retail giant Ikea expects to enter the Estonian market following the opening of a store in Stopiņi, Latvia, in 2018.

TM: TEN-T railway network’s improvements to be co-financed from Cohesion Fund

On Tuesday, 31 January, the Cabinet of Minister approved rules for the use of co-financing provided by the Cohesion Fund for the railway electrification project.

Baltics sign agreement on realization of Rail Baltica project

On Tuesday, 31 January, in Tallinn Latvian Prime Minister Maris Kucinskis, Estonian Prime Minister Jüri Ratas and Lithuanian Prime Minister Saulius Skvernelis signed an inter-governmental agreement on the realization of Rail Baltica project, as BNN was informed by the prime minister’s press-secretary Andrejs Vaivars.

Estonian manufacturing production up in 2016

The total manufacturing production of Estonian companies increased by two percent in 2016, according to initial estimates by Statistics Estonia.

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