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Monday 22.01.2018 | Name days: Austris

Estonian producer price index continues to climb up

Estonian producer price index of the Baltic country's industrial output in November 2017 changed by 0.3% when compared to October and by 3.3% when set against the same period in 2016, Estonian statisticians have estimated.

Volume of beer produced in Latvia grows 9.36% in first ten months of 2017

In the first ten months of 2017, a total of 71.5 million litres of beer was produced in Latvia, which is 9.36% when compared with the same period of 2016, according to data compiled by the State Revenue Service.

Karavela: the year was difficult for fishing industry in Latvia and elsewhere in the world

2017 was very difficult for the fishing industry in Latvia and western countries, said co-owner and marketing director of Karavela canned fish producing company Jānis Endele, commenting on the situation in the industry in 2017.

Estonia continues work on its digital currency

As Estonia is considering the introduction of a virtual currency, it is looking into three models of its future electronic money, dubbed patriotically the «estcoin».

Latvia’s inflation level was fourth highest in EU in November

November’s inflation in Latvia was fourth highest among member states of the European Union, according to Eurostat data published on Monday, 18 December.

Ryanair pilots in talks not to strike before Christmas

Pilots of popular airline Ryanair have suspended plans to hold a day-long strike before Christmas after the Irish company agreed to recognise pilot trade unions for the first time.

Estonian fund permitted to purchase several Latvia energy production companies

Latvian Competition Council has permitted Estonian fund to purchase several energy production and agricultural companies.

Meat processing giant sees room for growth in ready-to-eat foods

Consumption in the meat market segment of ready-to-eat foods is growing quickly, evaluated Finnish meat processing group HKScan that is planning to invest eight million euros in its factory in Estonia.

Aldaris commences exports to France, China and Netherlands

Aldaris concludes 2017 with three new export contracts, commencing exports of products to China, France and Netherlands. Until now Aldaris has exported products to eight markets, with the largest one being United Kingdom, taking up 78.71% from Aldaris export volume, as reported by the company.

Estonian budget passed with 0.25 billion-euro deficit

The Estonian Riigikogu with 55 votes against 41 has passed the country’s 2018 state budget bill planning to spend by 0.25 billion more than it is planned to earn.

Pilots of Ryanair expected to strike prior to Christmas

The clients of Irish low-fare airline Ryanair will face inconvenience before Christmas as pilots and crew announced industrial action seeking to achieve union recognition and better conditions in the company, which is criticised by unions that it fails to offer pilots the same pay and conditions as its rivals.

De Facto: company responsible for Rail Baltica project involved in a fraud case

The company owned by the new head of Eiropas Dzelzceļa līnijas Andris Linužs is involved in a criminal process regarding fraud and document forging when receiving state funding for procurement of wind turbines. The committee that picked Linužs for the important post was not aware of this fact, as reported by De Facto programme of LTV.

French salmonella outbreak prompts recall of Lactalis baby milk formula

Baby milk powder producer Lactalis in France has made an international recall of its produce marketed globally under the Milumel, Picot and Celi brands after a salmonella outbreak in France.

Week in Lithuania. Vilnius mayor apologises for poor performance of road services

Vilnius Mayor Remigijus Šimašius has admitted that the road services of the Lithuanian capital city were not efficient enough in their response to the weather conditions, apologising to Vilnius residents for the inconveniences they encountered due to traffic interruptions.

Riga Black Balsam enters the market in US

Riga Black Balsam brand has begun exploring the market in the United States of America. Exploration of the market commenced with New York, followed up by a presentation of Riga Black Balsam in Texas, Florida, San Francisco and Illinois in 2018, as reported by the company’s representatives.

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