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Sunday 26.03.2017 | Name days: Eiženija, Ženija

MTG intends to conclude talks on selling its business in Baltics soon

Swedish media concern Modern Times Group may soon conclude talks regarding the sale of its business in Baltic States. According to information from BNS, one of the realistic buyers is Bite Group owner – American private capital investment fund Providence Equity Partners.

Maxima Latvia becomes a member of Foreign Investors Council in Latvia

Maxima Latvia was accepted as a member of the Foreign Investors Council in Latvia. Over the past seven years, the company has invested EUR 43 million in Latvia, as reported by Maxima representatives.

Example collective agreement – Estonian trade union praises Telia

The collective agreement agreed to by telecommunications firm Telia Eesti is an example to how an employer can treat its employees, evaluated the Estonian Communication and Service Workers' Trade Union.

De Facto: 10% of Latvian municipalities refuse complying with Constitutional Court’s ruling

For approximately three and a half years one-tenth of Latvian municipalities have been refusing to comply with Constitutional Court’s ruling on changing waste management companies, as reported by De Facto.

Changes in Latvenergo’s Audit Committee

New members of Latvenergo’s Audit Committee were elected at an extraordinary meeting of shareholders on Friday, 3 March.

Estonia allows testing self-driving cars on public roads

Estonia has allowed self-driving cars to take part in public traffic for testing purposes, if a vehicle has a driver who can take over driving, when necessary.

SEB: 62% of Latvians do not expect to receive the entire amount of their pension

Latvian residents lack information about the formation of pension capital. On top of that, their trust in the system is very low, as concluded in SEB Bank’s latest survey.

Baltic stock exchanges’ activity was the highest with Estonian gambling companies in February

Stock trading at Baltic Nasdaq exchange in February was active the most with Estonian Olympic Entertainment Group stocks, according to market statistics.

Grindeks board member announces decision to resign

Member of Grindeks management board Ibrahim Muhtsi has announced his decision to resign from his post on 1 March, as reported by the company.

Latvijas Gāze: clients outside Latvia were sold 9% of last year’s total gas volume

«Revenue under natural gas price has declined 11% compared with the previous year and was EUR 392.3 million. Nevertheless, thanks to sales volume, EBITDA has grown 11% to EUR 76.5 million. The company’s net revenue was EUR 37.5 million last year,» Latvijas Gāze reports, commenting on last year’s results.

Estonia to continue to develop 25 small ports with EU fund money

A funding programme worth five million euros to develop 25 small ports in Estonia has been signed by Estonian Minister of Entrepreneurship and Information Technology.

Latvian government concludes work on amendments to Law on Register of Enterprises

Registration of enterprises in Latvia will no longer be tied to a specific geographical location. It will be allowed to be performed in any regional office. This is provided by amendments to the Law on Register of Enterprises prepared by Latvian Saeima’s Legal Affairs Committee for the third and final reading on Tuesday, 28 February.

Latvia's GDP grew by 2.0% in 2016; by 2.6% in the fourth quarter

In 2016, Latvia’s GDP had increased by 2.0 %. GDP at current prices amounted to EUR 25 billion, whereas at constant prices – to EUR 21.8 billion.