Posts published in Day: April 7, 2021

AS Baltika sells Monton trademarks

Wednesday, April 7, 2021

Listed Estonian garment seller AS Baltika signed an agreement earlier this month to sell the Monton trademarks in Europe to Shenzhen Maiteng International Apparel Co.Ltd, which operates the Monton Sports sportswear brand. All proceeds from the sale will be used to repay a loan to the bank which holds a pledge to the trademark. Baltika Group will have the license to sell under the Monton brand for free until the…

IMF predicts Latvia to have fastest economic growth among Baltic States

Wednesday, April 7, 2021

Latvia is expecting the fastest economic growth from the Baltic States this year, according to the World Economic spring forecasts published Tuesday by the International Monetary Fund (IMF), LETA reported April 6. In the latest  World Economic Outlook   report, the IMF forecasts that Latvian economy will grow by 3.9% this year, less than the 5.2% growth estimated in previous forecasts in October. Next year, IMF forecasts Latvia’s GDP growth of 5.2%,…

Latvia: Shopping mall to bring stores out on the street

Wednesday, April 7, 2021

As of Wednesday, specialized shops and small retail sites can reopen their doors to visitors, but  tight restrictions hit malls . Frustrated representatives of shopping malls have already reached out to the Rīga City Council to arrange that shops can go outside and sell their products, Latvian Television reported April 6. As of April 7, shops that are located outside shopping malls may open, and outdoor sales are also allowed. However, in…

Domestic tourists keeping Estonian tourism industry in business

Wednesday, April 7, 2021

In February, Estonian accommodation establishments served nearly 100,000 tourists who spent 187,000 nights in total, data from Statistics Estonia shows. The number of visitors dropped by 57 percent compared to February 2020. Analyst at Statistics Estonia Helga Laurmaa said most of the accommodated guests were domestic tourists and only 13 percent were foreign tourists. “Year on year, the number of foreign tourists fell by 90 percent and the number of…

Latvian Border Guard catch travelers with fake Covid-19 test results

Wednesday, April 7, 2021

The Latvian border guards have identified fake Covid-19 test results for the first time since the introduction of the state of emergency, Latvian Border Guard press representative Kristīne Pētersone told LETA April 6. On April 2, border guards in Valka stopped a van and identified eight Ukrainian citizens with fake Covid-19 tests. A €650 penalty was imposed on each person. On April 5, in Valka, border guards stopped another van, with…

Will Latvia be ready for packaging deposit system?

Wednesday, April 7, 2021

On February 1, 2022, Latvia should start operating a deposit system. Latvian Television’s broadcast Vides fakti (Environmental Facts) explored what is being done about it and whether Latvia will achieve it on time. State Environmental Service (VVD) has entered into an agreement with the deposit packaging operators  “Depozīta iepakojuma operators” Ltd.   and preparations are ongoing to implement the system. “A number of different partner selection processes, competitions, are currently underway. The…

€3.3 million expansion planned for Tallinn’s Balti Jaam station

Wednesday, April 7, 2021

State-owned railway infrastructure company Estonian Railways (Eesti Raudtee) and Leonhard Weiss OU have entered into a contract for expanding the Balti Jaam central railway station of Tallinn for slightly over €3.3 million. In the framework of the project, two new station tracks will be built at the station complete with platforms, as well as an additional main track built between the Paldiski Road rail bridge and Kitsekula station. Riho Vjatkin,…

Industrial production in Latvia ticked up in February

Wednesday, April 7, 2021

Data compiled by the Central Statistical Bureau (CSB) and released April 6 show that, compared to February 2020, in February 2021 Latvia’s industrial production output rose by 1.5 % according to calendar adjusted data at constant prices. the figures were affected by a production output increase in manufacturing – by 0.8 % and in electricity and gas supply – by 8.8 %, while in mining and quarrying production output decreased by 8 %. Compared to the corresponding month…