Posts tagged as business

Chinese-Lithuanian relations under threat (Video)

By Kasparas Jankauskas on Tuesday, June 8, 2021

Lithuania decided to stop participating in the so-called “17+1” format – a platform for Beijing’s dialogue with the countries of the Central Europe, Balkan and Baltic regions. Cooperation between China and Central and Eastern European Countries (China-CEEC, also 17+1) is an initiative by the Chinese Ministry of Foreign Affairs to promote business and investment relations between China and 17 European countries. The format’s goals are to promote China’s Belt and…

Street sales in Latvia are temporary ‘stitches’ in business

Thursday, May 20, 2021

Because of restrictions on retail, with large shopping centers still closed, the culture of fairs and markets is booming. Can street trading be a successful business or is it a Covid-19 time survival method? Latvian Radio spoke to sellers and economists May 20. During the pandemic, new sellers have joined the permanent or regular markets that have been there for several years. One after another they told Latvian Radio that there is no…

Linnamäe group reports profits of over €300 million for year to April 2021

Thursday, May 6, 2021

Holding company MM Grupp, owned by businessman Margus Linnamäe, has reported yearly profits of over €300 million, the bulk of which has come from the progress of selling a major pan-Baltic advertising company. The group made losses on its pharmaceutical businesses, it says, the result of last year’s pharmacy reforms. The MM Grupp says total profits stood at €302 million across all sales. The bulk of this derived from the…

Pärnu County in Estonia girl, 10, runs successful pony manure business

Saturday, April 24, 2021

A girl in Pärnu County has been making efficient use of the full range of pony-keeping, by selling manure generated by the pets, ERR’s Menu portal reports. The fertilizer by-product has been a big hit so far, the report said. “I wanted to sell something, and came up with various different ideas. I asked dad, and he suggested this one, I agreed, and then we started selling it,” Emmaliisa Mäesalu,…

Some 71 per cent of Lithuanians want a business, but Covid-19 has caused doubts

Friday, April 16, 2021

Lithuanians are among the leaders in Europe in terms of the number of people who want to have a business as many as 71 per cent, AGER 2020 (Amway Global Entrepreneurship report) shows. However, the optimism that has been growing for many years has diminished due to the pandemic. “The uncertainty and insecurity brought because of COVID-19 has undermined people’s confidence and, at the same time, their desire to do…

EU recovery fund will be targeted at business representatives – Vitenbergs

Friday, February 12, 2021

EUR 1.6 billion available to Latvia from the EU Recovery and Resilience Facility will be directly targeted at business representatives and not at the public sector, said Economics Minister Janis Vitenbergs (For Humane Latvia; KPV LV) at the government meeting today. Discussing the National Industrial Policy Guidelines for 2021-2027, developed by the Economics Ministry, business representatives voiced criticism that the recovery plan provides for attraction of large funds to the…

Business quarter planned near Tartu center city

Wednesday, February 3, 2021

Entrepreneur Neinar Seli is planning a business quarter near the former Physics Institute in Tartu. Seli’s company, Estiko Group, has started to draw up a detailed plan for the project If everything goes to plan, construction should start in a couple of years, ERR reports. Nine business houses will be built and the Tartu Private School will get a new building as well, local newspaper Tartu Postimees writes. “We are…

Business environment significantly worsened in December

Saturday, January 9, 2021

Data of business tendency surveys published January 8 by the Central Statistical Bureau (CSB) show that in December 2020 business confidence indicators dropped in all sectors. Confidence indicators dropped slightly in construction and industry, but in retail trade and services sector there was a significant drop. According to LSM, business confidence indicators characterize general situation in the sector, and they are acquired by carrying out business surveys in industry, construction, retail trade…

Business environment worsened in retail and services sector in November in Latvia

Wednesday, December 2, 2020

Data of business tendency surveys  published November 30 by the Central Statistical Bureau (CSB) show that in November 2020, business confidence indicator has experienced a significant drop in retail trade and services sector. Business confidence indicators characterize the general situation in the sector and they are acquired by carrying out business surveys in industry, construction, retail trade and services sector .  If the indicator is above zero, business environment is positive, if it is below zero – business environment…

Business confidence dipped in October

Monday, November 2, 2020

Data released November 2 by the Central Statistical Bureau (CSB) show that, compared to September, in October 2020 business confidence indicators slightly dropped in industry, construction and the services sector, but in retail trade the indicator has remained at the level of September. Business confidence indicators characterize the general situation in the sector, and they are acquired by carrying out business surveys in industry, construction, retail trade and services sectors. If the indicator is above zero,…