The milk processing and ice cream production company “Food Union”, which includes the production centers AS “Rigas piena kombināts” and AS “Valmieras piens”, closed the year 2023 with a consolidated turnover of 150.2 million euros , which is +12% more compared to the previous period (127.8 million euros). Gross profit increased +49% from 17.7 million … Read more
On Wednesday, the Estonian government supported the draft law on the 2025 state budget in an emergency meeting. The bill expects the state budget income to reach 17.7 billion euros next year, which is 900 million euros or 5.2% more than this year. On the other hand, it is planned to increase the state budget … Read more
In October of this year, JSC “Regional investment bank” (RIB) concluded a financial transaction with JSC “Brīvais vilnis“, refinancing the company’s financial obligations in the amount of 925 thousand euros. AS “Brīvais vilnis” is one of the leading manufacturers of canned fish in Latvia and the Baltics with a history of more than 70 years. … Read more
The consumption of natural gas in Latvia and in Europe continues to decrease, experts believe that such a trend will continue to be observed in the future. A phase-out of carbon-intensive electricity production, including natural gas, is a goal of the European Union’s (EU) climate and energy policy, but it won’t happen overnight – it … Read more
It has grown in the third quarter of this year Luminor the amount of the bank’s loans to individuals, lower costs and better quality of the loan portfolio, while maintaining a strong transparency and capital position, the bank states. In October, Moody’s upgraded Luminor’s credit rating to A2. In this quarter, Luminor’s profit in the … Read more
Global demographic trends show a major change in the structure of society – people over 60 are living longer and are more actively involved in society than in previous generations. These changes lead to growth in the lifetime economy, as older people become an integral part of society not only as consumers, but also as … Read more
To ensure the growth and efficient operation of the company, the top of the local store chain! in the production company SIA “Iperkumu grupa” the process of changing the composition of the management team and the board was completed, and on October 25 of this year, Gatis Jurisons was confirmed as the president of the … Read more
The European Central Bank (ECB) may cut interest rates again if inflation continues to decline and economic growth remains weak, the head of the Central Bank of Lithuania and ECB Council member Gedimin Šimkus announced on Monday. Pointing to forecasts that inflation in the Eurozone will be 2% next year, Šimkus told reporters in Vilnius … Read more
Special or the highest quality AS coffee roasting company Kalve Coffee (KALVE) announces the change of its legal form from a limited liability company (SIA) to a joint stock company (AS), the creation of a board, as well as an increase in the company’s share capital. Therefore, the company continues to actively prepare for its … Read more
Lithuanian drilling, demolition and blasting services company “Detonas” plans to build a trinitrotoluene (TNT) plant in the north of the country, the cost of which is estimated at 28 million euros, and it is expected that the his annual income. could reach 50 million euros. The company plans to invest in the production of TNT … Read more