On weekends, Vilnius looks like a Belarusian city, reports the Belarus Digest. Cars with Belarusian registration plates, crowds of Belarusians carrying shopping bags, even bus schedules to Belarus from big shopping centres. In 2012, according to the Lithuanian State Department of Tourism, 400,000 Belarusian guests …
2 months, 1 week ago by
Managing-Ed
Tags: airport, Alexander Lukashenko, Belarus, Belavia, Konrad Adenauer, Lithuania, Minsk, political, Shopping, trade, Vilnius, visas
The food basket for a four-person family in Latvia costs 14% more than it does in Lithuania and 5% more than Estonia, writes bnn-news. The food basket or the optimal amount of food for a four-person family in Lithuania costs an average of 196 LVL …
2 months, 3 weeks ago by
Managing-Ed
Tags: Baltics, consumers, Estonia, food basket, food costs, Latvia, Lithuania
Statistics Lithuania informs that in January 2013, compared to December 2012, prices for consumer goods and services increased by 0.2 per cent. The overall change in consumer prices was mainly influenced by a decrease in prices for electricity, fruit and berries, fuels and lubricants, as well as …
3 months ago by
Managing-Ed
Tags: clothing, construction, consumer goods, electricity, footwear, services, Statistics Lithuania
Lithuania-based retailer Maxima has reported revenue of LTL8.2 billion (USD3.1 billion) for the financial year 2012, up 5.8% in comparison to the same period last year. Growth in turnover was driven by development of the network in Estonia and Latvia and the acquisition of the …
3 months ago by
Managing-Ed
Tags: Aldik Nova, Bulgaria, Estonia, Fiscal year, Latvia, Lithuania, Maxima, Poland
Forbes Magazine has ranked world’s top 25 countries to do business in, and ranked Estonia 22nd, right behind Germany, reported bbn.ee. The authors ranked countries at criteria such as innovation, taxation, technology, corruption, personal and trade freedoms, investor protection, stock exchange, etc. The list was …
3 months, 2 weeks ago by
Managing-Ed
Tags: Baltic States, Canada, CIA, Denmark, Estonia, Finland, Forbes, Freedom House, Heritage Foundation, Hong Kong, Ireland, Latvia, Lithuania, Macedonia, New Zealand, Norway, Poland, Property Rights Alliance, Singapore, Sweden, Transparency International, UK, USA, World Bank, World Economic Forum
Specialists have not found any products allegedly contaminated with rat poison produced by a Polish company after inspecting shops and marketplaces. “Inspectors have not found allegedly contaminated confectionary produced by Polish company Magnolia Sp. z o. o. from Nov. 22, 2012,” Lithuania’s State Food and …
3 months, 3 weeks ago by
Managing-Ed
Tags: Belgium, Bulgaria, Germany, Hungary, Latvia, Magnolia, Poland, rat poison, Romania, Slovakia, State Food and Veterinary Service, Sweden, the Czech Republic
European news portal, presseurop.eu, published an interesting story on how large numbers of Belarussians are crossing into the Lithuanian border to purchase large quantities of goods, reportedly unavailable or pricier in their homeland. The high numbers of wealthy Belarussians clients have helped prop up certain …
4 months ago by
Managing-Ed
Tags: Belarus, clients, Shopping, wealthy
FDI Magazine, a division of The Financial Times, has analyzed foreign direct investments across the world and ranked Vilnius as one of the best performing regions, having gained markedly more investments than last year, writes Invest Lithuania. With a 100% increase in FDI, Vilnius has …
4 months, 1 week ago by
Managing-Ed
Tags: Arturas Zuokas, Choice Hotels, FDI Magazine, Financial Times, Foreign Direct Investment, IKEA, Kempinski, Thermo Fisher Scientific, Vilnius
In 2013, small and medium-sized (SME) enterprises in Estonia, Latvia and Lithuania expect higher sales and considerable export activity, indicates a flash survey conducted by SEB in all Baltic countries, informed SEB Bankas. Polling about 3,500 companies during a large-scale advisory project, the bank drew …
4 months, 4 weeks ago by
Managing-Ed
Tags: Baltic States, business activity, economic growth, SEB bankas