Thu, 10 Jun 2010: Company briefs…

Passenger numbers in the first few months of the year indicate that the decline is stabilizing. In terms of new destinations, Estonian Air is planning to launch the Tallinn-Athens route on July 5....

Thu, 8 May 2008: Swedish firm purchases two Latvian forestry companies…

However, experts have estimated that the possible sum of the transaction could be 40 's 50 million lats (57 's 71 million euros), the paper reported. According to the paper, Bergvik Skog purchase...

Wed, 12 Dec 2007: Deal on national power utility remains elusive …

6. The crux of the dispute revolves around the structure of the future utility. The government wants to establish a national energy company by merging the two grid operators 's state-owned RST and...

Wed, 5 Dec 2007: Subsidiary vs. branch…

Lithuanian laws allow a representative office to engage in very limited non-commercial activities; it is, however, a sufficient vehicle for purposes of marketing, representation and promotional ac...

Wed, 22 Nov 2006: GE Money takes on Baltic lending…

GE Money is said to be currently considering these options. In Latvia, the company announced the purchase of 98 percent of Latvia's Baltic Trust Bank (BTB) in mid-October. The transaction was give...

Wed, 2 Aug 2006: Auditors say Rocca arena in peril…

The auditor said whether the company can continue doing business depends on the owners coming up with additional financing. As of the end of the year, the equity capital of Rocca al Mare Suurhal...

Wed, 8 Feb 2006: TALKING TAX…

Granting a stock option free of charge will trigger the imposition of 23/77 income tax on the market value of the option payable by the employer. Furthermore, the employer will be required to pay ...

Wed, 21 Sep 2005: Finnish feed producer to build new plant…

"The developing Baltic market is the main reason why the company will make such large investments," he said, adding that Suomen Rehu, Baltic Feed's Finnish parent company, would invest funds. Teik...

Wed, 18 May 2005: Eniro sells Baltic subsidiaries…

"Interinfo regards the possible deal as a very positive development for customers, users and employees of those companies," Sule said. Following the sale of Baltic operations, Eniro will concentra...

Wed, 2 Mar 2005: Taking counsel…

Following lengthy debates between practitioners and academics in the field, the senate has confirmed in its recent rulings that a refusal of an employee to agree to amendments to an employment con...

Thu, 4 Dec 2003: Finnish tax rejected by court…

But Finland's Tax Board claimed that, as the parent company of Esko, the Helsinki Consulting Group must pay income tax in Finland on the subsidiary's retained earnings to the tune of 1.6 million k...

Sat, 21 Jun 2003: Rannila Lietuva opens new steel plant…

Mikko Kivimaki, president of Rannila Lietuva's parent company, the Finland-based Rautaruukki, said the group had sound reasons for expanding its operations in Lithuania. "Sales in the Nordic count...

Thu, 25 Feb 1999: Furniture companies join forces…

The Finnish and Estonian companies can, however, compete on the quality level.Narhinsalo said the quality of Estonian furniture is good, and Sotka has been cooperating with local producers for nin...

Thu, 3 Dec 1998: Earnings of the listed and to-be-listed companies…

รค The Tallinn-based car seat-belt maker Norma earned a net profit of 33.3 million kroons on net sales of 337.3 million kroons during the first 10 months of 1998. Compared with the same period las...

Thu, 12 Nov 1998: Earnings of the listed and to-be-listed companies…

Consolidated net sales during the same period totaled 153.9 million kroons, including 148.6 million kroons from hotel Olumpia, the company told the stock exchange. The nine-month profit was down b...

Thu, 8 Oct 1998: Latvia postpones Baltic customs tariffs…

10 so that other Lithuanian dairies could keep on exporting to Latvia without paying customs tariffs.According to the Latvian Agriculture Ministry, Lithuanians buy butter at 1.15 ($1.98) to 1.34 l...

Thu, 30 Jul 1998: Hanza Lizings grabs for more …

Currently the company holds a 30 percent market share, while LZB Lizings has only 3 to 4 percent of the Latvian leasing market.According to Birkmanis, the two companies' consolidation serves the i...
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