Thu, 10 Jun 2010: Company briefs…
Jun 10, 2010 Baltics
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....Tags: Asset Management, Athens, Baltic States, Company Briefs, Company Insurance, Decline, Estonian Air, Finland, Implementation, Insurance, Investment Solutions, July 1, Life Insurance Company, Months Of The Year, New Strategy, Parent Company, Passenger Numbers, Sampo, Subsidiary, Tallinn
Thu, 8 May 2008: Swedish firm purchases two Latvian forestry companies…
May 8, 2008 Latvia
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...Tags: Assets, Forestry Companies, Fragaria, Group Structure, Investment Fund, Investment Plan, Larson, Lats, Latvia, Long Term Investment, Myrtillus, Parent Company, Percent Stake, Priorities, Ruda, Sustainable Forest Management, Swedish Companies, Swedish Firm, Takeovers
Wed, 12 Dec 2007: Deal on national power utility remains elusive …
Dec 12, 2007 Baltics
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...Tags: Crux, Economy Minister, Energy Company, Lietuvos Energija, Lithuanian, National Energy, Nuclear Plant, Nuclear Power Plant, Parent Company, Parliament, Point Of View, Proposal, Rst, Subsidiaries, Vytas
Wed, 5 Dec 2007: Subsidiary vs. branch…
Dec 5, 2007 Baltics
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...Tags: Distinction, Lithuania, Lithuanian Companies, Lithuanian Company, Marketing, Parent Company, Permanent Establishment, Presence, Promotional Activity, Representative Office, Subsidiary, Tax Regimes, Wed 5
Wed, 22 Nov 2006: GE Money takes on Baltic lending…
Nov 22, 2006 Baltics
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...Tags: Board Chairman, Btb, Companies Names, Decisions, Ge Money, Journalists, Latvia, Management Structure, Money Board, Money Lending, Parent Company, Regional Head, Trust Bank
Wed, 2 Aug 2006: Auditors say Rocca arena in peril…
Aug 2, 2006 Baltics
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...Tags: Doing Business, Equity Capital, Kroons, Management Board, Mare, Parent Company, Peril, Shareholders, Stock
Wed, 8 Feb 2006: TALKING TAX…
Feb 8, 2006 Baltics
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 ...Tags: Acquisition, Capital Gain, Capital Gains, Grants, Imposition, Income Tax, Parent Company, Stock Option, Stock Options, Taxation Principles, Taxation Treatment
Wed, 21 Sep 2005: Finnish feed producer to build new plant…
Sep 21, 2005 Baltics
"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...Tags: Baltic Market, Belarus, Estonia, Executive Director, Finland, Fodder Additives, Investments, Lithuania, Market Share, Parent Company, Russia, Vitamins
Wed, 18 May 2005: Eniro sells Baltic subsidiaries…
May 18, 2005 Baltics
"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...Tags: Baltic States, Directory Assistance, Doing Business, Early 1990s, Eniro, Internet Services, Parent Company, Private Persons, S Sales, Subsidiaries, Swedish Kronor
Wed, 2 Mar 2005: Taking counsel…
Mar 2, 2005 Baltics
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...Tags: Academics, Amendments, Debates, Employment Contracts, Equivalent Measures, Parent Company, Professional Training, Provisions, Senate, Undertaking
Thu, 4 Dec 2003: Finnish tax rejected by court…
Dec 4, 2003 Baltics
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...Tags: Double Taxation, Earnings, Estonia, Finland, Finnish Authorities, Helsinki Consulting Group, Income Tax Law, Parent Company, Subsidiary, Tax Experts
Sat, 21 Jun 2003: Rannila Lietuva opens new steel plant…
Jun 21, 2003 Baltics
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...Tags: Baltic Region, Expansion Strategy, Finland, Lietuva, Litas, New Steel, Nordic Countries, Parent Company, Poland, Profile, Rannila, Rautaruukki, Roofing Systems, Russia, Steel Plant, Steel Roofing, Turnover, Two Thirds, Workforce
Thu, 25 Feb 1999: Furniture companies join forces…
Feb 25, 1999 Baltics
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...Tags: Asko, Estonian Companies, Estonian Furniture, Furniture Companies, Furniture Market, Merged Company, Nine Years, Parent Company, Producers, Quality Furniture, Quality Level, Selling Furniture, Sotka, Stock Exchange, Stocks, Turnover
Thu, 3 Dec 1998: Earnings of the listed and to-be-listed companies…
Dec 3, 1998 Baltics
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...Tags: Car Seat Belt, Earnings, Finance Director, Investments, Kroons, Net Profit, Net Sales, Norma, Operating Profit, Parent Company, Peep, Profits, Sales Turnover, Subsidiary, Tallinn Stock Exchange
Thu, 12 Nov 1998: Earnings of the listed and to-be-listed companies…
Nov 12, 1998 Baltics
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...Tags: Chief Finance, Earnings, Finance Manager, Goals, Hotel Group, Hotel Olumpia, Kroons, Management Development, Marketing Development, Marketing Management, Net Sales, Parent Company, Pharmaceutical Factory, Stock Exchange, Three Quarters
Thu, 8 Oct 1998: Latvia postpones Baltic customs tariffs…
Oct 8, 1998 Latvia
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...Tags: Agriculture Ministry, Baltic, Customs Tariffs, Kilogram, Lats, Latvia, Lithuanian, Local Produce, Meat Processing, Parent Company, Parliament, Pork Producers, Processing Company, Sausages, Slaughterhouse
Thu, 30 Jul 1998: Hanza Lizings grabs for more …
Jul 30, 1998 Baltics
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...Tags: Baltic Market, Birk, Consolidation, Grabs, Interest Rates, Interests Rates, Latvian Company, Latvian Market, Leasing Market, Market Share, Parent Company, Portfolios