Olainfarm announces name change
Latvian medicines manufacturer Olainfarm JSC plans to change its name to Olpha, as confirmed by Olainfarm board chairman Juris Bundulis. “Re-branding in the…
Category: Business
Central Laboratory reports severe drop in turnover of profits after Covid-19 pandemic
In 2023, Central Laboratory LLC operated with turnover of EUR 33.51 million, which is 50% less when compared to 2022. The company’s profits…
Riga City Council concerned about Andrejsala developer’s uncoordinated activities
Riga municipality intends to request explanations from Andrejsala developer and investor, real estate developer company Eagle Hills for possible arbitrary action and non-compliance…
Stena Line Latvian branch reports turnover growth of 6.5% last year
The Latvian branch of Stena Line ferry operator worked with turnover of EUR 3.54 million in 2023, which is 6.5% more when compared…
Estonia’s economy contracted by 2.4% in Q1
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period…
“It feels as though the state doesn’t need our jobs”, Bio-Venta turns to state president
“We cannot understand how we can discuss the green course, bio-fuel and development of this sector if the state that has the biggest…
Multiple banks unsure if they want to sue Latvia over legislative amendments
Luminor Bank has decided not to challenge in court the amendments to the law adopted to support housing loan borrowers, but the other…
In Estonia, output of fish farms increased, prices remained largely unchanged
According to Statistics Estonia, in 2023, aquaculture enterprises (fish and crayfish farms) sold 918 tonnes of commercial fish and crayfish, for a total…
Gren to invest 200 million into regeneration power plant in Acone
Gren Group plans to invest EUR 200 million into Latvia by the year 2029. This includes investment into the creation of a regeneration…
