Monthly Archives: May 2012

Summer Business Boom for Tallinn’s Hotels

Summer Business Boom for Tallinn’s Hotels

This summer looks set to be a scorcher for many hotels in Tallinn, Estonia’s capital. Larger hotels are hoping to blast former sales records through the roof due to increased occupancy rates, which were 97.3% last year and 95% the year before that. If all goes to plan, this year that figure should be...

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Lithuania Recognises Importance of CFOs

Lithuania Recognises Importance of CFOs

For the forth year running Lithuania have shown recognition to their country’s top and best performing Chief Financial Officers (CFO) at ‘The Committee of CFO of the Year Awards’ held in Vilnius earlier this month. CFO of Lithuanian Post, Kestutis Jarzemskas, won the title of the CFO of the Year in the Public Sector...

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airBaltic Top 10 Innovative Airline

airBaltic, the Latvian national airline, has recently been chosen as one of the world’s top 10 airlines for innovation. The list was released recently by Airlinetrends.com, which is an independent consumer market research agency. This is for their amazing ideas such as having roses available to purchase on board, iPads for in-flight entertainment, as...

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Latvian Cow Parade 2012

Latvian Cow Parade 2012

On the 30th June 2012 the Promenade of Ostas Street in Ventspils, Latvia will be the setting for the most unusual herd of colourful cows. For the second year running Ventspils will be hosting CowParade Ventspils 2012, a popular art and fundraising event where life size fibreglass cows are given over to renowned Latvia...

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Sour Grapes For Estonian Wine Business

Sour Grapes For Estonian Wine Business

Recent court action has unfortunately been unable to reclaim funds claimed to be owed by an Estonian group of investors developing wine in the Ukraine since 1999. Thirteen years ago, Estonian investors signed a contract with Ukraine which agreed that Estonia would invest in a wine business, Magarach, the Ukrainian state grape and wine...

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Martin Sedlacky Appointed airBaltic New Chief Operations Officer

airBaltic have approved the appointment of Martin Sedlacky as the new Cheif Operations Officer and Member of the executive board.  Mr Sedlacky has a strong background  in the airline business having been employed  in restructuring airlines systems through central and eastern Europe, Scandinavia, Singapore, Malaysia and America. Working on consultancy projects advising in transportation...

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