Business

Business News from the Baltic Region

Latvia Beer Festival 2014

Latvia Beer Festival 2014

‘Latviabeerfest’ is to be held for three days in Vermanes Park in Riga. Starting on the 23rd May and ending on the 25th May the festival will feature in excess of 165 Lavian and foreign produced beers. There will be other events included during the festival such as a Miss and Mr Latviabeerfest 2014...

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Baltic States Lead The Way On Unemployment Reduction

December 7, 2012
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Baltic States Lead The Way On Unemployment Reduction

Recent data released by Eurostat demonstrates that the Baltic states of Estonia, Latvia and Lithuania have recorded the greatest fall in unemployment rates of all the EU countries for 2012. Eurostat is the statistical office of the European Union and by comparing figure from all the EU member states over a twelve year period...

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Estonian Air Cuts Back To Survive

November 21, 2012
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Estonian Air Cuts Back To Survive

Estonian Air is awaiting a governmental rescue package to halt the risk of ending up in administration. After a disastrous year of record losses which saw the removal of the company’s CEO Tero Taskila and the instalment of Jan Palmer as CEO, the company is still in difficulties. In October the company revealed a...

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Ikea Lithuania

September 7, 2012
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Ikea Lithuania

Ikea, international retail furnishing giant, will open their first outlet in Lithuania’s capital city,Vilnius, in 2013. The move will provide an added economic boon to Lithuania not only in the form of jobs opportunities, as Ikea is seeking staffing solutions for many sectors – sales, marketing, consumer relations, logistics, communication and design, business coordination...

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Latvia’s Unemployment Rate Slowly Dropping

The unemployment rate in Latvia has recently dropped by 0.4%, going from 12.3% back in May this year, down to 11.9% in June. It has been predicted that this rate could continue to drop to around 10.9% in early 2013. At the beginning of June, there were 121,994 people who were registered as unemployed...

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Latvian Students Increase Demand for Rentals

Latvian Students Increase Demand for Rentals

This time of year is always the busiest in terms of students moving out of their University halls and inclusive properties and looking to rent or buy their first very own accommodation, in preparation for the new school year. In Latvia this month the rent market has remained as active as it was in...

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