Baltic Cosmetic Holding, the largest cosmetic retailer and beauty services group in the Baltics, said it was selling BCH Retail, owner of the Lithuanian cosmetics chain Sarma. The magazine Versus reported that a new investor would be named in several months' time. It is not ruled out that it could be the German retailer Parfumerie Douglas. Sarma runs 42 stores in Lithuania and posted sales of 45.2 million litas (13.1 million euros) last year.
A Danish vegetable producer, Alfred Pedersen & Son Bellinge, announced that it was halting an investment project to grow tomatoes in western Lithuania due to bureaucratic intransigence. "I'm tired of waiting," CEO Mads Pedersen was quoted as saying while in Vilnius. He said the firm has been trying to implement its 40 million euro greenhouse project for four years but will wait no longer. The project had aimed to grow tomatoes and export them to Scandinavia through the Klaipeda port. Lithuania currently imports more tomatoes than it produces.
Progroup Holding, which acquired Estonia's fourth 3G mobile communication license, said it would buy integrated fixed and mobile network installations from China's ZTE. Bravocom CEO Peep Poldsamm said that Progroup, which will start operating under the Bravocom trademark, would start offering both fixed and mobile communication services on the basis of a common basic, commutation and authentication network. The ZTE installations support 3G mobile communication and HSDPA standards and make it possible to increase effectiveness of the mobile communication network.