Company briefs - 2008-01-30

  • 2008-01-30
Bite Lietuva, a mobile operator, may be rebranded, according to reports. A project for rebranding the company, along with its Latvian counterpart, is taking place abroad, the Verslo Zinios business daily reported. "The speed on the telecommunications market is fast, the needs of consumers are changing and new possibilities are emerging," deputy CEO Gari McGuire said. "Following the market, Bite changes as well. In short, we seek to be one step ahead."

Preilu Siers, one of Latvia's largest cheese makers, boosted sales 42 percent to 30.6 million lats (43.5 million euros) in 2007 sales, while earnings jumped fourfold to 940,000 lats, the company's board chairman Jazeps Snepsts said. Last year, the company started exporting whey powder to North Africa. Most of the whey powder, and about 95 percent of cheese the company produced last year, was shipped to foreign countries.

Jyske Bank Private Banking, a subsidiary of Denmark's Jyske Bank A/S, will provide private banking services in Estonia to high net-worth individuals. A delegation will be in Estonia in February to present the bank's services. According to a booklet handed out by the Danish embassy, depositing a minimum of 50,000 euros with the bank is a prerequisite for becoming a customer. Jyske has 500,000 customers in Denmark and 20,000 in other countries. Assets managed by the bank amount to 26 billion euros.