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Madara Cosmetics posts EUR 1.496 million in preliminary 2018 profit

RIGA - Latvian cosmetics group Madara Cosmetics turned over EUR 9.514 million last year, which is an increase of 28.5 percent against 2017, whil...

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A reputable Swiss software company to move its development division to Estonia

TALLINN - Swiss company Business Investigation SA, creator and developer of the GPS analytical platform for major applications based on artifici...

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Pilot project of floating solar power plant in Kruonis PSHP receives funding

VILNIUS - Experimental floating photovoltaic solar power plant project in Kruonis pumped storage hydroelectric power plant (PSHP), developed by ...

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Preliminary profit on ExpressCredit non-bank lender doubles in 2018

RIGA – ExpressCredit non-bank lender last year posted EUR 4.-6 million in unaudited profit which is twice as high asi n 2017, according to...

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Luminor Bank to cut number of customer service centers in Baltics

RIGA - This year, Luminor Bank will reduce the number of its customer service centers in the Baltic states, the bank’s Baltic communicatio...

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Citadele Bank's long-term goals not confined to Baltic market alone

RIGA - The long-term goals of Latvia’s Citadele Bank are not confined to the Baltic market alone, the bank’s CEO Guntis Belavskis to...

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Guardtime, KPMG sign agreement on developing global business platform

TALLINN – Guardtime, a cyber security company of Estonian origin, has concluded an agreement with the network of auditing and consulting c...

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Debt collection process commences at Rigas Kugu Buvetava

RIGA - Several bailiffs have started a debt collection process against the joint-stock company Rigas Kugu Buvetava (Riga Shipyard) over the comp...

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Nordecon handed over the new study building of the Academy of Security Sciences to the client

TALLINN - Yesterday, February 21, Nordecon handed over to the Academy of Security Services a new study building in Tallinn, Kase Street 61. The ...

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Lithuanian Railways set to purchase rails from Latvia, Austria for EUR 36.5 mln

VILNIUS - Lietuvos Gelezinkeliai (Lithuanian Railways, LG) is planning to purchase 36.5 million euros' worth of rails for track repairs this...

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