- One more compromise on pork
The Ministry of Agriculture, hog breeders and meat processors have reached another compromise on regulating pork prices in Latvia.
- Court rejects LMT collateral offer
A Riga district court on Sept. 18 turned down the demand of British Kempmayer Media Limited to retain a 23 percent stake in LMT, the mobile phone operator, as collateral.
- Refinery restructuring debt
Mazeikiu Nafta announced that it planned to sign a $15 million overdraft deal with the London branch of Citibank.
- Swedish gouda for Cesis
Swedish cheese producer OstSpecialisten said it intended to sign an agreement on the production of gouda cheese with the Veselava dairy producers union.
- IRISH ADHESIVES FOR PAKMARKAS
Lithuania’s PakMarkas has won a 600,000 litas (171,000 euro) contract for the production of adhesive labels from Ireland’s packaging products printer AC Tape.
- TeliaSonera seeks to up Omnitel stake
TeliaSonera, the Nordic telecommunication giant, is seeking to acquire another 35 percent stake in Lithuania’s mobile-phone operator Omnitel.
- Eesti Energia submits privatization papers
Estonian state power group Eesti Energia has submitted qualification documents for Ryto Skirstomieji Tinklai, the Lithuanian power distribution company.
- Hotel to be managed by closed coporation
At an extraordinary meeting on Sept. 12, shareholders of Viesnica Latvija, the managing company of Reval Hotel Latvija in Riga, resolved to withdraw Viesnica Latvija shares from public trading and transform the company into a closed corporation.
- Danish firms win contracts in Iraq
Danish firms have won several hundred million euros’ worth of reconstruction contracts in Iraq, and expect to get more work in the future, the Foreign Ministry said on Sept. 11.
- Media group eyes Lithuanian market
The Norwegian media group Schibsted, owner of the Eesti Meedia publishing group and Kanal 2 television in Estonia, is looking to buy a holding in the Lithuanian media market.
- Latvian millionaire drops plans to buy digital TV company
Head of Baltkom group and millionaire Peteris Smidre does not want to buy Digitalais Latvijas Radija un Televizijas Centrs, a company dealing with digital television introduction in Latvia.
- Oil refinery gets facelift
Mazeikiu Nafta, the Lithuanian oil refinery majority owned and operated by Russia's oil giant YUKOS, has completed the first project under its modernization program.
- Stumbras privatization on road to completion
Lithuania’s State Property Fund and Mineraliniai Vandenys on Sept. 4 initialed an agreement on the sale of a 91.95 percent stake in Lithuania's major alcohol producer Stumbras, the Fund reported.
- Estonian Air soaring
Estonian Air reported that in August it had a total of 38,773 passegners, 40 percent more than in August 2002.
- Young man plunges to death from Riga church tower
Police are investigating the possible suicide of a 21-year-old man, who, according to witnesses, jumped off the viewing platform of St. Peter’s Church steeple, one of Riga’s most famous landmarks, on Sept. 5.
- Estonia comes up with novel ways of voting
Residents of southern Estonia received their invitations to vote in the EU referendum in envelopes stamped with Soviet symbols of the hammer and sickle, a newspaper reported Aug.28.
- KALININGRAD to launch Hummer assembly line
General Motors will have its Hummer H2 off-road vehicles assembled at the Avtotor car factory in Kaliningrad, Russia’s Baltic enclave.
- Fish processor preparing for EU
Latvia’s largest fish processing company Brivais Vilnis has launched a massive modernization project at its main plant and has started doing business in the timber processing industry, reported the company.
- Kalev boosting market dominance
The market share of the Estonian sweets maker AS Kalev was 54.5 percent by volume at the end of January 2003, a 6.2 percent increase over the previous period, a survey by AC Nielsen indicated.
- First private shale miner licensed
Estonia’s Environment Ministry has granted mining rights to Merko Kaevandused to excavate oil shale in East Virumaa county until 2028.