Posts tagged as company

Private company to accept Lithuanian visa applications in 53 countries

Wednesday, June 12, 2019

An external service provider will accept visa applications in 53 countries where there are no Lithuanian diplomatic representations or consular institutions. VF Services (UK) Ltd. will also establish visa centers in countries with Lithuanian embassies, for example, the United Kingdom. All in all, Lithuanian visa centers will operate in 71 countries. According to the ministry, it should considerably facilitate Schengen or national visa procedures for foreigners and encourage them to…

Ministry turns to intelligence body over rail contracts with Latvia’s Sigmen

Monday, June 3, 2019

The Lithuanian Transport and Communications Ministry has asked the State Security Department (VSD) for cooperation in assessing potential threats and risks following a media report that Lietuvos Gelezinkeliai (Lithuanian Railways, LG) has awarded millions of euros’ worth of contracts to a Latvian company linked, via former KGB officers and agents, to Russian President Vladimir Putin’s inner circle and Russian oligarchs subject to US sanctions. Sigmen is one of the major…

Swedbank issues EUR 24.49 mln loan to Dobeles Dzirnavnieks grain mill

Wednesday, May 29, 2019

Swedbank will issue a EUR 24.49 mln loan to Dobeles Dzirnavnieks grain mill, Swedbank spokesman Janis Krops told BC. He said that Dobeles Dzirnavnieks plans to invest EUR 32 mln in new plants, including EUR 24.491 mln loan from Swedbank. The company’s investments are aimed at development of the largest and most modern infrastructure for processing organic grain and innovative pasta production plant. Krops said that implementation of both large-scale…

Former New Zealand leader: ‘We need to learn to listen to China’

By James Griffiths on Tuesday, February 19, 2019

A former New Zealand prime minister has been quoted lavishing praise on China as the country’s current leader continues to deny reports of a rift between Wellington and Beijing. In a piece published by Chinese state-run People’s Daily on Monday, Jenny Shipley, a former leader of the conservative National Party and prime minister from 1997 to 1999, commended China’s “huge contributions to the world’s economic growth” and its “great efforts” to promote…

Turnover of Pindstrup Latvia peat company grows 3.1% in FY

Saturday, February 2, 2019

The company’s management noted that last year, Pindstrup Latvia lost 71,000 cubic meters of peat as a result of a major fire that broke out at the company’s largest peat field Lielsalu Purvs on July 17, 2018. The company’s insurer has confirmed that the losses from the fire would be compensated. Last financial year, Pindstrup Latvia invested EUR 2.3 mln in real estate, production equipment and other long-term assets.Commenting on the company’s future perspectives, Pindstrup…

Gemalto: €152 million PPA claim disproportionate

Friday, September 28, 2018

Gemalto, the previous producer of Estonia’s ID cards, has called the Police and Border Guard Board’s (PPA) decision to take the company to court unfortunate, and asserted that the PPA’s €152 million claim is disproportionate in size. The PPA submitted a claim to Harju County Court on Thursday regarding a breach of contract with regard to the generation of private keys for ID cards outside of the cards’ chips. “Gemalto…

Lithuanian president proposes tougher penalties for misleading advertising

Tuesday, September 25, 2018

Lithuanian President Dalia Grybauskaite has proposed stepping up measures aimed at protecting consumers from misleading advertising and ensuring fair competition. The president proposed linking the size of fines with a company’s turnover and issue fines of up to 3 percent of a company’s annual revenue but not more than 100,000 euros. Repeated offenses would increase fines to up to 6 percent of the annual turnover but not more than 200,000…

Maxima Latvia to invest EUR 23 mln in the expansion and customer service upgrades

Wednesday, June 6, 2018

In 2018, Maxima Latvija is planning to invest EUR 23 million in retail chain expansion, reconstruction of stores and customer service upgrades, as the company’s representatives informed. Of this amount, EUR 22 million will be invested in retail network expansion and store reconstruction. In addition, more than EUR 1.2 million will go to improving customer convenience through the development of self-service checkouts, and around EUR 200,000 will be invested in…