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Entries for tag: Lithuania
Fitch downgrades Baltic States
The London-based rating agency Fitch has downgraded European Union members Estonia, Latvia and Lithuania and maintained a negative outlook, citing large current account deficits.
Read ArticleLithuanian economy likely to grow by seven percent for years to come
Lithuanian GDP soared 8.7% in 2007, after growing 7.7% in 2006. Economic growth has averaged a stunning 7.5% for the last eight straight years. The consensus forecast of for GDP growth to continue at a 6-7% growth rate for the years to come.
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Rail strike fails to stop Brau Beviale
A rail strike and snow storms marked the start of BRAU Beviale 2007 in the Exhibition Centre Nuremberg (14-16 November), but this did not deter the 34,456* trade visitors (2006: 36,260*) at this year’s most important capital goods exhibition for the beverage industry. The share of international visitors rose in both percentage and absolute terms. 28 % came mainly from Austria, Switzerland, Belgium, Russia, the Netherlands, the Czech Republic, France, Great Britain, Italy and other growth markets in Central Eastern and Eastern Europe to source information about beverage raw materials, technologies, logistics and marketing from the 1,416* exhibitors (2006: 1,437*) – almost 40 % of them international.
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CEE immigrants changing British food taste
Immigrants from Eastern Europe have changed Britain by looking for work across the country, not just in traditional centres such as London and the South East, a study has found.
Read ArticleAgrobalt full
The tradition-rich exhibition AgroBalt is totally booked! More than 220 companies from 12 countries will take part in the most important exhibition for agriculture and food processing in the Baltic States from September 13 - 16.
Read ArticleReal estate prices increasing in Baltic States
Strong economic growth, with GDP growing over 7.5% per year on average for the last seven years, is pushing all real estate prices toward Western European levels. Land is no exception. As residential prices grow by 10-25% annually, and commercial rents continue their steady climb, Ober-Haus Real Estate Advisors sees land prices continuing their upward rise.
Read ArticleEU commission to be present at Agrobalt
The importance of AgroBalt for European agricultural politics is rising each year. On the regular press conference on June 8th the Ministry of Agriculture of the Republic of Lithuania and the exhibition organizer IFWexpo informed about the political programme at AgroBalt. The exhibition will take place in Kaunas, from September 13 – 16 2007.
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No Christmas without chocolates
A part of the magic of Christmas is the repetition that is involved. It should be like it always has been, otherwise it is just not Christmas.
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Hercules in Lithuania
Lithuanian food manufacturer Valdorfo Didmenos has become one of the first companies in continental Europe to select RPC Corby’s upside-down multi-layer Hercules bottle, in order to enhance the brand image of its premium ketchup.
Read ArticleRecycling an increasing success
Over 2.3 million tonnes of steel packaging were recycled in Europe last year. This represents an average recycling rate of 63% in the EU-25, an increase of 6% in recycled tonnage compared to 2004.
Read ArticleNew concept in Lithuania
A vision was successfully realized: Siauliai, capital of the agricultural manufacturer region of Northern Lithuania turned into a scenery for an international exhibition for the first time from September 7th to 9th - the 15th AgroBalt.
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Retal installs new equipment
With the recent addition of two HyPET 300 systems, Retal Industries, a major packaging and component supplier in Russia and Eastern Europe, has extended its reliance on Husky Injection Molding Systems. From the initial machine supplied to their plant in the Czech Republic in 1994, followed in 1999 by the first machine supplied to Russia, Retal Industries has installed a total of 69 Husky systems to date. The company designated Husky as the main supplier for their PET preform systems more than five years ago.
Read ArticleLithuanians make Ukrainian acquisition
AB Klaipedos Kartonas, Klaipeda/Lithuania, the biggest producer of corrugated paper, cardboard and wastepaper in Lithuania, Latvia and Estonia has bought majority shares of Ukrainian corrugated board producer Nemuno Banga-Mena (NB-Mena).
Read ArticleSiauliai centre of production
The change of venue from Vilnius to Siauliai has proven the right decision in order to give new impetus to the renowned Baltic exhibition for the agricultural and food industries, AgroBalt.
Read ArticleBong invests in Kaunas
As a part of the increased Focus on the Eastern European markets Bong is about to start an overprint activity in Lithuania. The company will be set up in the city of Kaunas, the second biggest city in the country situated 100 kilometers west of Vilnius. The name of the new company will be UAB Baltvokas. The company will be formed as a joint venture with Bong holding 50% of the shares with the remaining 50% belonging to local entrepreneurs.
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