The Baltics Today

Posts under ‘The Baltics’

In 2017, general government budget deficit accounted for 0.5% GDP in Latvia

Provisional (1) results compiled by the Central Statistical Bureau (CSB) show that, in 2017 general government budget deficit accounted for EUR 131.1 million or 0.5% of the Gross Domestic Product (GDP), whereas consolidated gross debt amounted to EUR 10.8 billion or 40.1% of the GDP. Only Social ...

Snaige: the loss due to doubtful debt provisions

Snaige, the only refrigerator manufacturer in the Baltics, says that its 12.616-million-euro loss for 2017 was due to 12.2 million euros worth of loans to the Polair Group's companies having been set aside as doubtful debt provisions, reports LETA/BNS.

Ilves: Estonia’s IT success not based on technological advances

Estonia's former president Toomas Hendrik Ilves at the Forbes 2018 CIO Summit said that what Estonia has accomplished in the field of IT is was not because of technological advances but the configuration readiness of legislative and executive powers, reports LETA/BNS.

Elko Grupa reports EUR 14 mln in audited 2017 profit

Latvian wholesaler of IT products Elko Grupa turned over EUR 1.593 billion in 2017, up 9.1% against 2016, while the group’s audited profit swelled 62% to EUR 14 million, writes LETA, according to the company’s financial report to the Nasdaq Riga stock exchange.

President introduced Estonia’s e-state to IMF chief

Estonian President Kersti Kaljulaid introduced Estonia's e-state achievements at a meeting with Managing Director of the International Monetary Fund (IMF) Christine Lagarde on Friday in Washington, informs LETA/BNS.

DPD Latvija raises profit by 36.2% in 2017

Parcel services company DPD Latvija turned over EUR 15.505 million in 2017, which was a 22.9% increase against 2016, while the company’s profit grew 36.2% year-on-year to EUR 1.341 million, writes LETA, according to information available at