Lithuania ranked 36th in the International Countries Competitiveness Index, up by 9 places y/y. Estonia improved its position by 2 places y/y in the ranking, while Latvia has not been included in the research. Entrepreneurship factor improved from 21st position to 4th in the ranking, improving by 17 places y/y. Trust in managers factor improved from 53rd place to 47th y/y. Paulius Lukauskas, head of Versli Lietuva organisation, indicated that the ranking affirms that entrepreneurship in Lithuania is growing, with high number of young start-ups and entrepreneurs. Lithuania ranks first among the number of women in the workforce, and communication technologies usage. According to mobile phones usage, and Internet usage Lithuania ranks 5th in the ranking. While according to international trade Lithuania improved from 29th position to 17th. The research has been carried out by Swiss business school IMD. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more