The Estonian company, Filaret, has set up collection boxes for cigarette butts in Tartu, ERR reports. Ines-Issa Villido, founder of Filaret, noted that around 300 tonnes of cigarette filter waste was created in Estonia every year, which equals to some 100 truck loads. Filaret’s collection boxes will stay at various locations in Tartu until the…
Lithuania’s foreign direct investment (FDI) development agency, Invest Lithuania (Investuok Lietuvoje), approved 26 FDI projects in the first half of 2023, LRT reports. The agency reported that 12 new foreign companies have announced investments in Lithuania, and 14 foreign firms already operating in Lithuania plan to expand. The investment projects are expected to create more…
Lithuania remains an EU leader in terms of the market share of contraband cigarettes, according to KPMG’s market research, DELFI reports. The study found that altogether 2.63 billion cigarettes were consumed in Lithuania in 2022, which was 0.2 billion less than in 2021. Contraband cigarettes accounted for 0.59 billion of the total, which was 19.2%…
Estonian pellet producer Graanul Invest reported sales of EUR 590mn in 2022, which was up 30% from 2021, ERR reports. The group’s annual net profit rose by 28% to EUR 111mn. The group produced 2.3 million tonnes of pellets in 2022, which was down from 2.5 million tonnes a year earlier. Due to raw material…
The Estonian company, Biometaan, has signed an agreement with Finland’s Convion to start selling mobile power plants running on fuel cells in the Baltic States, ERR reports. The solid oxide fuel cell power plant will generate energy from biomethane produced from cow slurry at the Mangeni PM dairy farm in the village of Koksvere in…
Lithuanian beer producer Kalnapilio-Tauro Grupe (Kalnapilis-Tauras Group) suffered a loss of EUR 726,000 in 2022, primarily due to the war in Ukraine and other factors, Baltic News Network reports. In 2021, the group made a net profit of EUR 1.6mn. The group’s annual revenue totalled EUR 81mn in 2022, which was up 15% from EUR…
Latvia’s State Police have initiated proceedings against the Ventspils-based oil product terminal operator, Ventbunkers, seizing documents, LTV’s Panorama programme reports. Aivars Gobins, board chairman of Ventbunkers, said that the police action was related to a case that has been under investigation for five years and the statute of limitations for which was coming to an…
The construction cost of the East Highway in the Latvian capital, Riga, may increase by more than EUR 8mn, the Riga city council estimated, LETA reports. The city council considered changes to the project’s implementation, which also envisage an increase in funding. The city signed a contract for the first stage of the construction project…
All new beverages sold in Latvia will have to be marked with a Latvian deposit mark as of 1 July 2023, DELFI reports. Beverage producers and retailers had a transition period from 1 January to 30 June 2023 to allow them to adjust to the new rules. Miks Sturitis, board chairman of the deposit system…