The Lithuanian tour operator, Novaturas Group, generated revenue of EUR 100mn in the first half of 2023, which was up 10% from the same period of 2022, GlobeNewswire reported. The company served a total of 125,000 customers, which was down from 128,000 a year earlier. Vitalij Rakovski, CEO of Novaturas Group, said that the company…
Estonian media group Ekspress Grupp’s digital subscriptions totalled 175,379 at the end of the first half of 2023, which was nearly 34,000 (24%) more than in the same period of 2022, GlobeNewswire reported. The number of subscriptions rose by 9% in the second quarter of 2023 and 20% in the first six months of 2023….
Estonia’s retail group, Tallinna Kaubamaja Grupp (TKM Grupp), posted unaudited consolidated sales revenue of EUR 460.5mn in the first half of 2023, which was up 11.8% from EUR 411.9mn in the same period of 2022, GlobeNewswire reports. Sales of the group’s supermarkets amounted to EUR 301.7mn (up 6.5%), department stores to EUR 51.7mn (up 6.7%), car…
Lithuania’s state-owned electricity supplier, Ignitis, will invest up to EUR 115mn in the development of an electric vehicle (EV) charging network in the Baltic States, GlobeNewswire reports. The investment will go towards acquiring EV charging stations. Ignitis plans to install up to 3,000 fast EV charging stations in the Baltic region by the end of…
The Lithuanian fashion retailer, Apranga Group, posted a retail turnover of EUR 147.6mn (including VAT) in the first half of 2023, which was up 15.6% from the same period of 2022, GlobeNewswire reports. Sales in Lithuania amounted to EUR 89.7mn (up 14.8%), in Latvia to EUR 35.0mn (up 14.5%), and in Estonia to EUR 22.9mn…
The Lithuanian dairy processing group, Vilvi Group, posted consolidated sales of EUR 103.73mn in the first half of 2023, GlobeNewswire reports. Compared to the same period of 2022, the group’s sales declined by 8.1%. Vilvi Group consists of Lithuania’s Kelmes Pienas, Kelmes Pienine, Modest, Pieno Logistika, and Vilkyskiu Pienine, as well as Latvia’s Baltic Dairy…
Lithuania’s National Energy Regulatory Council (VERT) is due to declare state-owned renewable energy company Ignitis Renewables and its strategic partner, Spain-based Ocean Winds, as provisional winners of Lithuania’s first auction to develop an offshore wind farm, GlobeNewswire reports. The two companies bid EUR 20mn for the contract, under which they will obtain the right to develop…