Concern "MG Baltic" is among the top ten Lithuanian enterprises in terms of its revenue.

 

The construction of 16 level office building "Victoria", the crown of the complex of administration buildings - "Verslo trikampis" - is finalized.

 

A franchise contract is concluded with Spanish enterprise "Inditex", and first "ZARA" stores are subsequently opened in Lithuania, Latvia and Estonia.

 

A first "Emporio Armani" store in the Eastern Europe is opened in Latvia (Riga).

 

An interrupted production of bioethanol is launched in the factory in Silute.

The year of great investments.

 

A first "Hugo Boss" store is opened in Latvia (Riga).

 

"Ifanta" is transformed to "MG Baltic Investment", and "MV Baltic" - to "MG Baltic Trade".

 

 Enterprises "Mineraliniai vandenys" and "Trojina" come into the merger.

 

"Mineraliniai vandenys" and the State Property Fund conclude a contract on the purchase-sale of the oldest alcohol producer AB "Stumbras" (est. in 1906).

 

"MG Baltic Investment" concludes an agreement with Scandinavian company "Bonnier Entertainment" on the acquisition of the shares of LNK TV (est. in 1995).

 

"Baltic Center" – one of the most modern and biggest business centres in Lithuania – is officially opened in "Verslo trikampis".

President of concern "MG Baltic" Darius Mockus is elected President of the Lithuanian Chamber of Commerce, Industry and Crafts.

The year of active steps into new markets.

 

Tennis complex "Teniso pasaulis" is constructed and opened by the concern.

 

"MG Valda", the enterprise under the concern, starts the formation of the complex of modern office buildings "Verslo trikampis" (Business Triangle) in the very heart of Vilnius.