International Internet Magazine. Baltic States news & analytics
Tuesday, 07.12.2021, 17:02
BPM Mezzanine Fund SICAV-SIF, SCA (BPM) invested in the buy-out of a well-known Latvian dairy company Smiltenes Piens in August 2019, as former owners of the company were looking forward to retire and Latvian entrepreneur Armands Kovaldiņš saw Smiltenes Piens with its well-known brands and quality leadership as an attractive target to be developed further and expand into export markets as well, informed BMP Mezznine Fund representative.
Keyword tags: Financial Services, Foodstuff, Funds, Good for Business, Industry, Investments, Latvia
Data compiled by the Central Statistical Bureau (CSB) show that in October 2020, compared to October 2019, the volume of manufacturing production output1 according to calendar adjusted data at constant prices increased by 1%
With Lithuania planning to build wind farms in the Baltic Sea, the government on Wednesday took steps to set up infrastructure for turbine production, assembly and storage operations in the port of Klaipeda, writes LETA/BNS.
According to Statistics Estonia, in October, the production of industrial enterprises increased by 1% compared to October 2019. In the three main industrial sectors, production fell by 4% in energy production and by 6% in mining, but increased by 2% in manufacturing.
Valmieras Stikla Skiedra fiber glass producer in the first nine months of this year generated EUR 78.3 million in turnover, down 21% from the respective period last year, while the group's loss shrank 42% to EUR 3.5 million, writes LETA, according to the company's report to Nasdaq Riga.
YIT Lietuva was selected as an investor and construction partner for the microduct systems production unit by the German polymer company REHAU in Klaipeda Free Economic Zone (FEZ). The construction permit for the plant was obtained at the end of October. Consequently, REHAU will start to operate in the facility from January 2022.
Incap Corporation, parent company of the Saaremaa-based electronics manufacturer Incap, has posted a revenue of 28.1 mln euros for the third quarter of 2020, which is 59.9% more than the revenue recorded in the same period in 2019, writes LETA/BNS.