Date: 14.06.2017.

International Internet Magazine. Baltic States news & analytics Tuesday, 27.06.2017, 10:04

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20% of shares in Latvijas Kugnieciba shipping company change hands on Riga bourse

20% of shares in Latvijas Kugnieciba shipping company change hands on Riga bourse

14.06.2017

OMXR, the capitalization index of the Nasdaq Riga stock exchange, dropped 0.54% to 853.58 points Wednesday on EUR 22.046 mln turnover, mostly ensured by one transaction with shares of Latvijas Kugnieciba shipping company. Almost 20% of the company's shares changed hands on Wednesday.

Keyword tags: Financial Services, Markets and Companies, Transport



Economic growth in Estonia will get a boost from the need to invest in increasing productivity

Economic growth in Estonia will get a boost from the need to invest in increasing productivity

14.06.2017

Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased. Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term. As growth is rapid and broadly based and unemployment is low, public sector spending funded by a budget deficit would increase volatility in the economy and damage the long-term growth prospects. Growth in investment gives hope that the earlier economic growth based on rising employment will be replaced by growth based on productivity, which will also help balance stresses in the labour market.

Estonia's EVR Cargo to invest EUR 35 mln in freight cars

Estonia's EVR Cargo to invest EUR 35 mln in freight cars

14.06.2017

Estonia's state-owned rail cargo operator EVR Cargo has entered into a contract worth 17.8 mln euros to buy 300 container platforms and 200 open wagons, which is the first part of a plan to invest 35 mln euros in wagons, reports LETA/BNS.


Lithuania's Viciunai Group may drop Hilton project

Lithuania's Viciunai Group may drop Hilton project

14.06.2017

Elimination of the VAT privilege for hotels, planned for 2018, may halt investments in the sector in Lithuania. Viciunai, a leading Lithuanian food group that is owned by Kaunas Mayor Visvaldas Matijosaitis, has already announced plans of halting the Hilton construction project in Vilnius, while other investors have not discarded their plans on new hotels, according to Verslo Zinios business daily information writes LETA/BNS.

Jewish museum not planned at Vilnius Sports Palace

Jewish museum not planned at Vilnius Sports Palace

14.06.2017

A new tender should be called by this fall for construction of a Congress Center to replace the former Vilnius Sports Palace, Lithuania's Prime Minister Saulius Skvernelis says, adding that no museum of Jewish history would be opened there, reports LETA\BNS.


14.06.2017

Hotel Pullman Riga Old Town named best hotel in Baltics

Pullmann Riga Old Town, a five-star hotel of the Accor Hotels chain, has won the Baltic Real Estate Award 2017 as the best hotel in the Baltic states, the hotel’s representative Valdis Vanadzins told LETA.

14.06.2017

Latvian medical nurses to join family physicians' strike in July

The Latvian Nurses Association will also join the strike called by the Latvian Association of Family Physicians by suspending work until a deal is reached with the Health Ministry, Dita Raiska, the head of the nurses’ association, told LETA.

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