Date: 07.06.2018.

International Internet Magazine. Baltic States news & analytics Thursday, 21.06.2018, 11:37

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Annual inflation in Estonia made 3% in May

Annual inflation in Estonia made 3% in May

07.06.2018

According to Statistics Estonia, the change of the consumer price index in May 2018 was 0.3% compared to April 2018 and 3.0% compared to May of the previous year.

Keyword tags: Analytics, Estonia, Inflation, Markets and Companies



EUR 2.9 mln invested in Maxima XXX store in Riga Plaza

EUR 2.9 mln invested in Maxima XXX store in Riga Plaza

07.06.2018

Maxima Latvija today opened the most modern Maxima XXX store in Latvia at the fashion and entertainment center Riga Plaza, investing EUR 2.9 million in it, the company reported.

Share price approved as EUR 1.7 in Tallinna Sadam IPO

Share price approved as EUR 1.7 in Tallinna Sadam IPO

07.06.2018

The initial public offering of the Estonian port company AS Tallinna Sadam (Port of Tallinn) was oversubscribed by more than three-fold and the price of the company's share was approved as 1.7 euros, which means that the total gross proceeds of the offering are 147.7 million euros, and the shares become tradable on the Tallinn stock exchange next week, informs LETA/BNS.


Latvia invites Chinese investment promotion agency to open office in Riga

Latvia invites Chinese investment promotion agency to open office in Riga

07.06.2018

Latvia invites the Chinese investment promotion agency to open an office in Riga, Eriks Eglitis, State Secretary of the Latvian Economics Ministry, said at a news conference in Ningbo, China, which is hosting the Ministerial Conference of China and Central and Eastern European Countries (CEEC), informs LETA.

Lithuanian Iki to revive frozen projects after failed merger with Rimi

Lithuanian Iki to revive frozen projects after failed merger with Rimi

07.06.2018

The chief executive officer of Palink, the owner of Iki, says that the company plans to bring to life all of its frozen projects and pursue further growth in the Lithuanian market after its failed takeover by Rimi, another major retail chain, reports LETA/BNS.


07.06.2018

Startup investments total more than EUR 210 mln in Latvia

There are more than 320 startups in Latvia and their investments total over EUR 210 million, Economics Minister Arvils Aseradens (Unity) said during the meeting with Nicole Hoffmeister-Kraut, the Minister of Economic Affairs, Labor and Housing of the German federal land of Baden-Wurttemberg, on June 6th, informs LETA.

07.06.2018

Swedbank boasts largest profit for Q1 among Latvian banks

In the first quarter of this year Swedbank boasted the largest profit among Latvian banks, followed by Rietumu Banka and SEB Banka, writes LETA, according to the information published by the Latvian Association of Commercial Banks.

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