Date: 28.11.2018.

International Internet Magazine. Baltic States news & analytics Wednesday, 24.07.2019, 01:39

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Infrastructure fund of First State buys 85 % of Estonian energy producer Utilitas

Infrastructure fund of First State buys 85 % of Estonian energy producer Utilitas

28.11.2018

The European Diversified Infrastructure Fund II SPSc (EDIF II), a dedicated long-term infrastructure fund managed by the Australian investment company First State Investments, has become a financial investor in Estonia’s largest district heating company OU Utilitas, whose majority shares belonged to Estonian businessman Kristjan Rahu, informed LETA/BNS.

Keyword tags: Energy, Estonia, Financial Services, Funds, Good for Business, Mergers and take-overs



Jurmala reports 23% increase in tourist numbers for summer 2018

Jurmala reports 23% increase in tourist numbers for summer 2018

28.11.2018

The number of tourists visiting Latvia’s seaside resort city Jurmala this past summer grew by 23% against the same period a year ago, Zane Leite, a representative of the Jurmala City Council, told LETA citing data from the Central Statistical Bureau (CSB).

Lithuania's Port of Klaipeda ups handling volumes 8% to 38 mln tons

Lithuania's Port of Klaipeda ups handling volumes 8% to 38 mln tons

28.11.2018

Lithuania's Port of Klaipeda handled 38.02 mln tons of cargo in the first ten months of this year, up 8.3% from 35.12 mln tons during the same period last year, informed LETA/BNS.


Information exchange by Latvian banks on SWIFT network carried out as usual – financial watchdog

Information exchange by Latvian banks on SWIFT network carried out as usual – financial watchdog

28.11.2018

Information exchange by Latvian banks on SWIFT network is carried out as usual, said Finance and Capital Market Commission (FKTK) chairman Peters Putnins, commenting on earlier reports that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has declared Latvia a high risk country, informed LETA/BNS.

Lithuania's Snaige back in the black

Lithuania's Snaige back in the black

28.11.2018

Lithuania's Snaige, the only fridge producer in the Baltic states, owned by the Russian Polair group, went back in the black in the third quarter after suffering a loss in the first half of this year, informed LETA/BNS.


28.11.2018

The turnover of retail trade enterprises in Lithuania grew by 0.1 %

Statistics Lithuania informs that, based on provisional data, in October 2018, the turnover (VAT excluded) of retail trade1 enterprises amounted to EUR 1 bn 6 mln at current prices, and against September 2018, seasonally and calendar adjusted, grew by 0.1% at constant prices (unadjusted – 4.3%).

28.11.2018

Enterprise Estonia to support smart specialization clusters with EUR 3 mln

Enterprise Estonia opened the next round of support for clusters, the budget for which is 3 mln euros, informed LETA/BNS.

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