International Internet Magazine. Baltic States news & analytics
Tuesday, 21.05.2019, 20:18
Infrastructure fund of First State buys 85 % of Estonian energy producer Utilitas
28.11.2018The 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
28.11.2018The 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
28.11.2018Lithuania'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
28.11.2018Information 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
28.11.2018Lithuania'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.
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%).
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.
EU strategy’s draft for the states up to 2024 
