International Internet Magazine. Baltic States news & analytics
Friday, 28.02.2020, 13:38
BaltCap, the largest private capital fund manager in the Baltic states, and Japan's fund manager JBIC IG Partners are setting up a new 100-mln-euro fund for investments in deep tech firms in the Nordic and Baltic countries.
Keyword tags: Baltic, Funds, Good for Business, Investments
A competitive bids multi-price auction today sold EUR 16 mln worth of five-year Latvian government bonds, the Nasdaq Riga stock exchange said.
The current tightening of the labour market with unemployment shrinking and persistently high labour demand observed in Latvia is nothing unique. Something similar can be seen in other Baltic States as well as elsewhere in Europe. Over the third quarter of 2018, gross nominal wage increased by 8.0% year-on-year in Latvia, amounting to 1006 euro. Although the quarterly rate may seem very modest at 0.2% or 2 euro, we have to bear in mind that the growth rate of base wages continues to be relatively stronger; hence, this overall increase can be viewed as stable.
Statistics Estonia estimates that the economy grew by 4.2% in the third quarter over the year. This was a little faster than in the second quarter when the growth was 3.8%. The faster growth in the third quarter was an exception in the wider perspective as various indicators for growth in economic activity weakened in the third quarter in Estonia and elsewhere.
Affordable Housing - a Limited Resource in Europe's Cities: City of Vienna Highlights Ways out of the Crisis05.12.2018
What can be done to mitigate the current housing crisis in Europe's growing cities? How can investment in affordable housing be made to increase once more? Ways out of this tight situation are highlighted by the international conference "Housing for All - Affordable Housing in Growing Cities in Europe" held on 4 and 5 December in Vienna. The premises of Wiener Wohnen are set to host roughly 300 participants from 36 countries.
Starting from next year, the listed Estonian port company Tallinna Sadam (Port of Tallinn) is to give an option to apply for discount on tonnage fees of up to 8% to ships that have joined the Environmental Ship Index (ESI).
The Estonian Ministry of Foreign Affairs has temporarily posted two additional visa officials to the country's missions in Russia to help cope with increased workload during the run-up to the year-end holiday, reported LETA/BNS.