Date: 27.05.2019.

International Internet Magazine. Baltic States news & analytics Thursday, 02.07.2020, 12:14

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Baltic Horizon Fund to acquire Galerija Centrs Shopping Centre in Riga

Baltic Horizon Fund to acquire Galerija Centrs Shopping Centre in Riga

27.05.2019

Northern Horizon Capital AS as the management company of Baltic Horizon Fund signed an agreement with Linstow AS to aquire 100% shares of Tampere Invest SIA, which owns Galerija Centrs Shopping Centre in the heart of Riga. The purchase price is EUR 75 mln, which corresponds to an estimated entry yield of approximately 6,7%. The transaction is expected to close by the beginning of June 2019.

Keyword tags: Financial Services, Funds, Good for Business, Latvia, Real Estate, Retail



Start-up Company BABBIT to Represent Latvia at International Creative Business Cup Competition 2019 in Copenhagen

Start-up Company BABBIT to Represent Latvia at International Creative Business Cup Competition 2019 in Copenhagen

27.05.2019

An innovative music playing system company, BABBIT, won the Latvian finals of the Creative Business Cup 2019 competition on May 17, thus earning the right to represent Latvia at the international competition in Copenhagen, where more than 50 creative start-up companies will be competing for a cash prize of EUR 7,000 and for the attention of international investors.

Estonia`s households were active in borrowing in April

Estonia`s households were active in borrowing in April

27.05.2019

Borrowing by households slowed at the start of the year, but it bounced back in April as households were active in taking housing loans and car leases. The corporate loan portfolio has gradually increased in volume and the average interest rate on bank loans has remained at the average level of the past year.


Latvia's tax revenue 3.7% above target in four months

Latvia's tax revenue 3.7% above target in four months

27.05.2019

During the first four months of this year, the State Revenue Service collected EUR 2.978 billion in taxes, beating the four-month tax revenue target by EUR 105.984 mln or 3.7%, according to information released by the Revenue Service reported LETA.

Construction growth slowed down in Estonia

Construction growth slowed down in Estonia

27.05.2019

According to Statistics Estonia, in the 1st quarter of 2019, the total production of Estonian construction enterprises in Estonia and foreign countries increased by 2% compared to the 1st quarter of 2018. Construction volume increased due to the work done in foreign countries. On the Estonian construction market, construction volume decreased.


27.05.2019

Honor to Serve Riga not to back Harmony's candidate for Riga mayor

If Harmony nominates a candidate for Riga mayor, its coalition partner Honor to Serve Riga (GKR) will not back this candidate, according to information obtained by LETA.

27.05.2019

Latvijas Maiznieks bakery planning exports to Scandinavia

Bakery company Latvijas Maiznieks, a holding of Estonian company Maral Invest, has set its sights on selling its products in Scandinavian countries, spokespeople for the company said LETA/BNS.

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