International Internet Magazine. Baltic States news & analytics
Friday, 09.12.2016, 09:42
In November an unusually big amount of electricity flowed from Latvia to Estonia and from Estonia to Finland, compared with the usual trend of flowing from the Nordic countries to the Baltic countries, the Estonian transmission system operator Elering reports LETA.
Keyword tags: Baltic, Energy, Energy Market, Estonia, EU – Baltic States, Latvia, Markets and Companies, Post Office
Latvia continues to lag behind the Baltic Sea region’s average level as its standing in the Baltic Sea Index has decreased by 6.8 points, according to Swedbank’s latest Baltic Sea Report.
During a follow-up public offering of Baltic Horizon Fund, a recently listed closed-end real estate fund, investors subscribed units worth 20.6 million euros and the fund has decided to allocate each investor all units they subscribed for.
The Baltic business of Swedish media holding Modern Time Group (MTG) might attract interest also from Russia, the surveyed experts told LETA.
Estonian commercial real estate fund manager Eften Capital in 2016 invested 140 million euros in commercial properties, reports LETA/BNS.
Companies will focus on IoT solutions for smart city and industrial/manufacturing customers, with initial offerings planned for early 2017. Partnership strengthens portfolios of both companies and go-to-market capabilities in market forecast to reach 161 billion USD by 2020. Current partnership includes deals with more than 25 service provider and enterprise customers.
According to unofficial information, Modern Times Group (MTG), the Swedish owner of Viasat, is searching for a new owner for its Baltic businesses, the price of which might be around 100 mln euros.