International Internet Magazine. Baltic States news & analytics
Tuesday, 21.02.2017, 22:58
INVL Asset Management, one of Lithuania’s leading asset management companies, has established the first closed-end umbrella fund intended for informed investors, the INVL Alternative Assets Umbrella Fund, and its subfund, the INVL Baltic Forests Fund I. They began operations on 13 February this year after the Bank of Lithuania approved the fund rules, INVL announced to the Vilnius Bourse.
Keyword tags: Baltic, Financial Services, Funds, Investments, Lithuania, Woodwork
Estonian startups raised a record-breaking 102.5 million euros in investments during 2016, it according from figures published by Startup Estonia writing LETA/BNS.
The application filed by the Rail Baltic joint venture RB Rail for financing from Connecting Euruope Facility (CEF) this week is for funds in the amount of 313.3 mln euros
A new fund manager Jonas Kimontas joined the team of investment management company “Lords LB Asset Management”. He started to manage the funds of “Energy and Infrastructure SME”, “Energy and Infrastructure Baltic Fund” and “Lords LB Private Equity Fund III” from January 2017.
The increased financing for roads this year should be efficiently invested in repairs and their quality, said Latvian Transport Minister Uldis Augulis during his meeting with Latvijas Valsts Celi (LVC) state road manager’s board chairman Janis Lange today.
Several EU member states have for long been disputing the ways the EU “finances” were formed and used, i.e. showing discontent in the way the common financial recourses are compiled and distributed. Brexit was just a culmination of the old-aged resistance to often uncontrolled by the national governments EU’s spending. The time is here for change…
No intentional wrongdoing by managers of Enterprise Estonia has been identified in the so-called Ermamaa case and no claims will be filed against the people who led the foundation in 2012 and in 2016, Sille Talvet-Unt, board chairman of Enterprise Estonia, told LETA/BNS.