International Internet Magazine. Baltic States news & analytics
Friday, 19.12.2014, 01:44
The Latvian Guarantee Agency, in collaboration with the Economy Ministry, has unveiled the "Acceleration Fund Program" offering EUR 30 million meant for technology-intensive companies, the agency's representatives informed LETA.
Keyword tags: Funds, Good for Business, Investments, Latvia, Legislation, Technology
The European Commission decided on Wednesday that the European Union invests more than 3.5 billion euros in the Estonian economy in 2014-2020, Estonian finance ministry announced LETA.
Almost half or 40% Latvian residents in 2014 are saving money which is 5% more than in 2012, according to a survey conducted by Citadele Bank, cites LETA.
Zygimantas Mauricas, Chief Economist of the bank Nordea, who spoke at the Yearly Economic Forum of the Lithuanian Confederation of Industrialists said that Lithuania should sort out its financing priorities from the European Union structural funds, informs LETYA/ELTA.
The Estonian government approved on Thursday law amendments that establish a 60 million euros fund of funds at the state-owned KredEx foundation that will indirectly finance start-up companies, LETA/Postimees Online reports.
The Freeport of Riga has still failed to sign an agreement with the second leaseholder of Krievu Island – Riga Central Terminal, and, as Transport Minister Anrijs Matiss (Unity) said in an interview with LETA, if this continues, European Union funds will be lost and the financial burden will lie on the port's budget.
While European Union financing is almost taken for granted in Estonia, less is known about Swiss and Norwegian aid money, the size of which reaches also tens of millions of euros, LETA/Postimees writes.