Funds

International Internet Magazine. Baltic States news & analytics Friday, 01.07.2016, 07:16

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Investors take up EUR 30 mln worth of Baltic Horizon Fund units

Investors take up EUR 30 mln worth of Baltic Horizon Fund units

30.06.2016

Investors participating in the offering of units of Baltic Horizon Fund, which have been admitted for trading in the Baltic Fund List of Nasdaq Tallinn as of July 6, subscribed to approximately 30 million euros' worth of units, resulting in net proceeds of around 20.5 million euros for the fund, informs LETA/BNS.

Keyword tags: Baltic, Financial Services, Funds, Investments



Startup Estonia to merge with Kredex in July

Startup Estonia to merge with Kredex in July

30.06.2016

Startup Estonia, a support unit for Estonian start-ups under the Development Fund, will continue operation under the state-run financing institution Kredex from the beginning of July with the aim of providing better support to new companies and improving funding opportunities in all phases of development, informs LETA/BNS.

EfTEN acquired DSV logistic centres in the Baltics

EfTEN acquired DSV logistic centres in the Baltics

30.06.2016

EfTEN Capital’s investment fund EfTEN Real Estate Fund III AS purchased three logistics centres in Estonia, Latvia and Lithuania, owned and occupied by group companies of DSV, one of the largest logistics groups in the world.


Lithuanian pension funds unlikely to revise their strategies due to Brexit

Lithuanian pension funds unlikely to revise their strategies due to Brexit

28.06.2016

The global capital market turmoil caused by Britain's decision to leave the European Union is unlikely to prompt Lithuanian pension funds to revise their strategies in the near term, the president of the Lithuanian Investment and Pension Funds' Association said on June 27th, cites LETA/BNS.

EU assistance for stronger pension market in the member states

EU assistance for stronger pension market in the member states

27.06.2016

Commissioner Jonathan Hill responded to modern issues concerning deepening of the single market, building a Capital Markets Union, and supporting strong pensions market in Europe. At the “Pensions Europe Conference”, he claimed that the number of retired people will double in the near future and that pension funds can strengthen EU financial sector.

22.06.2016

Lithuania’s financial crimes agency probes alleged misappropriation of EUR 4 mln support

The Lithuanian Crime Investigation Service (FNTT) is conducting a probe into an illegal attempt to obtain nearly 4 million euros in support from the European Union (EU) and the Lithuanian budget for 11 projects, informs LETA/BNS.

22.06.2016

LHV bought Danske's Estonian pension funds for EUR 10.9 mln

AS LHV Varahaldus, asset management subsidiary of AS LHV Group, bought Danske Capital AS for 10.92 million euros, LHV told the stock exchange, informs LETA/BNS.

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