International Internet Magazine. Baltic States news & analytics
Tuesday, 09.02.2016, 07:39
A fund managed by investment management firm Lords LB Asset Management is set to acquire Comfort Hotel LT, a hotel in Vilnius, from Norway’s fund Selvaag Eastern European Development, reports LETA/BNS.
Keyword tags: EU – Baltic States, Funds, Investments, Lithuania, Real Estate, Tourism
Lithuania's commercial banks have contributed the first 10 million euros to a special fund that can be used to restructure problem banks, the central bank said on February 1st, cites LETA/BNS.
The establishment of a new investment fund in Lithuania is set to increase access to funding for companies taking part in public private partnership (PPP) projects. The Baltic Energy and Infrastructure Fund (BEIF) was established in January 2016 by Lords LB Asset Management, a Lithuanian fund management company, reported BC PPP project management department representative Irmantas Butkauskas.
AS LHV Varahaldus, a subsidiary of the Estonian financial group LHV, on Friday concluded with Danske Bank A/S and its Estonian branch an agreement on the acquisition of 100% of the shares of Danske Capital AS, reports LETA/BNS.
The Marguerite Fund today acquired 28.97% shares in joint-stock Latvian gas supply company Latvijas Gaze (LG), LETA was informed by the company.
Estonia received European Union support worth 3.4 billion euros, or 2,800 euros per resident, during the 2007-2013 budgetary period, informs LETA/BNS.
The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by more than EUR 327 million in 2015 to EUR 2.336 billion, reported LETA, referring to the Association of Latvian Commercial Banks.