International Internet Magazine. Baltic States news & analytics
Saturday, 25.02.2017, 13:29
Sweden's Ikea group currently owns 38,000 hectares of forest in the three Baltic states, which is a rise by 52% from what the group announced last September, Verslo Zinios business daily said citing LETA/BNS.
Keyword tags: Baltic, EU – Baltic States, Markets and Companies, Woodwork
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.
atvijas Valsts Mezi (LVM) state-owned forest manager has completed a tender on forestry services for a period until 2021 for the total price of EUR 88,164,089, according to information published on the Internet website of the Procurement Supervision Bureau writes LETA.
Gatis Staks, the biggest shareholder in the Latvian wood-processing company Talsu Mezrupnieciba, has asked the financial watchdog, the Finance and Capital Market Commission, to approve his mandatory final buyout offer to other shareholders, the watchdog announced on the website of the Central Storage of Regulated Information.
The value of particle boards exported from Latvia in January-November last year was EUR 146.175 mln - 11.9% more than in the first eleven months of 2015 when Latvia exported particle boards worth EUR 130.659 mln, according to the Agriculture Ministry's Forest Department writes LETA.
After the Lithuanian environment minister initiated restructuring of state forests, analysts say the country's 42 state forest institutions should be restructured within the coming two years, as otherwise the reform may be left unimplemented, writes LETA/BNS.