International Internet Magazine. Baltic States news & analytics
Friday, 24.03.2017, 23:49
Increasing the use of wood in construction and in everyday products plays an important role in tackling climate change, developing green jobs - particularly in rural areas - and boosting the bio-economy. Wood industry’s development is becoming a vital EU policy area to make European cities more save and sustainable.
Keyword tags: Analytics, EU – Baltic States, Markets and Companies, Modern EU, Woodwork
Nasdaq Riga stock exchange has decided to suspend trading in Talsu Mezrupnieciba logging company shares on March 22, 2017, the Riga bourse reported.
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.
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.