EU – Baltic States

International Internet Magazine. Baltic States news & analytics Thursday, 24.08.2017, 00:20

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Rietumu experts: healthy economic data, excellent earnings season

Rietumu experts: healthy economic data, excellent earnings season

23.08.2017

The specialists of Rietumu Group have prepared an overview on the return of the investment funds of Rietumu Asset Management (RAM) for July 2017. Along with information on the structure and dynamics of the funds, the review contains the traditional analysis of the current political events and key economic factors that exert an influence on financial markets, informed BC Leonora Gailisha.

Keyword tags: Analytics, Economics, EU – Baltic States, Financial Services, Investments, Latvia, Markets and Companies



End of fossil fuels: warning to the Baltic States

End of fossil fuels: warning to the Baltic States

23.08.2017

At the time when some Baltic States are receiving LNG tankers from the US, some other Nordic countries are getting rid of existing oil/gas production. Denmark’s option seems to show another vision of energy security and provide for more sustainable energy consumption.

Cypriot court to ask Latvia’s opinion about alleged violations of Miluss’ rights

Cypriot court to ask Latvia’s opinion about alleged violations of Miluss’ rights

23.08.2017

On August 22nd, a court hearing was held in Cyprus on extraditing businessman Germans Miluss, convicted in Latvia in connection with bribery in 2005 local elections in Jurmala, to Latvia, but the court has not made its decision.


Optimistic outlook for ferry shipping in Lithuania

Optimistic outlook for ferry shipping in Lithuania

23.08.2017

The Gardenia Seaways, a large ro-ro freight vessel of Klaipeda-registered DFDS Seaways, entered service between the Dutch port of Rotterdam and the British port of Imminghan in 2017, and as its sister ship, the Tulipa Seaways, is to be added to the route shortly, the daily Lietuvos Zinios reported on August 22nd, cites LETA/BNS.

Estonian MFA: Egypt EU's key partner in solving multiple crises

Estonian MFA: Egypt EU's key partner in solving multiple crises

23.08.2017

Estonian Minister of Foreign Affairs Sven Mikser on August 22nd at a meeting with his Egyptian colleague Sameh Hassan Shoukry in Tallinn said that Egypt is one of the key partners of the European Union in solving the problems of the EU's southern neighborhood, reports LETA/BNS.


22.08.2017

Yushchenko in Vilnius: a new iron curtain descending over Europe

A new iron curtain is descending over Europe as Russia retains its influence in some post-Soviet countries, Ukraine's former President Viktor Yushchenko said in Vilnius on August 22nd, cites LETA/BNS.

22.08.2017

Chamber invites Estonian businesses to pay more attention to Polish market

Estonian businesses should pay more attention to the opportunities offered by the big Polish market, which generally has been of minor importance as a destination for Estonian exports so far, the Estonian Chamber of Commerce and Industry finds, cites LETA/BNS.

22.08.2017

Lithunian EnMin: energy security can't be risked by delaying synchronization project

The project for synchronizing the Baltic power grids with the Western European system must be carried out as soon as possible, or otherwise energy security would be put at risk, Lithuanian Energy Minister Zygimantas Vaiciunas said on August 22nd, cites LETA/BNS.

22.08.2017

Revenue of DFDS climbs 4% to EUR 496 mln in Q2

The North European shipper DFDS, whose operations include freight services from the Estonian port of Paldiski to Kapellskar, Sweden and Hanko, Finland, saw its revenue in the second quarter of 2017 grow 4% year over year to 496 million euros. Earnings before interest, taxes and depreciation (EBITDA) rose 5% to 99 million euros, informs LETA/BNS.

22.08.2017

Stora Enso Latvija turnover decreases by 2.2% in 2016

Timber manufacturer Stora Enso Latvija turned over EUR 51.846 million last year, a 2.2% decrease from 2016, while the company's profit rose 9.9% amounting to EUR 3.593 million, informs LETA, according to Firmas.lv.

22.08.2017

Latvian short film Just Go! among finalists for Manhattan Short film festival

Latvian short film Sarauj, Just! (Just Go!) by director Pavels Gumennikovs has been selected for the final of Manhattan Short film festival, Iveta Dortane, a representative of the festival organizers, told LETA.

22.08.2017

Empower, Leonhard Weiss to build 3rd Estonia-Latvia power link

Elering has signed a contract with Empower AS and Leonhard Weiss Energy AS on the implementation of the project for a third high voltage electricity interconnection between Estonia and Latvia for 60 million euros, reports LETA/BNS.

22.08.2017

Arumae: rather than new crisis, Europe in for new period of economic growth

There is no new economic crisis coming our way and Europe is in for a long period of economic growth, Ruta Arumae, economic analyst and teacher at Mainor business school, said on August 21st, cites LETA/BNS.

22.08.2017

Cornerstone to be laid for Metsa Wood plywood factory in Parnu

The cornerstone for a plywood factory of Finland's Metsa Serla group in the southwestern Estonian regional capital Parnu will be laid at the 17 Kase Street plot on August 23rd, informs LETA/BNS.

21.08.2017

ABB has hired some 500 in Estonia in 2017

The industrial giant ABB has hired approximately 500 people in Estonia in 2017, including some 100 to work at its shared services center, cites LETA/BNS.

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