Baltic States – CIS

International Internet Magazine. Baltic States news & analytics Wednesday, 18.07.2018, 00:14

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Civinity real estate management group to sell all its shares in Civinity Ukraine

Civinity real estate management group to sell all its shares in Civinity Ukraine

16.07.2018

Lithuania's Civinity, one of the largest business groups for the management of residential and commercial properties in the Baltic states, is withdrawing its expansion plans in Ukraine, informs LETA.

Keyword tags: Baltic States – CIS, Lithuania, Real Estate, Ukraine



Baltic states to test desynchronization from BRELL in 2019

Baltic states to test desynchronization from BRELL in 2019

12.07.2018

The Baltic states will test their planned desynchronization from the Russian-Belarussian power system (BRELL) next year, representatives of Augstsprieguma Tikls transmission operator told LETA.

Udovickij renounces oil business plans in Lithuania's port of Klaipeda

Udovickij renounces oil business plans in Lithuania's port of Klaipeda

11.07.2018

Businessman Igor Udovickij, the owner of Biriu Kroviniu Terminalas handling Belarusian fertilizers in the Lithuanian port of Klaipeda, is renouncing his plans to start an oil business in the port, informs LETA/BNS.


EU Gas Import Infrastructure – why more is good for both suppliers and consumers – Part II

EU Gas Import Infrastructure – why more is good for both suppliers and consumers – Part II

06.07.2018

In my previous article (EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong) I explained why looking at annual utilisation figures was misleading when looking at usage of import infrastructure, and whether Europe needs more gas import infrastructure. In this article, I will explain why the argument that Europe already has enough import infrastructure is wrong from a market economics standpoint.

In May, 2% more tourists stayed in Estonian hotels

In May, 2% more tourists stayed in Estonian hotels

06.07.2018

According to Statistics Estonia, in May 2018, domestic and foreign tourists staying in accommodation establishments numbered 304,000, which is 2% more than in May 2017. The number of both domestic and foreign tourists increased.


06.07.2018

EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong - Part I

Over the past year I have been surprised at the discussion regarding gas import infrastructure to the EU. Many have argued that Europe does not need more import pipelines. The arguments often take the following form: current pipelines are not full when looking at annual utilisation figures, and in any case there is plenty of spare LNG import capacity. Both arguments ignore gas market fundamentals, namely the difference between annual average demand and peak day demand on the one hand, and how competitive gas markets work on the other. Below I explain why.

05.07.2018

Estonian president discusses migration, European unity with Italian colleague

Estonian President Kersti Kaljulaid spoke to his Italian colleague Sergio Mattarella about the migration crisis, security issues and European unity, reports LETA/BNS.

05.07.2018

Lithuania: Belarus' NPP shouldn't work until EC recommendations are met

Reactors at Belarus' Astravyets Nuclear Power Plant (NPP) should not come online until all recommendations by the European Commission's experts have been fulfilled and other safety questions raised by Lithuania have been answered, the Lithuanian State Nuclear Power Safety Inspectorate (VATESI) said on July 4th, informs LETA/BNS.

04.07.2018

Court: Arcus Novus poses threat to Lithuania’s security

Arcus Novus, the developer of a data center project near Vilnius, and its majority shareholder, Denmark's SatGate Holding, pose a threat to national security as they are linked to Russia's Federal Security Service (FSB) through their direct and indirect shareholders, a court has ruled, informs LETA/BNS.

04.07.2018

Latvian president promulgates bill banning teaching in Russian at private universities

Latvian President Raimonds Vejonis has promulgated the bill that would ban use of Russian as the language of instruction also at private universities in Latvia, writes LETA, according to the announcement published in the official newspaper Latvijas Vestnesis.

03.07.2018

The more gas pipelines the better for Europe

Over the last 10 years the European gas market has seen huge changes. Thanks to rules introduced by the EU, competition between gas suppliers and security of supply have improved enormously, benefitting European consumers.

27.06.2018

Turnover of Pobeda Confectionery plant grows 3.1 times in 2017

Turnover of Pobeda Confectionery, the Latvian subsidiary of Pobeda, a leading Russian chocolate maker, in 2017 reached EUR 2.71 million, growing 3.1 times compared to 2016, while the company’s loss decreased by 44.8% to EUR 687,601, writes LETA, according to Firmas.lv business database.

25.06.2018

Evidence of laundering USD 102.3 mln might disappear in process of voluntary liquidation of ABLV Bank

Evidence of laundering USD 102.3 million might disappear in the process of voluntary liquidation of ABLV Bank, said Latvia’s Delna pro-transparency organization, cites LETA.

25.06.2018

Company of Ukraine's richest man registers MSC Media in Latvia

A company controlled by Ukraine's richest man Rinat Akhmetov has registered MSC Media firm in Latvia, writes LETA, according to information from Lursoft business database.

25.06.2018

Pieno Zvaigzdes looking for production opportunities in Russia

Pieno Zvaigzdes, a loss making Lithuanian milk processing company, is looking for productions opportunities in Russia. Local press reports that the first stage of talks has already been finished and the production under the Svalia brand might be moved to one of the Russian company Galaktik's production facilities near Saint Petersburg, the Verslo Zinios business daily writes, cites LETA/BNS.

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