International Internet Magazine. Baltic States news & analytics
Monday, 20.02.2017, 19:43
The Estonian software company Helmes has won a framework tender for information systems development of the Organization for Economic Cooperation and Development, reports LETA/BNS.
Keyword tags: Baltic Export, Estonia, Financial Services, Good for Business, Innovations, Internet, Markets and Companies, Technology
According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.
International credit rating agency Moody's has once again affirmed the credit rating of Latvia’s Latvenergo power utility at Baa2, with a stable outlook, the company said in its statement to the Nasdaq Riga stock exchange.
On Friday, the Russian national award for achievements in business aviation – the Wings of Business – will be held in Moscow for the first time. Rietumu Bank is the general sponsor of this event.
Tieto Latvia IT company has developed national level instant payments platform for Kenya, BC learned from the company.
Latvia’s economic growth will accelerate to 3.2% this year and 3.4% in 2018, according to the Finance Ministry’s forecast writes LETA.
RAM experts: “January Turned to Be a Record Month with Regard to the Number of Corporate Bonds Issued in the United States”
Rietumu Group specialists have prepared a review of the profitability of investment funds of Rietumu Asset Management in January. The review includes an analysis of key economic indicators, the monetary policy. It provides comprehensive information on the situation on stock markets, bond, currency and commodity markets. The review is accompanied with extensive comments from experts.
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.
The Estonian Social Ministry held the first successful joint tender with the Latvian Health Ministry to purchase rotavirus vaccine and as a result both countries saved money, reports LETA/BNS.
On February JSC “Daugavpils Lokomotīvju Remonta Rūpnīca” received first locomotive TEM2 (SM48) for repair from Poland company PKP Linia Hutnicza Szerokotorowa spółka z o.o., DLRR said in its statement.
Since August 2010 Reverta has repaid the State Treasury EUR 430.1 mln but the total of various payments to the State amount to EUR 690.3 mln, including EUR 16 mln in the form of tax payments, Reverta said in its statement.