Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 14.12.2018, 01:21

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Nordecon to acquire full shareholding in related company registered in Ukraine

Nordecon to acquire full shareholding in related company registered in Ukraine

13.12.2018

The listed Estonian construction group Nordecon is to acquire a full shareholding in the related company Technopolis-2 TOV registered in Ukraine in the framework of a project for the construction of a logistics center in the Kiev Oblast, reported LETA/BNS.

Keyword tags: Baltic States – CIS, Construction, Estonia, Good for Business, Markets and Companies, Ukraine



Estonian Railways Jan-Nov freight carriage grows 12% on year

Estonian Railways Jan-Nov freight carriage grows 12% on year

13.12.2018

Freight transported on the infrastructure of the Estonian state-owned railway infrastructure company Estonian Railways during the first 11 months of this year totaled approximately 12.4 mln tons, 12% more than in the same period in 2017, reported LETA/BNS.

Estonia to organize auction of 5G frequencies at beginning of 2019

Estonia to organize auction of 5G frequencies at beginning of 2019

13.12.2018

The state of Estonia is to organize an auction of 5G communications network frequencies at the beginning of next year, when the frequency range from 3,410 to 3,800 MHz will be put on sale, informed LETA/BNS.


Latvia to host WTA tournament in 2019

Latvia to host WTA tournament in 2019

13.12.2018

Latvia will host a Women's Tennis Association (WTA) tournament next year, as Latvian Tennis Union's Secretary General Karlis Lejnieks told LETA.

YIT Infra wins EUR 20 mln contract to upgrade section of Vilnius-Utena highway

YIT Infra wins EUR 20 mln contract to upgrade section of Vilnius-Utena highway

13.12.2018

The Lithuanian and Estonian units of the infrastructure project company YIT Infra, which is part of Finland's construction group YIT, have won a contract to upgrade the first 4-kilometer section of the Soviet-built Vilnius-Utena highway, informed LETA/BNS.


13.12.2018

Lithuania's Orion Securities in talks to buy unnamed Western European bank

Lithuania's financial company Orion Securities is in talks on the acquisition of an unnamed Western European bank, according the Vz.lt news website reported LETA/BNS.

13.12.2018

Fintech start-up Revolut gets specialized bank license in Lithuania

UK-based financial technology startup Revolut has obtained a specialized bank license in Lithuania that will allow it, among other things, to provide loans and accept deposits, reported LETA/BNS.

12.12.2018

Workland opens its second fully serviced business centre and coworking space in Vilnius

Workland Group, with its fully serviced offices and coworking spaces throughout the Baltic States, is finalizing the construction of their second centre in Lithuanian capital. Workland Didžioji, located in a historic building in Old Town Vilnius, is opening its doors in January 2019. The presales process has started and first contracts are being signed, informed Workland Lithuania representative.

12.12.2018

Elisa receives EUR 100 mln loan to develop 5G grid in Estonia, Finland

The Finnish telecommunications company Elisa has taken a loan amounting to 100 million euros from the Nordic Investment Bank to develop its 5G networks in Finland and in Estonia, reported LETA/BNS.

12.12.2018

Lithuania's Nordic Sugar Kedainiai to invest EUR 12 mln into plant upgrade

Nordic Sugar Kedainiai, a Lithuanian company own by Nordic Sugar, one of the largest sugar producers in Europe, plans to invest 12 mln euros into its plans upgrade, according the Verslo Zinio business daily writes LETA/BNS.

11.12.2018

Latgale Special Economic Zone included in the list of free zones

The government on Tuesday amended the Cabinet of Ministers regulations on free economic zone, including Latgale Special Economic Zone in this list.

11.12.2018

Latvian ports handle 5.9% more cargo in January-November

Latvian ports handled 60.5 mln tons of cargo in January-November - a 5.9% increase on the same period last year, according to the Transport Ministry's data.

11.12.2018

Freight shipping by rail in Latvia up 12.1% in January-November

In the first 11 months of this year, freight shipping by rail in Latvia increased by 12.1% year-on-year to 44.824 mln tons, according to the data released by the Transport Ministry.

11.12.2018

Latvian insurance market may grow 7%-12% next year - association

Latvia's insurance market could grow 7% to 12% next year, mostly because the national economy is also expected to keep growing next year, Latvian Insurers Association's President Janis Abasins told LETA on Tuesday.

11.12.2018

In October foreign trade turnover in goods in Latvia was 13.3% larger than last year

Provisional data of the Central Statistical Bureau show that in October 2018 the foreign trade turnover of Latvia amounted to EUR 2.66 bn, which at current prices was 13.3% more than in October 2017, of which the exports value of goods was 6.8 % and imports value of goods was 18.8% higher. In October, Latvia exported goods in the amount of EUR 1.16 bn, but imported in the amount of EUR 1.50 bn. Compared to October 2017, foreign trade balance has worsened as exports in total foreign trade amount decreased from 46.2% to 43.6%.

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