Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 13:19

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US biotech giant Biogen launches operations in Lithuania

US biotech giant Biogen launches operations in Lithuania

04.12.2020

US-based biotech giant Biogen has this week launched operations in Lithuania where it plans to carry out clinical trials and other projects with local partners. Biogen said on Friday it opened its office in Vilnius on December 1, writes LETA/BNS.

Keyword tags: Good for Business, Innovations, Lithuania, Markets and Companies, Technology, USA



Estonia's security of electricity supply guaranteed until 2030

Estonia's security of electricity supply guaranteed until 2030

04.12.2020

The security of electricity supply for Estonian consumers on the market basis is ensured at least until 2030, both according to the European electricity system sufficiency survey as well as surveys commissioned by the Estonian transmission system operator Elering, writes LETA/BNS.

Corum Asset Management buys Kamarin's House in Riga from Baltic RE Group

Corum Asset Management buys Kamarin's House in Riga from Baltic RE Group

04.12.2020

Eurion Fund, managed by France's Corum Asset Management, has acquired from Baltic RE Group the historical Kamarin's House, a building situated in Riga's Townhall Square, representatives of Baltic RE Group informed.


Owners of Rietumu Banka and ABLV Bank top Latvia's rich-list

Owners of Rietumu Banka and ABLV Bank top Latvia's rich-list

03.12.2020

Owners of Rietumu Banka and ABLV Bank, which in the process of liquidation, have topped Latvia's rich-list in 2020, compiled by the business newspaper Dienas Bizness and Lursoft publication Millionaire, cites LETA.

Estonian start-up disrupting South Africa's car market raises USD 10m in debt round from Lendable

Estonian start-up disrupting South Africa's car market raises USD 10m in debt round from Lendable

03.12.2020

Planet42, an Estonian car subscription company that helps individuals ignored by banks to get access to a personal vehicle, has announced a 10 mln USD raise from US-based Lendable Inc, an institutional debt investor. To date, Planet 42 has bought and delivered over 2,000 second-hand cars in South Africa, its primary market.


03.12.2020

Estonian tech startup Salv raises EUR 1.5 mln

Estonian startup Salv has announced closing a funding round of 1.5 mln euros to expand its anti-money laundering pilot to other European Union countries.

03.12.2020

Sweden's Eliq to open product development office in Vilnius

Eliq, a Swedish company developing customer engagement software for energy suppliers, has announced plans to open a product development office in Vilnius, writes INvest Lithuania.

03.12.2020

Tallinn to contribute EUR 85,000 towards OECD program on circular economy

The city of Tallinn is set to contribute 85,000 euros towards the program of the Organization for Economic Cooperation and Development (OECD) titled "Program on the Circular Economy in Cities and Regions", informs LETA/BNS.

03.12.2020

Lithuanian government paving way for wind turbine production in Klaipeda

With Lithuania planning to build wind farms in the Baltic Sea, the government on Wednesday took steps to set up infrastructure for turbine production, assembly and storage operations in the port of Klaipeda, writes LETA/BNS.

02.12.2020

Estonian company acquires largest data center in Baltics

The Estonian company Greenergy Data Centers has involved the Three Seas Initiative Investment Fund (3SIIF), an investment fund established within the framework of the Three Seas Initiative, as an investor and acquired MCF, the largest data center in the Baltics being established near Tallinn, writes LETA/BNS.

02.12.2020

Lithuania's Cargo Stream expands to France

Lithuanian company Cargo Stream, developing a digital logistics management system, is expanding to France and is establishing a joint enterprise in the port of Dunkerque with local investors, informs LETA/BNS.

02.12.2020

The expenditures on R&D in Estonia rose by 24% in 2019

According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.

02.12.2020

Sales of Xnet online store double this year

Along with the steep development of e-commerce, sales of Xnet online store have doubled this year, said Xnet head Edgars Ejubs in an interview with LETA.

02.12.2020

Covid-19 vaccine for residents will be free of charge in Latvia

The vaccine against Covid-19 will be provided free of charge to residents, Prime Minister of Latvia Krisjanis Karins (New Unity) told members of the press after government meeting on December 1st, cites LETA.

01.12.2020

Latvia: Annual increase of average wages and salaries – 5,9 %

Compared to the 3rd quarter of 2019, in the 3rd quarter of 2020 the average gross wages and salaries for full-time work increased by 5.9% or EUR 64 and comprised EUR 1 147.

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