International Internet Magazine. Baltic States news & analytics
Thursday, 02.07.2015, 08:20
Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.
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According to Statistics Estonia, in May 2015 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices. While in April retail sales increased by 6% compared to the same month of the previous year, then in May the growth in retail sales accelerated slightly.
Only Romania uses more fiber-optic Internet with a speed of over 100 Mbit/s than Latvia, reports LETA, according to a European Commission report on the electronic communication sector.
Estonian fashion and retail company Baltika informed the Tallinn Stock Exchange that its consolidated sales revenue for June 2015 totalled 4.328 million euros, increasing by 5% compared to continued operations revenue of the same period last year, reports LETA.
Commission provides funds –through the Connecting Europe Facility, CEF to help finance key trans-European energy infrastructure projects in the member states. This is the second of the two Commission’s calls scheduled for 2015. Up to €550 million will be made available for projects contributing to a resilient energy union. Below are conditions for applicants.
The world's leading glass packaging manufacturer, U.S. concern Owens Illinois opened on June 30th 2015 an extension of its glass packaging factory in Järvakandi, central Estonia, which among other things enables now to recycle sheet glass in Estonia, LETA/Public Broadcasting reports.
Following investor feedback, the authorities responsible for the Marvele Inland Cargo Port Public Private Partnership (PPP) in Lithuania have announced that they will be adding more guarantees to private investors in the project, reported BC chief project manager for PPP Irmantas Butkauskas.
Benu aptieka network increased its profit by 53.5% in 2014 in Latvia, reports LETA, according to Firmas.lv information.
Rimantas Sinkevicius, Minister of Transport and Communications of the Republic of Lithuania, met with the government officials and representatives of the biggest transport, logistics, infrastructure construction and rolling production companies from the province of Xinjiang, reported BC the oress service of the ministry.
Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) Council approved on Tuesday the construction of a liquefied natural gas (LNG) bunkering terminal in the Muuga port, the company announced LETA.
The Commission is further delivering on the initial top priority of creating jobs and boosting growth in EU; this time it unveils about €13.1 billion investment into 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of €28.8 billion. In the Baltic States Rail Baltica project is eligible for the funding.
In the latest call for proposals for grants from the European funding facility Eurimages, a joint film production between Estonia, Latvia and Lithuania called “Pretenders” received a grant of 120,000 euros, writes LETA/Postimees Online.
The home appliances wholesaler Proks turned over EUR 107,029,331 in 2014, which is 70% more than in 2013, reports LETA, according to Firmas.lv information.
Statistics Lithuania informs that, based on provisional data, in May 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 745.8 million; against April 2015, it increased by 1.4% at constant prices (seasonally adjusted – decreased by 1.2%).
Based on EY's European Attractiveness Survey, in 2014 the three Baltic States completed by 9% more investment projects and created by 31% more jobs than in 2013. Foreign direct investment in Europe resulted in 12% increase in new jobs, reports LETA/ELTA.