International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 12:58
In the beginning of 2013, the mood among German companies operating in the Baltic States once again is very optimistic, thus carrying forward the trend of the past three years. The favourable economic conditions in the Baltic States and the positive prospects for the future also determine the expectations towards further developments of their turnovers and export activities and therefore let them expect a successful business year 2014, says the Business survey 2014 of the German-Baltic Chamber of Commerce (AHK).
Keyword tags: Analytics, EU – Baltic States, Financial Services, Good for Business, Investments, Markets and Companies
On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.
As of April 16, Estonian fuel concern AS Alexela Energia is the owner of all assets of chemicals industry OÜ Kiviõli Keemiatööstuse Varad, Äripäev.ee/LETA reports.
The indebtedness of Estonian companies and households continued to decline last year, Estonia's central bank Eesti Pank said in its fresh financial account statistics, cites LETA.
The Lithuanian film centre announced the final list of projects that received national funding for 2014. A total of EUR 2 million was distributed among 40 projects, informs LETA/ELTA.
Joint-stock Valmieras stikla skiedra (Valmiera Fiberglass, VSS) is planning to broaden the Valmiera Glass Group by establishing a new subsidiary called Valmiera Glass USA Corp in the United States, according to the company's announcement at the Riga Stock Exchange, cites LETA/Nozare.lv.
At 2.6% of GDP, Latvia looked at a EUR 608.9 million direct foreign investment total in 2013, informs LETA, referring to the Bank of Latvia.
Wix, a global leader among website development platforms, has opened a new office in Vilnius. The plan is for the office to employ over 150 information technology (IT) specialists, informed LETA/ELTA, referring to the Vilnius City Municipality.
Estonia-based construction company Pro Kapital Grupp approved the audited annual report for the financial year 2013, under which the company's audited and consolidated revenue for financial year 2013 amounted to 12.287 million euro, compared to the 2012 revenue of 16.078 million euro, Pro Kapital Grupp said in a statement, cites LETA.
The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.
Invalda LT, one of the major Lithuanian investment companies, requests to suspend trading of the company's shares on NASDAQ OMX Vilnius Stock Exchange from 23 April 2014 due to the ongoing process of split-off of the Company, the company announced in a press release, cites LETA/ELTA.
The presentation of the Astana Economic Forum was held in the historical center of the Financial District of New York – Wall Street. A unique Kazakhstani project was presented to the heads of international financial and investment companies, as well as experts of world stock exchanges.
One of Russia's biggest cosmetics industries Natura Siberica will open a plant in Tallinn in October, intending to make natural cosmetics out of plants grown in the Estonian Saaremaa island, LETA/Postimees writes.
Prime Minister of Lithuania Algirdas Butkevicius who has visited Mazeikiai noted that as businessmen and investors are lacking qualified workers, every opportunity must be used to encourage emigrants to return to Lithuania, informs LETA/ELTA.
The positive flow of net portfolio investment amounted to 6 million litas in February, while in January-February 2014 – almost two billion litas, the Statistics Department of the Bank of Lithuania said in a statement, informs LETA.