Investments

International Internet Magazine. Baltic States news & analytics Sunday, 21.09.2014, 09:02

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EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings

EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings

19.09.2014

The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.

Keyword tags: Banks, EU – Baltic States, Financial Services, Funds, Investments, Latvia, Legislation, USA



EU’s support for SMEs: practical outcomes

EU’s support for SMEs: practical outcomes

19.09.2014

The European Commission has revealed a list of 155 small and medium-sized enterprises (SMEs) from 21 states that will be first to benefit from the new €3 billion SME Instrument. These SMEs will each receive €50,000 to finance feasibility studies for their projects, and they can get up to three days of business coaching. After that, their projects may be considered for further financial support from the Commission worth up to €2.5 million.

Lithuania – regional leader of attracting FDI in H1

Lithuania – regional leader of attracting FDI in H1

19.09.2014

Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times' database of foreign direct investment (FDI), Invest Lithuania, foreign direct investment development agency, reports.


Ripplewood: local market and quotation of Citadele shares in stock market is priority

Ripplewood: local market and quotation of Citadele shares in stock market is priority

19.09.2014

The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.

Latvian Government Treasury long term debt securities to be sold at auction

Latvian Government Treasury long term debt securities to be sold at auction

19.09.2014

Latvian Government Treasury long term debt securities in the amount of EUR 20 million, will be sold in an auction next week, September 24, according to information provided by "NASDAQ OMX Riga", cites LETA.

19.09.2014

Pharmaceutical giant Cipla ready to finance the internship of 3 Lithuanian scholars in India

On Thursday, Lithuanian Prime Minister Algirdas Butkevicius met with Yusuf K. Hamied, Chairman of the Board of the Indian pharmaceutical company Cipla, during his visit to Lithuania, reported LETA/ELTA the prime minister's press service.

18.09.2014

Ir: Liepajas metalurgs investors haunted by scandals and lawsuits

Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.

18.09.2014

Citadele buyer offers to pay EUR 92 mln for the bank, actual amount could be smaller

U.S. fund Ripplewood Holdings has offered to pay EUR 92 million for the Citadele bank, as television news channels reported last night, cites LETA.

18.09.2014

Analysts: Russian money flees to Estonia

The amount of Russia's direct investments in Estonia has increased in the first half of the year 2014, commented economic analysts of four major banks at a debate on Wednesday, LETA/Delfi Ärileht reports.

18.09.2014

Construction Inspectorate is demanding to destroy a biofuel plant in Vilnius

Blind stubbornness of the authorities has gone over the top as in the light of the current geopolitical crisis the Construction Inspectorate is demanding to destroy a newly built biofuel plant in Vilnius when Lithuania is facing an energy blockade from Russia and the heating season is about to begin, reports LETA/ELTA, referring to Lietuvos rytas.

18.09.2014

Latvian Saeima turns Nationalists’ repeat proposal to suspend issuing residence permits to Russians

Today Saeima turned down amendments to the Immigration Law repeatedly proposed by All for Latvia! - For Fatherland and Freedom/LNNK (VL-TB/LNNK), stipulating that in order to prevent threat to national security, the government must suspend issuing residence permits to Russian citizens, informs LETA.

18.09.2014

Russian chocolate manufacturer Pobeda to open factory in Ventspils

One of the largest chocolate manufacturers in Russia Pobeda Confectionery plans to open a chocolate factory in Ventspils in 2015, Ventspils Mayor Aivars Lembergs (For Latvia and Ventspils) said in a press conference yesterday, cites LETA.

18.09.2014

Estonian VKG launches second oil factory

Estonian chemical industry Viru Keemia Grupp (VKG) successfully launched its Petroter II plant, which is already running at full capacity for two weeks, LETA/Postimees Online reports.

17.09.2014

Estonian state supports work on Paldiski nuclear object with 2.1 mln euros

Estonian state-owned foundation Environmental Investments Centre (EIC) supports from European Union funds the necessary preliminary studies for reorganising the Paldiski nuclear object with EUR 2,116,000, LETA/Public Broadcasting reports.

17.09.2014

The EU Youth Guarantee to support job creation

The EU institutions agreed to create a special € 6 billion Youth Employment Initiative (YEI) financial support for those states and regions that experience high youth unemployment and inactivity. The Youth Guarantee is both a structural reform to drastically improve school-to-work transitions and a measure to immediately support jobs for young people. Two Baltic States are eligible to EU funding, i.e. Latvia and Lithuania.

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