Investments

International Internet Magazine. Baltic States news & analytics Tuesday, 14.07.2020, 19:00

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Government approves EUR 51 mln allocation to subsidize wages in Latvian exporting enterprises

Government approves EUR 51 mln allocation to subsidize wages in Latvian exporting enterprises

14.07.2020

The government today approved the Economics Ministry's proposal to allocate EUR 51 million for wage subsidies to exporting enterprises that have suffered from the Covid-19 crisis, reports LETA.

Keyword tags: Baltic Export, Covid-19, Financial Services, Investments, Latvia, Legislation, Markets and Companies



Government in Latvia allots EUR 28.5 mln for local governments' investment projects

Government in Latvia allots EUR 28.5 mln for local governments' investment projects

14.07.2020

The Cabinet of Ministers today approved issuing EUR 28,490,923 in loans for municipal investment projects, also providing local governments with new opportunities to take out loans, informs LETA.

Latvia plans marketing activities to attract more tourists from Finland

Latvia plans marketing activities to attract more tourists from Finland

13.07.2020

Latvia is planning marketing activities to attract more tourists from Finland which has been defined as one of target countries, LETA was told at the Economics Ministry.


Estonian govt approves allocation of additional EUR 26 mln to public e-service development

Estonian govt approves allocation of additional EUR 26 mln to public e-service development

10.07.2020

The Estonian government at a sitting on Thursday supported proposals by Minister of Foreign Trade and IT Raul Siem to support the development of public e-services with 26.4 mln euros, informed LETA/BNS.

Estonian govt approves long-term building renovation strategy

Estonian govt approves long-term building renovation strategy

10.07.2020

The Estonian government at a sitting on Thursday approved the long-term building renovation strategy, the main goal of which is to cost-effectively renovate the existing building stock into nearly zero-energy buildings by 2050, informed LETA/BNS.


09.07.2020

Opera buys Lithuania’s Fjord Bank

Opera Limited, a software company and one of the world’s leading browser providers with more than 360 million users, intends to acquire Fjord Bank, a Lithuania-based digitalized bank, which on Wednesday launched its first exclusively online deposit and loan service, and will apply for the required regulatory approvals, Fjord Bank reported on July 9th, reports LETA/BNS.

08.07.2020

Vilnius refurbish the grounds around the former Sports Palace

Vilnius' municipal council on Wednesday gave the green light for the city to sign an agreement with Lithuania's centralized public property manager Turto Bankas on the refurbishment of the grounds of the capital's Concert and Sports Palace, a now derelict building that was built during the Soviet era on the site of an old Jewish cemetery, informs LETA/BNS.

08.07.2020

We have decided to focus on production in Latvia, and we have our reasons

The time has come for the AS Agrolats Holding group, which includes such well-known brands as Tērvete and Druva, to take the decision to leave several foreign markets in which Agrolats Holding has been operating until now, because we see major risks emerging, which we cannot control or mitigate.

08.07.2020

Chairman of the Board of “Agrolats Holding”: Latvian agricultural holding is trying to save its Ukrainian investments from a respectable American investment fund

Interview with Vitauts Paškausks, Chairman of the Board of “Agrolats Holding”about business and investment.

08.07.2020

New Hanza Capital starts construction of logistics park in Riga worth EUR 18.3 mln

New Hanza Capital, the commercial property arm of Latvia’s ABLV Bank, which is currently in the process of liquidation, has started constriction of an A-class warehouse and logistics park in Riga at 462 Maskavas Street, LETA was told at the company.

08.07.2020

FDI in Latvia up 1% in H1

In the first half of 2020, foreign direct investment (FDI) in Latvian enterprises rose by 1% to EUR 7.22 billion, representatives of Lursof business database provider informed LETA.

07.07.2020

Nasdaq Riga: European capital markets needs simpler regulation

The regulation of the European Union's (EU) capital markets has to become simpler and more proportional to smaller enterprises, because currently the same requirements are applied to large corporations and small companies whose shares or bonds are listed on stock exchanges, Nasdaq Riga Board Chairperson Daiga Auzina-Melalksne, who participated in drawing up a report on the development of European capital markets, told LETA.

06.07.2020

EU Commission approves Latvia's plan to set up EUR 100 mln fund to support large producers

The European Commission has approved Latvia's plan to set up a fund, which will make up to EUR 100 million available to large producers affected by the Covid-19 crisis, informs LETA.

03.07.2020

Kazakh businessmen set to build EUR 100 mln lubricant plant in Lithuania

Businessmen from Kazakhstan plan to invest more than 100 million euros in the construction of a lubricant plant in Klaipeda District, Western Lithuania, the daily Vakaru Ekspresas reports on Friday, cites LETA/BNS.

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