Investments

International Internet Magazine. Baltic States news & analytics Thursday, 19.07.2018, 21:56

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EUR 803 mln invested in Estonia in framework of Juncker Plan

EUR 803 mln invested in Estonia in framework of Juncker Plan

19.07.2018

Altogether 335 bln euros has been invested in the European economy in the framework of the Junkcer Plan, of which 803 mln euros has been invested in Estonia, while relative to the gross domestic product (GDP) of the state, Estonia is second in terms of the volume of investments, writes LETA/BNS.

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



Latvijas Dzelzcels to borrow EUR 31 mln for implementation of infrastructure modernization projects

Latvijas Dzelzcels to borrow EUR 31 mln for implementation of infrastructure modernization projects

16.07.2018

Joint-stock company Latvijas Dzelzcels (Latvian Railroads) has signed agreement on taking out a EUR 31 mln loan from OP Corporate Bank Plc. branch in Latvia, necessary for implementation of several infrastructure renovation and modernization projects of the company this year, informs LETA.

Lithuania may have to wait for Chinese fintech investments

Lithuania may have to wait for Chinese fintech investments

10.07.2018

A decision by China and 16 Central and Eastern European countries to establish a financial technologies coordination center in Vilnius is a recognition of Lithuania's achievements in this area but does not automatically guarantee Chinese investments in this sector, the president of the Lithuania-China Business Council said LETA/BNS.


Retal investing EUR 4 mln in Klaipeda

Retal investing EUR 4 mln in Klaipeda

09.07.2018

International packaging manufacturer Retal is investing 4 million euros in its Klaipeda-based subsidiary Retal Baltic, with plans to build a warehouse, administrative premises and a new laboratory, reports LETA/BNS.

Baltcap Infrastructure Fund increases its total volume to EUR 100 mln

Baltcap Infrastructure Fund increases its total volume to EUR 100 mln

09.07.2018

The European Bank for Reconstruction and Development (EBRD) is to invest 20 million euros into the Baltcap Infrastructure Fund, the total volume of which is to increase to 100 million euros, informs LETA/BNS.


04.07.2018

Lithuanian Railways plans to invest EUR 7 bln by 2030

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) plans to invest 7 billion euros by 2030 and reach a turnover of 725 million euros, up 60 percent from last year. The company's profit is set to double over the next 12 years, informs LETA/BNS.

04.07.2018

Tukuma Piens to invest nearly EUR 2 mln in renovation of production

The Latvian dairy company Tukuma Piens will invest nearly EUR 2 million in renovation of the production and warehousing facilities, according to the website of the Procurement Supervision Bureau.

04.07.2018

Bringing Stora Enso's financial center to Estonia will develop economy

Chief of Enterprise Estonia's (EAS) foreign investment division Allan Selirand said that the expansion of the financial services center of Nordic wood and paper group Stora Enso in Tallinn is a good example of accelerating economic development through jobs with a high added value, informs LETA/BNS.

03.07.2018

EUR 100 mln to be invested in Estonian companies with help of EstFund

The Estonian state-owned financial institution KredEx through the EstFund initiative and the European Investment Fund (EIF) made two new investments into Equity United PE I and Tera Ventures Fund II in Estonia, from which along with private investors approximately 100 million euros will be made available for Estonian companies, informs LETA/BNS.

03.07.2018

Convious opening research center in Lithuania

Dutch IT company Convious is opening a research and experimental development center in Vilnius and is looking for software engineers and data analysts, with 30 people expected to be employed by the end of 2018, reports LETA/BNS.

02.07.2018

Kronospan Riga chipboard maker raises turnover 5.7% in 2017

During its last fiscal year lasting from October 1, 2016 to September 30, 2017, Kronospan Riga chipboard producer turned over EUR 186.822 million, up 5.7% year-on-year, and made a profit of EUR 89.332 million, which was 2.5 times higher than in 2016, writes LETA, according to information available at Firmas.lv.

02.07.2018

Estonian Railways to invest EUR 16.5 mln in traffic control system

The state-owned Estonian railway infrastructure company Estonian Railways (AS Eesti Raudtee) on June 29th signed an approximately 16.5 million euro contract with Mipro Oy for the modernization of the traffic control system of the western part of Harju County, informs LETA/BNS.

29.06.2018

Lifting trade and investment barriers for European businesses

New annual report “Trade and Investment Barriers” recently published shows that the European Commission has eliminated many trade barriers for the EU companies in trade with foreign countries. About 90 barriers were lifted for businesses through the EU Market Access Partnership since the end of 2014 and 45 during only one year -2017.

29.06.2018

BRD Projekts to develop construction designs for Skanste tram line in Riga

The construction designs for the new Skanste tram line in Riga will be developed by BRD Projekts company, and the contract amount is EUR 2.05 million (VAT excluded), said Rigas Satiksme, the municipal company providing public transport services in the Latvian capital, informs LETA.

29.06.2018

Construction of Grand Dukes' Palace in Vilnius completed

The construction of the Palace of the Grand Dukes of Lithuania on the site of the original palace in the capital's lower castle complex has been completed 15 years after it was started, informs LETA/BNS.

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