Investments

International Internet Magazine. Baltic States news & analytics Friday, 21.07.2017, 11:36

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Saeima 2018 budget to remain unchanged

Saeima 2018 budget to remain unchanged

21.07.2017

The Saeima Presidium on July 20th approved the parliament’s 2018 budget plan, envisaging the parliament’s expenditure to remain unchanged from this year at EUR 22.04 million, informs LETA.

Keyword tags: Budget, Financial Services, Investments, Latvia, Legislation



Cinamon to open multiplex in Tallinn

Cinamon to open multiplex in Tallinn

20.07.2017

The Cinamon chain of cinemas will set up a multiplex in the T1 Mall of Tallinn shopping and entertainment center that is due to open at the beginning of Peterburi Road in Tallinn in October 2018, reports LETA/BNS.

Estonia allocates EUR 638,000 to small islands

Estonia allocates EUR 638,000 to small islands

19.07.2017

The Estonian Finance Ministry has decided to provide 638,000 euros to finance 16 projects aimed at improving vital services on the country's small islands, informs LETA/BNS.


NIB signs agreement on EUR 60 mln loan to Rigas Satiksme

NIB signs agreement on EUR 60 mln loan to Rigas Satiksme

19.07.2017

Nordic Investment Bank (NIB) and the Latvian municipal transport company Rigas Satiksme have agreed on a 15-year loan totalling EUR 60 million to finance the purchase of hydrogen-fuelled vehicles and low-floor trams, LETA learned from the bank.

SEB lends EUR 3.6 mln to Colonna for buying office building in Riga

SEB lends EUR 3.6 mln to Colonna for buying office building in Riga

19.07.2017

SEB Banka has granted a EUR 3.6 million loan to Estonia-based investment company Colonna for buying an office building in Riga, the bank’s spokesman Martins Panke told LETA.


19.07.2017

Several potential investors likely to begin due diligence for airBaltic soon

Several potential investors are likely to start due diligence for the acquisition of Latvia’s national carrier airBaltic in the nearest future, Transport Minister Uldis Augulis (Greens/Farmers) told journalists after a government meeting on July 18th, writes LETA.

18.07.2017

Vilnius' Gediminas Hill reopened for the visitors

Vilnius' Gediminas Hill, which was closed for visitors last week due to heavy rain forecasts, is being reopened on July 18th, but visitors will only be allowed into the Castle Tower and a part of the observation area on the top of the historic mound, informs LETA/BNS.

18.07.2017

Profit of LHV Group totals EUR 4.9 mln in Q2

The listed Estonian banking group LHV Group earned a net profit of 4.9 million euros in the second quarter of 2017, which is 4.1% less than in the first quarter of 2017 and remained the same as in the second quarter of last year, informs LETA/BNS.

17.07.2017

Laima to invest up to EUR 20 mln in its new plant

Latvia’s Laima sweets maker plans to invest up to EUR 20 million in the coming three years in its new plant in Adazi, said representatives of Orkla Confectionery & Snacks Latvija, representing Laima brand, cites LETA.

17.07.2017

Estonian stock exchange to fine Trigon Property Development for rule violations

The listing and surveillance committee of Nasdaq Tallinn on July 14th decided to impose a fine in the amount of 500 euros to Trigon Property Development AS for the violation of Nasdaq Tallinn rules and regulations, informs LETA/BNS.

14.07.2017

Capital of Latvia's private pension funds grows by 4.7% in H1

During the first six months of 2017, Latvia's private pension funds increased their aggregate capital by EUR 17.766 million or 4.7% to EUR 398.363 million, reports LETA, according to the information released by the Latvian Association of Commercial Banks.

14.07.2017

Denmark's Furnmaster plans expansion in Lithuania

Danish-owned furniture manufacturer Furnmaster is set to relocate its production from the town of Vilkaviskis to Marijampole, the administrative and industrial center of southwestern Lithuania, as part of its expansion plans, reports LETA/BNS.

13.07.2017

Latvia’s forest manager plans to invest EUR 21.5 mln in infrastructure

Latvijas Valsts Mezi (LVM) forest manager this year plans to invest EUR 21.5 million in forest infrastructure, LVM board member Edvins Zakovics said in an interview with LETA.

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