Investments

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 00:09

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Merko to build Orkla's new chocolate factory in Latvia for EUR 9 mln

Merko to build Orkla's new chocolate factory in Latvia for EUR 9 mln

21.03.2019

SIA Merks, a company of listed Estonian AS Merko Ehitus group, has been declared preferred bidder in the procurement for the new chocolate factory construction works in Birznieki, Latvia, штащ

Keyword tags: Construction, Good for Business, Investments, Latvia, Markets and Companies



Director denies Latvian Investment and Development Agency’s involvement in EU funds fraud

Director denies Latvian Investment and Development Agency’s involvement in EU funds fraud

20.03.2019

Andris Ozols, director of the Latvian Investment and Development Agency, has denied Economics Minister Ralfs Nemiro’s (KPV LV) claim that the agency was involved in defrauding an EU fund of money, while police are not giving more details about the case, informed LETA/BNS.

Chinese investments in the Baltic Sea region

Chinese investments in the Baltic Sea region

20.03.2019

Chinese investment activities in the Baltic Sea region have seen an increase over recent years. This corresponds well with the overall growth in Chinese investment in Europe over the past decade, a trend fueled at least in part by growing restrictions imposed in the United States under the Donald Trump administration.


Hololei: China must act in accordance with EU rules in Helsinki tunnel project

Hololei: China must act in accordance with EU rules in Helsinki tunnel project

18.03.2019

Henrik Hololei, director-general for mobility and transport at the European Commission, has expressed skepticism as regards the Tallinn-Helsinki tunnel project led by Finnish businessman Peter Vesterbacka, while also pointing out that the Chinese investors ready to finance Vesterbacka's plan must act in accordance with European Union (EU) rules, writes LETA/BNS.

Latvia’s Forevers meatpacker to invest up to EUR 1 mln in production plant upgrade

Latvia’s Forevers meatpacker to invest up to EUR 1 mln in production plant upgrade

18.03.2019

Latvia’s Forevers meatpacker plans to invest up to EUR 1 mln in production plant and equipment upgrade, LETA learned from the company.


11.03.2019

Korea's Onyks to save charcoal plant in Lithuania

South Korea's Onyks, whose sole shareholder is Hong Soo Kim, hopes to revive the largest producer of charcoal for gastronomic needs in the Baltic states and the Scandinavian region, accroding to the Verslo Zinos daily information writes LETA/BNS.

07.03.2019

Israeli startup Exai set to open unit in Vilnius

Israel's artificial intelligence and content management solutions startup Exai is set to open a software development unit in Vilnius that will hire about 30 professionals, according the business daily Verslo Zinios information reported LETA/BNS.

06.03.2019

Lithuania's Juodeliai to invest EUR 40 mln into new production facility

Lithuania's wood processing company Juodeliai is starting the construction of a world-level production facility for packaging elements in the southern town of Marijampole, and its production capacity will double, accrodgin to the Verslo Zinios business daily writes LETA/BNS.

04.03.2019

Lithuania to invest EUR 8 mln in small-scale green energy

As part of a renewable energy cooperation deal, Lithuania is a transferring a share of renewable energy statistics to Luxembourg for over 8 mln euros, with the money to be invested in small-scale green energy, promotion of renewable energy communities and scientific research.

27.02.2019

Estonia putting EUR 10 mln in fund for hi-tech investment

The Estonian Ministry of Economic Affairs and Communications, Kredex and SmartCap have signed an agreement on the subscription of units in Early Fund II for the investment of 10 mln euros in hi-tech companies, reported LETA/BNS.

27.02.2019

Latvia to invest EUR 50 mln a year in military infrastructure

From 2019 to 2022 the Latvian Defense Ministry plans to invest around EUR 50 mln in military infrastructure a year as it continues to build the infrastructure necessary for the National Armed Forces (NAF), LETA was told at the ministry

22.02.2019

Estonia’s Precision Navigation Systems wins award as most promising start-up at TechChill conference

Precision Navigation Systems, a startup team from Estonia, grabbed the main prize at Fifty Founders Battle during TechChill - the biggest Latvian tech event of the year. The lucky team is going home with 10 000 EUR from TechChill Foundation and a fast track to the Silicon Vikings Startup World Cup Finals in San Francisco, the conference representatives reported.

22.02.2019

Estonia: EUR 431 mln to be invested in railway infrastructure over 6 yrs

The Estonian government on Thursday approved the railway infrastructure funding action plan for 2019-2024, according to which 431 mln euros is to be invested in the existing railway network, reported LETA/BNS.

20.02.2019

Liepaja company iCotton invests EUR 5.7 mln in construction of new production facility

Liepaja hygiene products maker iCotton is investing EUR 5.79 mln, received from BlueOrange Bank and the Central Finance and Contracting Agency, in construction of a new production facility and new equipment, informed LETA.

18.02.2019

UP Invest exiting food retail business

UP Invest, holding of Estonian businessman Margus Linnamae, has decided to exit the business of food related retail and will discontinue the operation of the units supporting it, reported LETA/BNS.

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