International Internet Magazine. Baltic States news & analytics
Thursday, 30.10.2014, 17:54
Ahlstrom, a high performance fiber-based materials company Ahlstrom, celebrates the inauguration of its Service Center in Vilnius, Lithuania, reports LETA/ELTA.
Keyword tags: EU – Baltic States, Good for Business, Investments, Lithuania, Markets and Companies
During a shareholders’ meeting last week, shareholders of joint-stock power-supply company Latvenergo decided to enter into loan agreements with the winning bidders of the bank loan tender which was announced this past April to attract capital of up to EUR 150 million under the borrowed capital attraction plan, according to an announcement today at the ''Nasdaq'' Riga Stock Exchange, cites LETA.
Infortar, major shareholder of Estonian passenger shipping company Tallink, is interested in buying the whole of Estonian national carrier Estonian Air, Infortar's head Ain Hanschmidt said at a press conference on Wednesday, LETA/Postimees Online reports.
Mobile communications operator Bite Latvija (Bite) earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 3.4 million in the third quarter of 2014; this is 23% more than in the respective period of 2013, the company's director Fred Hrenchuk told the business portal Nozare.lv, informs LETA.
Financial (regularity) audits for the year 2013 carried out by the National Audit Office in Lithuania assessed whether decisions in particular public investment areas are always implemented at the lowest cost and meet the needs of the society, reports LETA/ELTA, referring to the audit office.
Speaking at the Swedish Business Awards ceremony, Prime Minister Taavi Rõivas acknowledged the cooperation between the two countries and invited businesses to continue on a shared path with bold, innovative ideas, reports BC government’s press service.
The government of Latvia decided on October 28th to agree on the Citadele banka (Citadele) sale agreements which stipulate that U.S. investor Ripplewood Holdings will be able to sell the bank's shares in two years time, informs LETA/Nozare.lv.
On Tuesday, Lithuanian Prime Minister Algirdas Butkevicius received the president of the American-Lithuanian Business Council, Eric Stewart, Vice President Luke Myers and other members of the Council, reported LETA/ELTA, referring to the prime minister's press service.
While Estonian people are showing more interest towards their retirement assets, the general level of awareness is quite low, Public Broadcasting cites a Swedbank survey.
The high-tech and intellectual technology manufacturer SIA Hanzas Elektronika has received EUR 4.7 million from Citadele Bank for refinancing purposes, as well as a loan of EUR 1.5 million to develop the company. This will allow Hanzas Elektronika to increase job numbers at its manufacturing facilities in Ogre and Ventspils, as well as to open a new engineering centre in Mārupe, reported BC head of corporate communications at Citadele Baiba Ābelniece.
Tripartite Social Summit urges EU member states’ governments and social partners towards creating more jobs and stimulating investment to provide growth.
As an expert in complex intercontinental traffic flows, GEFCO is investing in a new air cargo hub at Frankfurt airport in Germany and thereby strengthens its Overseas network, which is made up of 80 hubs and depots around the world, informs BC Dita Bukovska.
Minister of Economy Evaldas Gustas attended the opening ceremony of the US health care company Intermedix service centre in Kaunas, informs LETA/ELTA. Priomi Minister Algirdas Butkevicius was also present.
The Lithuanian real estate company Nevertel plans to invest about EUR 11 million in the new hotel at 25 Grecinieku Street in the Old Town of Riga, as Nevertel representative in Latvia Ramona Miglane revealed, cites LETA/Nozare.lv.
A new logistics centre, Amber Logistics, part of the international spirits company Amber Beverage Group, was opened in Stopiņi county, near the capital city Riga. Amber Logistics centre will specialise in storage of alcoholic beverages and provision of transportation services in the Baltic Region, reported BC communicationsm manager of Amber Beverage Group Dana Hasana.