International Internet Magazine. Baltic States news & analytics
Sunday, 29.05.2016, 08:47
Ventspils nafta terminals (VNT), one of the largest taxpayers in Ventspils and the largest contributor to the cargo turnover in the Ventspils Freeport, is in the process of investing EUR 5 million into the installation of a permanent vapour recovery unit (VRU) in the port of Ventspils.
Keyword tags: Energy, Good for Business, Investments, Latvia, Port, Transport
Although several large companies listed on the Tallinn stock exchange are paying more dividends in 2016 than last year, analysts are forecasting that as a result of wage pressure and smaller investments companies are to pay less dividends next year, the daily Postimees reports, cites LETA/BNS.
The recommendations provided by the Organization for Economic Cooperation and Development (OECD) gave a strong stimulus to carry out the necessary reforms in Latvia, particularly to clamp down on corruption and money laundering, as well as to enhance the management of state-owned enterprises, Foreign Minister Edgars Rinkevics (Unity) believes, cites LETA.
Enterprise Estonia (EAS) is not planning to adopt the "Just Estonishing" branding concept put forward for free by the Dutch national Peter Kentie, managing director of the city and region of Eindhoven and an e-resident of Estonia, finding that the concept does not enable to market the country well enough outside the English-speaking world, informs LETA/BNS.
In 2015, the amount of new direct investments in Europe has grown with 5,083 new direct investment projects implemented in Europe, which is by 14% more than in 2014, creating 217,666 new workplaces, up 17% year-on-year, according to the annual EY Europe Attractiveness Survey, informs LETA.
EU Commission tells Lithuania and Latvia to amend laws regulating farmland purchases or face lawsuit
The European Commission has officially demanded that Latvia, Lithuania, Bulgaria, Hungary and Slovakia amend their legislation regulating purchases of agricultural land, arguing that they restrict free movement of capital and the freedom of doing business, warning that it might take the above countries to the Court of Justice of the European Union, informs LETA.
The Foreign Investors' Council in Latvia presented the report on Shadow economy in Latvia from the investor’s viewpoint that will take place on Thursday, 26 May, from 10:00 to 12:00 in Radisson Blu Hotel Latvija.
Dutch investment fund Homburg Eastern European Fund B.V., the owner of Homburg Zolitude company, which was developing a property in the Zolitude area in Riga where a Maxima supermarket used to stand before its roof caved in, killing over 50 people in November 2013, has notified the State Chancellery about an investment dispute that might be referred to the International Centre for Settlement of Investment Disputes, informs LETA.
The Latvian Treasury on May 25th sold long-term government bonds worth EUR 20 million, the Treasury reported LETA.
The online international money transfer service Transferwise from Estonia on Wednesday announced it has raised 26 million U.S. dollars (EUR 23.3 mln) from Scottish asset manager Baillie Gifford, reports LETA/BNS, referring to Businessinsider.com.
Warsaw-listed, Lithuania-based aircraft leasing company AviaAM Leasing and China's Henan Civil Aviation Development and Investment Company (HNCA) have signed an agreement to establish a joint venture for aircraft leasing, informs LETA/BNS.
With the situation in the metal industry gradually improving, some potential investors have started showing interest in the assets of Latvia's struggling metallurgical company KVV Liepajas Metalurgs, Vladimirs Loginovs, board chairman of the Privatization Agency (PA), said on Latvian Radio today, cites LETA.
The purchasing side in an off-exchange trade made with shares of the listed Estonian shipper Tallink Grupp on the Tallinn stock exchange on May 13 in the total amount of 18.5 million euros was Baltic Cruises Investment, the third biggest shareholder in the shipper, which increased its holding by 3.4%, informs LETA/BNS.
Over the last decade, the Baltic States and the surrounding region have gradually imposed themselves as a place-to-be for flourishing business, supported by a “corporate-friendly” environment.
Trilini Energy, subsidiary of the Estonian investment company Infortar, has been cleared by the Competition Authority to acquire the Russian energy giant Gazprom's 37% shareholding in Eesti Gaas, informs LETA/BNS.