Investments

International Internet Magazine. Baltic States news & analytics Tuesday, 17.09.2019, 01:49

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40 new stores opened in extension of Alfa shopping mall

40 new stores opened in extension of Alfa shopping mall

06.09.2019

There will be 40 new stores opened in the new extension of Alfa shopping mall in Riga, thus, the total number of stores in Alfa will reach 210, said Patrick van Dooyeweert, investment and development director at Multi Corporation, the owner of Alfa, at the ceremony unveiling the new extension.

Keyword tags: Good for Business, Investments, Latvia, Real Estate, Retail



Estonia: Mitt & Perlebach to build business center in Tallinn's Tselluloos quarter

Estonia: Mitt & Perlebach to build business center in Tallinn's Tselluloos quarter

21.08.2019

The Estonian construction company Mitt & Perlebach has signed with Fausto Capital a contract as main contractor to complete the Fahle Park business park in 2020; the project represents an investment of close to 18.5 mln euros excluding VAT, reported LETA/BNS.

Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

15.08.2019

AS Printall, a wholly-owned subsidiary of AS Ekspress Grupp, has entered into agreements to purchase semi-finished product collection systems for magazine web press and flow-feed systems for binding machines with loading equipment for semi-finished product for an investment of up to 1.9 mln euros, informed LETA/BNS.


SmartLynx Airlines plans to invest EUR 5 mln in Canada Jetlines startup

SmartLynx Airlines plans to invest EUR 5 mln in Canada Jetlines startup

12.08.2019

SmartLynx Airlines in Canada signed an agreement on a EUR 5 million investment in Canada Jetlines startup in order to solve seasonality problems, said SmartLynx Airlines board member Zygimantas Surintas in an interview with LETA.

Fortaco invests in increased steel fabrication capacity at Fortaco Estonia OU

Fortaco invests in increased steel fabrication capacity at Fortaco Estonia OU

07.08.2019

Fortaco Group, the largest manufacturer of steel fabrications in Europe, has started a capacity extension project of over 10 mln EUR in Narva, Ida-Virumaa, Fortaco`s representative informed BC.


06.08.2019

EUR 300 mln to be invested in Baltic private, venture capital funds

The European Investment Fund (EIF) and the three Baltic countries of Estonia, Latvia and Lithuania signed a Baltic Innovation Fund 2 agreement according to which more than 300 mln euros is to be invested in Baltic private and venture capital funds through the fund over the course of the next five years.

05.08.2019

Latvia: Defense Ministry to make significant investments in infrastructure in 2020

The Latvian Defense Ministry plans significant investments in infrastructure next year, said Defense Minister Artis Pabriks (For Development) in an interview with Diena daily.

05.08.2019

Fishery VARITA invests EUR 3.6 mln in the development of the company

The fishery VARITA, with the support of the Rural Support Service and the financing provided by BlueOrange, has invested EUR 3.6 mln in the development of the company. Of this amount, EUR 1.1 mln is used for modernisation, including the purchase of new refrigeration equipment, while the remaining amount will be invested in the development of the company and the increase in catch volumes, the company`s representative informed BC.

05.08.2019

Lithuania: Stemma Group to invest EUR 100 mnl into Memelio Miestas projec

Stemma Group, a company controlled by the family of Martinas Gusiatinas, plans to invest around 100 mln euros into the Memelio Miestas (Memel City) project in the territory of Klaipeda's former ship repair company Laivite in central Klaipeda over the next ten years, informed LET/BNS.

29.07.2019

Construction on Kormotech pet food plant starting in Lithuania

Kormotech, a leading Ukrainian pet food manufacturer, is launching the construction of a new production facility in the central Lithuanian town of Kedainiai, informed LETA/BNS.

29.07.2019

Lithuania's Klaipedos Nafta bids to operate LNG terminal in Cyprus

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipeda Oil) is partnering with other international companies and will take part in a 500 mln euro tender for the design, construction and operation of the Cyprus LNG import terminal, reporterd LETA/BNS.

19.07.2019

Lithuania's M.M.M. Projektai plans EUR 200 mln investment in Riga - media

M.M.M. Projektai, a real estate company owned by Lithuanian businessman Nerijus Numavicius, plans to invest 200 million euros in Riga over the next few years, according to the vz.lt news website informed LETA/BNS.

17.07.2019

EU FDI flows in 2018

The 2018 preliminary results indicate a general disengagement of direct investment capital circulating between the European Union (EU) and the rest of the world. Foreign Direct Investment (FDI) net outflows from the European Union towards extra-EU were negative at - 60 bn EUR, strongly contrasting with the amount invested in 2017 (EUR 301 bn).

15.07.2019

Estonia's LeapIN raises EUR 6.8 mln, rebrands as Xolo

LeapIN, the startup founded to service Estonian e-residents, has raised six million euros from investors, is to launch a new service that enables starting micro-businesses without registering a company, and has rebranded itself as Xolo,

11.07.2019

First Hilton hotel in Latvia to open in Riga Old Town in fall

Apex Alliance Hotel Management plans to open the first Hilton hotel in Latvia at 25 Grecinieku Street in Riga this fall, the company’s representatives informed LETA.

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