International Internet Magazine. Baltic States news & analytics
Thursday, 24.07.2014, 01:24
Estonia was on the 24th place in the world in the year 2014 global innovation index, one place higher than last year,Latvia ranks 34th, Lithuania 39th, reports ELTA/LETA.
Keyword tags: Analytics, Estonia, EU – Baltic States, Investments
Lithuanian Ambassador to Ukraine Petras Vaitiekunas was awarded by Lithuanian Business Confederation award The Business Ambassador for his contribution representing Lithuania's business and political interests in Ukraine and for active efforts in developing democracy in Ukraine, reports LETA/ELTA.
The Estonian government appointed at its Thursday session AS Eesti Väärtpaberikeskus (AS Estonian CSD) as the operator of the Estonian Central Register of Securities; the company is a subsidiary of the Tallinn Stock Exchange and the operator of the Estonian Central Register of Securities today too, Äripäev.ee/LETA reports.
President of Lithuania Dalia Grybauskaite is in Brussels for a special meeting of the European Council where EU leaders addressed the situation in Ukraine and in the Middles East, reports BC presidential press service.
The Estonian financial concern LHV Group earned 3.3 million euros of net profit in the first half of the year 2014, Äripäev.ee/LETA reports.
SEB pension fund asset management companies in Latvia, Lithuania and Estonia have teamed up with the leading private equity firm in Baltics BaltCap to invest EUR 16.26 million of pension fund assets in developing Baltic companies through BaltCap Private Equity Fund II (BPEF II), informed BC head of corporate communication at SEB Martins Panke.
A transaction was concluded on Tuesday, according to which Swedish investor Oskar Svensson acquired a 70% stake in Estonia's third-largest pharmacy chain – Südameapteek, LETA/Postimees Online reports.
In an interview on Rietumu radio today, Liepaja Mayor Uldis Sesks said that active talks are currently taking place with potential buyers for the financially troubled metallurgical company Liepajas metalurgs, and that ''five, six investors are showing serious interest'', writes LETA.
The Estonian textiles industry invested significantly in machinery and equipment and purchased real estate in 2013, which resulted in an increase of the investments volume by a fourth in 2013, LETA/Postimees Online reports. However, the textile industry production volumes were down nearly 7% at constant prices last year.
Cooperation between Latvia and Japan needs to be expanded, Latvian President Andris Berzins said during a meeting with the EU-Japan Fest Japan Committee's Chairman and Chairman of Sumitomo Mitsui Financial Group, Masayuki Oku, informs LETA.
KHL star and Latvian national team member Mikelis Redlihs has started producing beer under his own brand called Mikela Alus, investing EUR 300,000, informs Marta Bormane, the spokeswomen of the new brewery Mikela alus daritava Ltd, cites LETA/Nozare.lv.
Achema invested more than LTL 350 million in modernisation of KLASCO Achema invested more than LTL 350 million in modernisation of KLASCO
After two years of construction work and having invested more than LTL 70 million, Klaipeda Stevedoring Company (KLASCO) has opened a new terminal. Prime Minister Algirdas Butkevicius attended the opening ceremony, informed LETA/ELTA, referring to Klaipeda daily.
On July 1, 2014, in the framework of the state visit of the President of Austria to Latvia, a delegation of Austrian businessmen visited the Freeport of Riga Authority, reports BC port’s press service.
Latvian Government Treasury long short debt securities in the amount of EUR 3 million, were sold in an auction today, the State Treasury indicates, cites LETA.
Sweets manufacturer JSC Laima has finished renovating the production facilities of its chocolate factory, thus enhancing energy efficiency and investing into environment protection, Rita Voronkova, the representative of Laima, informed the business web site Nozare.lv, cites LETA.