International Internet Magazine. Baltic States news & analytics
Wednesday, 26.04.2017, 01:26
Invitation to companies to bid for the provision of consultancy services for Hong Kong Economic and Trade Office in London19.05.2017
Keyword tags: Investments, Markets and Companies
The Rail Baltica Global Cost-Benefit Analysis (CBA) presented on April 24 during Rail Baltica Global Forum 2017 confirms that the Rail Baltica project is financially and economically viable. The new study reaffirms the project’s economic feasibility and highly beneficial nature, providing the necessary updated parameters for the project’s continued EU and national co-financing, Rail Baltica Global Forum representatives informed BC.
On the 20th of April the Ministry of Health of The Republic of Lithuania signed a 25 year PPP concession contract to design, build and manage the parking infrastructure at Santariskes medical campus in Vilnius. Latuna, a subsidiary of the Lithuanian parking services and management company Unipark, was selected as the preferred bidder for the €14 mln parking infrastructure project, the Invest Lithuania informed BC.
Northern Horizon Capital AS (the Management Company) announces the plan for next public offering of new units of Baltic Horizon Fund (the Fund) in May 2017, the Fund representatives informed BC.
New office buildings and conference center in Skanste to contribute greatly to economic development of Riga19.04.2017
The most modern office buildings in Riga will be built in Skanste neighborhood in the coming years, which will further contribute to the development of the neighborhood as well as the economic development of Riga and the entire country, according to the conclusions of a conference organized by the Riga City Council and Skanste Development Agency today.
Hollister Incorporated, a US-based global manufacturer of medical devices and equipment, intends to open a new production site in Kaunas, Lithuania, reported Invest Lithuania.
Ulemiste Keskus, a large shopping center situated in the area of Tallinn Airport, has decided to build an extension of 13,000 square meters by spring 2019, which will feature a cinema, gym, as well as a number of new restaurants and stores, and will cost a total of 35 mln euros, according the daily Postimees reports LETA/BNS.
Simplex, an Israeli financial technology (fintech) and cybersecurity start-up, has chosen Lithuania ahead of the likes of Luxembourg, Cyprus and the UK as the location for its new global supervision and sales team, Invest Lithuania representative told BC.
Latvia’s largest egg producer Balticovo will invest about EUR 3 million in a new grain processing and storing complex in Bene, southern Latvia, the company reported LETA.
The Latvian airline airBaltic has been notified by the Danish investor Lars Thuesen that formalities have been completed to acquire 20% stake in Latvian national airline airBaltic that was held by German investor Ralf-Dieter Montag-Girmes, the airBaltic representatives informed BC.
The state owned stevedore B.L.B.Baltijas Terminals plans to renovate oil product reloading and storage terminal, said Riga Freeport Administration’s representative Vita Gerharde.
Construction of a multifunctional shopping center Akropole has been started in Riga, reports LETA.
Latvia’s Ecolines bus operator is upgrading its bus park and has purchased ten new buses using a loan from Swedbank. The company has invested EUR 4 mln in the project, writes LETA.
Putnu Fabrika Kekava (Kekava), Latvia’s largest poultry meat producer, plans to invest around EUR 6-7 mln in development next fiscal year, which will last from July 1, 2017 to June 30, 2018, the company’s CEO Andrius Pranckevicius told LETA