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Thursday, 20.06.2013, 03:45
Legal protection for Latvian companies abroad has been one of the Foreign Ministry's greatest challenges lately and the ministry intends to pay additional attention to the matter in the future, Foreign Minister Edgars Rinkevics (Reform Party) pointed out during the 2013 Export Forum organized by the Investment and Development Agency of Latvia today, informs LETA/Nozare.lv.
Keyword tags: Baltic Export, Forum, Investments, Latvia, Markets and Companies
While in March, Nordea bank forecast that Estonia's economic growth in 2013 would be 3.2%, now the bank forecasts 2.3% GDP growth for Estonia, LETA/Public Broadcasting reports.
In April 2013, negative flow of the net portfolio investment in Lithuania totaled 631.1 million litas, in January-April it was 1.9 billion litas, the Bank of Lithuania said in a statement. In April, the flow was equally influenced both by a rise in foreign assets and a fall in liabilities, writes LETA.
Polish oil company which owns Lithuania-based oil enterprise ORLEN Lietuva – Polski Koncern Naftowy ORLEN Spolka Akcyjna (PKN ORLEN) informed about the results of series B bonds offer, issued within the public bond issue program, included in the prospectus approved by the Polish Financial Supervision Authority on May 24, 2013, the company PKN ORLEN said in a statement.
In April 2013, the net positive foreign direct investment (FDI) flow in Lithuania amounted to 215.8 million litas, in January – April – 1.7 billion litas, the Bank of Lithuania said in a statement. In April 2012, an outflow of net FDI (LTL 547 million) was recorded, whereas in January – April the inflows amounted to LTL 216.5 million, writes LETA.
For the fourth consecutive month in Lithuania, the current account balance (CAB) of the balance of payments recorded a deficit, which in April widened by more than a third month on month, the Statistics Department of the Bank of Lithuania said in a statement, writes LETA.
The EU is expected to reach soon free trade agreements with Japan and Canada. Together with the initiated round of talks between EU and US, these agreements would form a stable international background for progressive trade cooperation in the world. The Baltic States would certainly gain a lot after the agreements are reached.
In an interview on this morning's edition of the Latvijas Neatkariga televizija (LNT) news program "900 Seconds", Transport Minister Anrijs Matiss said that discussions are currently taking place with at least two potential investors for the Latvian airline airBaltic, writes LETA/Nozare.lv.
The Estonian finance ministry is compiling a law amendment that eases restrictions on investing the money of obligatory pension funds, LETA/Postimees writes.
Estonian state-owned energy giant Eesti Energia will open on Tuesday the new mixed municipal waste-operated electricity and heating energy block of its Iru power station near Tallinn, LETA/Public Broadcasting reports.
The European Commission is contributing €77 million from its research funds to a new innovation initiative for the manufacturing business sector. The investments are designed to help high-tech small and medium size enterprises (SMEs) exploit the potential of ICTs to help grow their businesses. There is a big chance for the Baltic companies to join the investment initiative.
Liepajas metalurgs creditors have received at least three offers from the company's potential investors, Economy Minister Daniels Pavluts pointed out in a morning interview with the LNT television channel, writes LETA.
On mAy 29th, workers began construction at the “Quadrum” business center site at Konstitucijos pr. 21 in Vilnius. The nationally unprecedented multi-functional business site, which has attracted 260 mil. Lt. in investments to Vilnius, will create roughly 4,000 jobs and will feature 700 parking spaces, reported BC Vilnius municipality.
Factory of plastic recycling, ensuring high quality polymer pellet production offered for sale in Latvia.
The doubts of sceptics on the ambitious plan to reform Lithuanian tax system from the bottom up were confirmed. "Considering the proposals on changes in tax, I tend to agree with those who said that is to better to do nothing at all than do like this", said Senior Analyst at Danske Bank Violeta Klyviene, informs LETA/ELTA.