Investments

International Internet Magazine. Baltic States news & analytics Wednesday, 21.11.2018, 06:08

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Mintos P2P lending platform raises EUR 5 mln for development

Mintos P2P lending platform raises EUR 5 mln for development

14.11.2018

Latvia’s peer-to-peer (P2P) lending platform Mintos has raised EUR 5 million in funding to ensure its international growth and launch new financial services, Mintos CEO and co-founder Martins Sulte told BC.

Keyword tags: EU – Baltic States, Financial Services, Good for Business, Investments, Latvia



AGA invests 20 mln euros in industrial gas production plant in Lithuania

AGA invests 20 mln euros in industrial gas production plant in Lithuania

13.11.2018

The industrial and medical gas company AGA in the Baltics invests 20 mln euros in a new production plant in the Kėdainiai free economic zone, Lithuania. The Air Separation Unit will produce oxygen and nitrogen for the Baltic market, informed the company’s representatives.

Tallinn eyeing 76 mln euros joint building for city authorities

Tallinn eyeing 76 mln euros joint building for city authorities

13.11.2018

The City of Tallinn has set its sights on selling all its current office buildings and having a brand new complex built for 800 jobs of the city in the area of the Linnahall arena and the passenger port for 76 mln euros, informs LETA/BNS/Postimees.


Lithuania's Maxima to open up to 140 news shops next year

Lithuania's Maxima to open up to 140 news shops next year

13.11.2018

Maxima Grupe (Maxima Group), the largest retail group in the Baltic states, plans to open 120-140 new shops next year, with the majority of them set to be opened in Poland, informs LETA/BNS.

16.4 mln euros necessary for construction of multimodal transport hub in Tornakalns

16.4 mln euros necessary for construction of multimodal transport hub in Tornakalns

12.11.2018

16.4 mln euros are necessary for construction of the multimodal public transport hub in Tornakalns suburb in Riga, informs LETA.


09.11.2018

Estonia: T1 Mall of Tallinn cost 10% more than planned

The brand new T1 Mall of Tallinn shopping and entertainment center that will partially open in Tallinn Friday cost approximately 80 mln euros to build, around 10% more than planned, the developer says LETA/BNS.

08.11.2018

Estonia: Redgate Capital partners up with Newsec, adopts Newsec brand

The Baltic investment banking company Redgate Capital and the international real estate consulting company Newsec have signed a partnership agreement to jointly offer real estate services to clients in Estonia, Latvia and Lithuania under the Newsec brand, informed LETA/BNS.

08.11.2018

Swedbank: Investments by Estonian businesses to start growing again

Even though investments by Estonian businesses are decreasing this year, they are set to start growing again next year as companies will be investing more than before in increasing efficiency, Tonu Mertsina, chief economist of Swedbank Estonia, said LETA/BNS.

07.11.2018

Ventspils named Latvia's investment-friendliest city

The northwestern Latvian port city of Ventspils has been named Latvia’s investment-friendliest city, with Valmiera in northern Latvia taking second place and the southwestern port city Liepaja placing third, according to the index of invest-friendliest local governments released by the Business Union of Latvia, informs LETA.

07.11.2018

European investors look for a mix of healthy occupier markets and new asset classes as the sector edges towards end of the cycle

The hunt for secure long-term income is driving European real estate investment as the industry hedges against potential interest rate rises and an uncertain geopolitical backdrop, according to Emerging Trends in Real Estate® Europe 2019.

06.11.2018

Estonian MyFitness opens first studio in Lithuania for 1.3 mln euros

The Estonian chain of fitness studios MyFitness opened its first studio in Lithuania, having invested 1.3 mln euros into the venue, informs LETA/BNS.

06.11.2018

Kaunas Airport plans new infrastructure for aircraft repair operations

Kaunas Airport plans to set up new infrastructure for aircraft maintenance, repair and overhaul (MRO) operations, with the expansion project expected to help attract tens of mlns of euros in business investments, informs LETA/BNS/Verslo Zinios.

06.11.2018

Investment management funds of Estonia’s Swedbank acquire 5.24% stake in HansaMatrix

Two investment management funds of Estonia’s Swedbank have acquired a 5.24% stake in Latvia’s high-tech company HansaMatrix, informs LETA referring to the company’s statement to the Nasdaq Riga stock exchange.

05.11.2018

Lithuania should use InvestEU opportunities

As the European Commission proposes cutting cohesion support to Lithuania by almost a quarter as of 2020, InvestEU, a fund being set up by the EU, might become a financial alternative after it will replace the European Fund for Strategic Investment (EFSI), also called the Juncker Plan, which has operated since 2015, informed LETA/BNS.

01.11.2018

Tallinna Sadam, Alexela deliberating establishing LNG terminal in Paldiski

The listed Estonian port company Tallinna Sadam and Alexela Invest signed a memorandum of understanding for finding the best solutions for the development and implementation of a liquefied natural gas (LNG) terminal in Paldiski and the parties are aiming to reach a contract by the end of 2020, informs LETA/BNS.

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