International Internet Magazine. Baltic States news & analytics
Saturday, 31.01.2015, 07:29
In 2014, the majority of investments were registered in Riga, Jurmala, and Marupe Region; meanwhile, companies that made the largest investments were registered in Riga, Jelgava, and Liepaja, reports LETA, according to Lursoft.
Keyword tags: Analytics, EU – Baltic States, Good for Business, Investments, Latvia, Markets and Companies, Real Estate
On the 28 January 2015, in the European Parliament plenary session in Brussels, the Latvian Parliamentary State Secretary for EU Affairs Ms Zanda Kalniņa-Lukaševica informed the Members of the European Parliament about the Council’s position on the creation of the European Fund for Strategic Investment (EFSI) and shared its view on the roadmap towards a new international climate agreement in Paris on December 2015, reports BC Latvian MFA.
Mobile phone operator Latvijas Mobilais Telefons (LMT) concluded 2014 with turnover of EUR 161.3 million, which is 6% less than in 2013, when the company operated with turnover of EUR 172 million, LMT CEO Juris Binde told the press representatives today, cites LETA.
As of the end of 2014, the Estonian stabilisation reserve volume was 367.1 million EUR in acquisition value and 368.9 million EUR in market value, LETA/Public Broadcasting reports.
Anva Polytech, a rubber component producer from Sweden, is setting up a production facility in Lithuania, with the aim of creating 50 new jobs in the next 5 years. The factory, which will produce a variety of rubber components, will be established in Biržai, Panevėžys County, reports BC Invest Lithuania.
US investors are becoming increasingly interested in Latvian enterprises lately, especially IT companies, according to the international audit, tax, and business advisory company KPMG, reports LETA.
Equity of INVL Baltic Farmland, a company investing into agricultural land, was equal to EUR 9.9 million (LTL 34.3 million) or EUR 3.02 per share at the end of 2014, the company reported LETA/ELTA.
In 2014, foreign direct investment in Latvia reached EUR 7.259 billion, which is a 2.92% increase year-on-year, reports LETA, according to Lursoft.
A total of 70.4 million euros were invested in Estonian start-ups in 2014, which is 2.3 times more than in 2013, Äripäev.ee/LETA reports.
On Tuesday, January 27th, Prime Minister Algirdas Butkevicius, together with Georgian Prime Minister Irakli Garibashvili, participated in the Lithuanian-Georgian Business Forum, which focused on the promotion of investment, strengthening of bilateral partnership and search for new export markets. The Forum convened Lithuania’s largest food companies, reported BC press service of Lithuanian government.
According to evaluation of the stock exchange group NASDAQ OMX Riga, for the second year in a row, JSC Ventspils nafta (NASDAQ OMX RIGA: VNF1R) has been recognised as the company that implemented the best interactive investor relations in 2014 between the companies listed in the Baltic securities market. The stock exchange award was presented on Thursday, January 22, 2015, at the Baltic Market Awards ceremony, reports BC communications consultant at Ventspils nafta Elina Dobulane.
US risk investor Andreessen Horowitz together with companions invested 58 million dollars in the Estonian start-up company TransferWise, which is so far the largest amount of money invested in a startup of Estonian origin, LETA/Äripäev.ee reports.
Finnish burger chain Hesburger plans to open 20 new fast-food restaurants in Latvia in the next seven years, the director of the fast-food chain Kari Salmela told LETA.
As Social Democrat MP Birute Vesaite voiced her doubts whether the Government is not investing too much in the heating sector reforms in Vilnius and Kaunas, Lithuanian Prime Minister is confident about the benefits of these projects and says that Lithuania follows the proven methods from Western Europe, reports LETA/ELTA.
Nasdaq's Tallinn, Riga and Vilnius Stock Exchanges declared AS Tallinna Vesi as the company with the Best Investor Relations in the Baltic countries on Thursday, LETA/Postimees Online reports.