International Internet Magazine. Baltic States news & analytics
Friday, 29.04.2016, 15:03
Revenue of the state-owned Estonian energy group Eesti Energia amounted to 197 million euros in the first quarter of 2016, which marks a year-on-year drop of 10.4%, informs LETA/BNS.
Keyword tags: Energy, Estonia, Investments
A competitive bids multi-price auction on April 28th sold the whole supply of 21-day T-bills worth EUR 50 million, the Nasdaq Riga stock exchange reported, cites LETA.
The Estonian government on April 28th endorsed the budgetary strategy for the next four years, which envisages increased investment in research and infrastructure and minor tax changes, informs LETA/BNS.
The 50 million euro project to extract anhydrite in the Kaunas district in Lithuania has been stalled, the Lithuanian business daily Verslo Zinios said, cites LETA/BNS.
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.
Bosco Company invites to participate in the b2b Conference & Expo. WealthPro Latvia, Riga 2016 – 7-8th of June 2016, Hotel Radisson BLU.
The Commission presented a progress report of the first six months since the adoption of the Capital Markets Union Action Plan last September. The first CMU status report shows that the EU helped mobilise capital in Europe and channel it to companies, including SMEs, infrastructure projects while expanding growth and create jobs. The Commission also presented new European Financial Stability and Integration Review, EFSIR.
The Estonian Chamber of Commerce and Industry has put forward a measure to raise the share of investments that pension funds here must keep in Estonian instruments to 45% by 2020, informs LETA/BNS.
Lithuania's agricultural investment group Linas Agro Group is buying a fertilizer trade business in Latvia. Linas Agro Group intends to purchase Paleo for nearly 4.6 million euros and take over a fertilizer trade business and trademark from Latfert, with the 4.59 million euro deal to be closed in October of 2017, reports LETA/BNS.
The Estonian government is about to invest on the average 70 million euros in real estate per year to renovate and maintain existing real estate and build new structures, Prime Minister Taavi Roivas said after a Cabinet meeting where ministers heard about the possibilities to finance real estate projects in the current fiscal strategy period, informs LETA/BNS.
The value of investment deals in the segment of commercial real estate in the Lithuanian capital last year was still half of the value of Tallinn and 3-4 times less than the value in capitals of Central and Eastern European countries, Verslo Zinios business daily said, cites LETA/BNS.
The Latvian economy has already received EUR 46.3 million, or 89% of the funding provided under the Swiss-Latvian Cooperation Program, Maija Straupmane, a representative of the Latvian Finance Ministry, informed after the 8th annual meeting of the Swiss- Latvian Cooperation Program on April 21dt, cites LETA.
The Estonian startup Funderbeam on Thursday launched a platform for raising growth capital and aftermarket trading called Funderbeam Markets, with Huntloc, Paytailor, Shipitwise, SportID, and Sportlyzer as the first businesses raising capital there, informs LETA/BNS.
Lithuania's gas pipeline construction company MT Group and Germany's gas pipeline group PPS Pipeline Systems have won a contract worth 11.181 million euros in Lithuania, including VAT, to implement a gas pipeline control system that helps detect damages in pipelines, informs LETA/BNS.
A draft has exited the Ministry of Economic Affairs and Communications approving 43 million euros to be spent for the renovation of street lighting systems across Estonia, informs LETA/BNS.