Investments

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:16

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EU Commission approves Latvia's support mechanism for hotels

EU Commission approves Latvia's support mechanism for hotels

03.12.2020

The European Commission has approved Latvia's support mechanism intended to help crisis-stricken hotels cover their operating costs in the current times of crisis, writes LETA, according to the Economics Ministry's statement published in the official gazette Latvijas Vestnesis.

Keyword tags: Covid-19, EU – Baltic States, Investments, Latvia, Legislation, Tourism



Estonian tech startup Salv raises EUR 1.5 mln

Estonian tech startup Salv raises EUR 1.5 mln

03.12.2020

Estonian startup Salv has announced closing a funding round of 1.5 mln euros to expand its anti-money laundering pilot to other European Union countries.

Tallinn to contribute EUR 85,000 towards OECD program on circular economy

Tallinn to contribute EUR 85,000 towards OECD program on circular economy

03.12.2020

The city of Tallinn is set to contribute 85,000 euros towards the program of the Organization for Economic Cooperation and Development (OECD) titled "Program on the Circular Economy in Cities and Regions", informs LETA/BNS.


Augstpriegumu Tikls purchases shares in Conexus from Gazprom for EUR 77 mln

Augstpriegumu Tikls purchases shares in Conexus from Gazprom for EUR 77 mln

03.12.2020

The purchase price of Gazprom's stake in Latvian natural gas transmission and storage operator Conexus Baltic Grid (Conexus) by the state-owned transmission system operator Augstsprieguma Tikls was EUR 77 million, writes LETA, according to information published by Augstsprieguma Tikls.

Estonia's Summus Capital, Ivar Vendelin buy Riga Plaza

Estonia's Summus Capital, Ivar Vendelin buy Riga Plaza

02.12.2020

Estonian company Summus Capital and investor Ivar Vendelin have become the new owners of the Riga Plaza shopping and entertainment center, representatives of the transaction's consultant Zenith Family Office informed LETA.


02.12.2020

SEB: most listed companies in Baltics in no hurry to hedge financial risks

An analysis of the risk mitigation practices related to the financial markets of listed Baltic companies by SEB revealed that only a few companies on the Baltic Main List pay attention to reducing the risks arising from changes in exchange rates, interest rates and commodity prices, cites LETA/BNS.

01.12.2020

Mayor of Riga presents an Ambitious Agenda and Plans for the City

The Mayor of Riga Mārtiņš Staķis who was elected earlier this year during Extraordinary Elections of the Council of Riga on the platform to change the corporate governance culture in Riga and reshape Riga into orderly, open, green and people-friendly metropolis of Northern Europe, last week spoke to the Norwegian investor community in Latvia and presented his personal priorities and the plans of the newly-established “Riga Change Coalition”.

01.12.2020

Volkswagen investing hundreds of millions in its Estonian subsidiary

In spring, international car manufacturer Volkswagen established a subsidiary in Estonia, Car.Software Estonia AS, the revenue of which according to the Tax and Customs Board was 237 million euros in the third quarter, this is likely to be an intra-group transfer of assets, the "Aktuaalne kaamera" news program of public ETV television reported, cited LETA/BNS.

30.11.2020

Swisscom opens DevOps Center in Latvia

Developing and operating software for the number 1 Swiss telecommunications provider and one of the leading IT companies in the Swiss market from Latvia: Swisscom locates its second European DevOps Center in Riga. The investment project has been implemented in close cooperation with the Investment and Development Agency of Latvia.

26.11.2020

Russian drone manufacturer Fixar gets Latvian start-up visa

Russian drone developer Fixar has obtained Latvian start-up visa, selecting Latvia as a starting point for the company's development in international market, LETA learned from the company representatives.

26.11.2020

YIT to develop REHAU’s production facility at Klaipeda FEZ

YIT Lietuva was selected as an investor and construction partner for the microduct systems production unit by the German polymer company REHAU in Klaipeda Free Economic Zone (FEZ). The construction permit for the plant was obtained at the end of October. Consequently, REHAU will start to operate in the facility from January 2022.

26.11.2020

Mainor, Nordecon sign contract on EUR 30 mln commercial building at Ulemiste

Opiku Majad OU, a subsidiary of Mainor Ulemiste AS, has entered into a contract with listed builder AS Nordecon for the construction of a 30-million-euro office building in Ulemiste City, informs LETA/BNS.

25.11.2020

BaltCap to finance street lighting project in Poland

olish company IZIM, a portfolio company of BaltCap, the largest private equity fund manager in the Baltic states, will fund a street lighting project in Poland, worth 2.6 million euros, informs LETA/BNS.

25.11.2020

Kahoot buying start-up founded in Estonia for up to USD 50 mln

The Norway-based global developer of learning platforms Kahoot on Wednesday announced the acquisition of Drops, a start-up founded in Estonia that is one of the fastest growing language platforms in the world, informs LETA/BNS.

24.11.2020

Nordex Energy bags contract for Ignitis wind farm in western Lithuania

Germany's Nordex Energy SE & Co. KG has won a contract to build Ignitis Grupe's wind farm in Lithuania's northwestern district of Mazeikiai and maintain it for 15 years, reports LETA/BNS.

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