Investments

International Internet Magazine. Baltic States news & analytics Wednesday, 30.07.2014, 12:05

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"Valmieras stikla skiedra"  investing USD 20 million in U.S.-based plant

"Valmieras stikla skiedra" investing USD 20 million in U.S.-based plant

30.07.2014

Nathan Deal, the Governor of the U.S. State of Georgia, announced today that the Latvian joint-stock fiberglass company "Valmieras stikla skiedra" had chosen Dublin, a town in Laurens County, as the base for its production facility in the United State. The facility will create 150 new jobs and around USD 20 million will be invested in its development over the next five years, informs NOZARE.LV/LETA reffering to "Valmieras stikla skiedra".

Keyword tags: Financial Services, Good for Business, Investments, Latvia



Estonia gains a position in the global top list of innovative states

Estonia gains a position in the global top list of innovative states

21.07.2014

Estonia was on the 24th place in the world in the year 2014 global innovation index, one place higher than last year,Latvia ranks 34th, Lithuania 39th, reports ELTA/LETA.

Lithuanian ambassador to Ukraine awarded for fostering business relations

Lithuanian ambassador to Ukraine awarded for fostering business relations

18.07.2014

Lithuanian Ambassador to Ukraine Petras Vaitiekunas was awarded by Lithuanian Business Confederation award The Business Ambassador for his contribution representing Lithuania's business and political interests in Ukraine and for active efforts in developing democracy in Ukraine, reports LETA/ELTA.


Väärtpaberikeskus will continue as Estonian Central Register of Securities operator

Väärtpaberikeskus will continue as Estonian Central Register of Securities operator

17.07.2014

The Estonian government appointed at its Thursday session AS Eesti Väärtpaberikeskus (AS Estonian CSD) as the operator of the Estonian Central Register of Securities; the company is a subsidiary of the Tallinn Stock Exchange and the operator of the Estonian Central Register of Securities today too, Äripäev.ee/LETA reports.

EU position of the situation in Ukraine gets tougher

EU position of the situation in Ukraine gets tougher

17.07.2014

President of Lithuania Dalia Grybauskaite is in Brussels for a special meeting of the European Council where EU leaders addressed the situation in Ukraine and in the Middles East, reports BC presidential press service.

16.07.2014

Estonian LHV earns a strong profit in H1

The Estonian financial concern LHV Group earned 3.3 million euros of net profit in the first half of the year 2014, Äripäev.ee/LETA reports.

16.07.2014

SEB to invest EUR 16.26 mln pension fund assets in Baltic economies

SEB pension fund asset management companies in Latvia, Lithuania and Estonia have teamed up with the leading private equity firm in Baltics BaltCap to invest EUR 16.26 million of pension fund assets in developing Baltic companies through BaltCap Private Equity Fund II (BPEF II), informed BC head of corporate communication at SEB Martins Panke.

16.07.2014

Swedish investor buys a stake in Estonian Südameapteek

A transaction was concluded on Tuesday, according to which Swedish investor Oskar Svensson acquired a 70% stake in Estonia's third-largest pharmacy chain – Südameapteek, LETA/Postimees Online reports.

15.07.2014

Mayor: 5-6 investors showing serious interest in Liepajas metalurgs

In an interview on Rietumu radio today, Liepaja Mayor Uldis Sesks said that active talks are currently taking place with potential buyers for the financially troubled metallurgical company Liepajas metalurgs, and that ''five, six investors are showing serious interest'', writes LETA.

15.07.2014

Despite investments textile production in Estonia decreased in 2013

The Estonian textiles industry invested significantly in machinery and equipment and purchased real estate in 2013, which resulted in an increase of the investments volume by a fourth in 2013, LETA/Postimees Online reports. However, the textile industry production volumes were down nearly 7% at constant prices last year.

14.07.2014

President Berzins calls for expansion of Latvian-Japanese cooperation

Cooperation between Latvia and Japan needs to be expanded, Latvian President Andris Berzins said during a meeting with the EU-Japan Fest Japan Committee's Chairman and Chairman of Sumitomo Mitsui Financial Group, Masayuki Oku, informs LETA.

11.07.2014

Latvian hockey star Redlihs invests in his own brewery EUR 300,000

KHL star and Latvian national team member Mikelis Redlihs has started producing beer under his own brand called Mikela Alus, investing EUR 300,000, informs Marta Bormane, the spokeswomen of the new brewery Mikela alus daritava Ltd, cites LETA/Nozare.lv.

11.07.2014

Achema invested more than LTL 350 million in modernisation of KLASCO Achema invested more than LTL 350 million in modernisation of KLASCO

After two years of construction work and having invested more than LTL 70 million, Klaipeda Stevedoring Company (KLASCO) has opened a new terminal. Prime Minister Algirdas Butkevicius attended the opening ceremony, informed LETA/ELTA, referring to Klaipeda daily.

11.07.2014

Austrian businessmen visited the Riga Port

On July 1, 2014, in the framework of the state visit of the President of Austria to Latvia, a delegation of Austrian businessmen visited the Freeport of Riga Authority, reports BC port’s press service.

11.07.2014

Latvian Government Treasury short term debt securities of EUR 3 mln sold in auction

Latvian Government Treasury long short debt securities in the amount of EUR 3 million, were sold in an auction today, the State Treasury indicates, cites LETA.

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