Investments

International Internet Magazine. Baltic States news & analytics Friday, 23.02.2018, 22:16

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Continental chooses Kaunas FEZ to expand its production

Continental chooses Kaunas FEZ to expand its production

23.02.2018

A record year for Kaunas Free Economic Zone has been capped with an outstanding achievement - attracting the global automotive giant Continental to establish a new plant. It is the largest FDI project in Lithuanian history.

Keyword tags: EU – Baltic States, Good for Business, Investments, Lithuania, Transport



S&P Global affirms Latvia's credit rating at A-

S&P Global affirms Latvia's credit rating at A-

23.02.2018

International ratings agency S&P Global has affirmed Latvia’s credit rating at A-, leaving also the outlook on the rating positive, LETA was told at the Treasury.

Kaunas set to bring Samsung to projected innovations park

Kaunas set to bring Samsung to projected innovations park

23.02.2018

Kaunas intends to invest 5 million euros in the territory of a former aviation factory and build the Aleksoto Innovations Park, if approval is secured from the council of Lithuania's second city next week, with plans to bring the tech giant Samsung there, Kauno Diena daily said on February 23rd, cites LETA/BNS.


Estonian Cell planning EUR 17 mln investment

Estonian Cell planning EUR 17 mln investment

23.02.2018

Estonian Cell, the Austrian owned pulp mill located at Kunda in northern Estonia, in the event of the adoption of the law concerning an excise duty rate reduction for large consumers of electricity is planning to start a 17 million euro investment program, reports LETA/BNS.

Latvian PM discusses government’s achievements and plans for the future with the international business community

Latvian PM discusses government’s achievements and plans for the future with the international business community

23.02.2018

Yesterday, February 21, Prime Minister Māris Kučinskis addressed more than 200 foreign investors and representatives of international community in Latvia at Radisson Blu Latvia Conference & SPA. Prime Minister gave his view on the growth of Latvian economy, touched upon the recent reforms and expected impact as well as outlined the steps taken to attract more investment, reports BC press service of AmCham.


23.02.2018

Riga plans to allocate additional EUR 3.9 mln for development of Skanste territory

The Riga City Council financial and administration affairs committee today supported the proposal to increase financing allocated for development of Skanste territory by EUR 3.9 million, thus, the council’s confinancing in the project will reach EUR 4.87 million, LETA learned from the council.

22.02.2018

Baltic Ground Services to earmark EUR 18 mln for expansion abroad

Baltic Ground Services (BGS), which is part of the Lithuanian-owned, Warsaw-listed aviation business group Avia Solutions Group, plans to allocate 18 million euros for reinforcing its position in foreign markets, reports LETA/BNS.

22.02.2018

Baltic Oil Service completes expansion in former oil plant compound

Baltic Oil Service OU, which bought the biodiesel plant of the bankrupt company Biodiesel Paldiski, has completed expansion within the compound and doubled its tank capacity, reports LETA/BNS.

22.02.2018

Orkla to invest over EUR 1 mln in transportation, packaging equipment for Adazu Cipsi plant

Orkla Confectionery & Snacks Latvija, the producer of Laima, Selga, Staburadze and Adazu Cipsi brand products, will invest more than EUR 1 million in a potato chips transportation and packaging line, writes LETA, according to information available on the Public Procurement Monitoring Bureau’s website.

21.02.2018

EstBAN members invest EUR 11.3 mln in startups in 2017

Members of the Estonian Business Angels Network (EstBAN) invested 11.3 million euros in startups during 2017, and the investments made by EstBAN members outside Estonia have grown, informs LETA/BNS.

21.02.2018

Fitch affirms Lithuania's credit rating at A-

Fitch Ratings has affirmed Lithuania's long-term rating at A-, with a stable outlook. The rating has been unchanged since 2014, informs LETA/BNS.

21.02.2018

Adcash makes investment in payment technology provider Zlick

The global adtech company Adcash has announced an investment in the payment technology provider Zlick in Estonia, informs LETA/BNS.

20.02.2018

Hesburger to invest EUR 5.5 mln in expansion in Latvia in 2018

The Finnish-owned fast food chain Hesburger in 2018 plans to invest EUR 5.5 million in expansion of its business in Latvia, the company announced LETA.

20.02.2018

Lithuanian Investors' Association: delisting AviaAM Leasing blow on minority shareholders

The proposal from a company controlled by businessman Vladas Bagavicius to delist the Lithuanian aircraft leasing company AviaAM Leasing from the Warsaw Stock Exchange strongly devalues the stake of the minority shareholders, the Investors' Association says, cites LETA/BNS.

16.02.2018

Microsoft earmarks USD 50 mln for support to startups, Latvian companies may apply

Microsoft has opened a new program Microsoft For Startups, allocating USD 500 million for it, Microsoft Latvia spokeswoman Gunta Line told LETA.

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