Investments

International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 07:23

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Tallinn to support digital initiatives for small businesses

Tallinn to support digital initiatives for small businesses

03.06.2020

The Tallinn city government at a sitting on Wednesday adopted a procedure for granting support for digital solutions aimed at small and micro enterprises with an annual revenue of 20,000 to 400,000 euros, informs LETA/BNS.

Keyword tags: Estonia, Good for Business, Investments, Markets and Companies, Technology



Mestilla invests 6M EUR in used cooking oil processing project in Klaipeda

Mestilla invests 6M EUR in used cooking oil processing project in Klaipeda

03.06.2020

Mestilla, a biodiesel manufacturer operating in the Klaipeda Free Economic Zone, plans to start making biofuel out of used cooking oil (UCO) collected in Lithuania, starting by the end of 2021. This is the company’s way to contribute towards a cleaner environment, circular economy, and the reduction of imported fossil fuel dependency. Around 6 mln EUR will be invested in the project.

Central European Tour Operator withdraws from Novaturas' shareholders

Central European Tour Operator withdraws from Novaturas' shareholders

03.06.2020

Central European Tour Operator, a Luxembourg-based company, has withdrawn from the shareholders of Novaturas, one of the largest tour operators in Lithuania, informs LETA/BNS.


European Investment Bank to lend Estonian Railways EUR 95 mln

European Investment Bank to lend Estonian Railways EUR 95 mln

02.06.2020

The European Investment Bank (EIB) has signed a 95 million euro, 25-year tenor, loan agreement with the Estonian national railway company Estonian Railways, informs LETA/BNS.

Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis

Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis

01.06.2020

In the next couple of years EUR 2 billion will be made available for dealing with the Covid-19 crisis and fueling the economic recovery, Prime Minister of Latvia Krisjanis Karins (New Unity) told journalists following the weekly coalition meeting today., informs LETA.


01.06.2020

Latvian coalition agrees on EUR 32 mln allocation to culture

Coalition partners agreed today to allocate additional EUR 32 million to help Latvia's creative industries deal with the Covid-19 crisis, Culture Minister Nauris Puntulis (National Alliance) told journalists after the weekly coalition cooperation meeting, informs LETA.

27.05.2020

Tallinn Airport to extend airside area for EUR 24.8 mln

Tallinn Airport has concluded an agreement with the companies KMG Inseneriehituse AS and Verston Ehitus OU on construction works to be carried out as part of stage two of the works on the airside area of the airport, cites LETA/BNS.

27.05.2020

Lithuanian government broadly agrees on guidelines for 5G development

The Lithuanian government on May 27th broadly agreed on guidelines for 5G development until 2025 in a bid to speed up economic growth, enhance the country’s competitiveness, promote job creation as well as the development of innovation and information society, informs LETA/BNS.

27.05.2020

Lietuvos Rytas posts loss of EUR 13.8 mln after selling TV channel

Lietuvos Rytas, one of the largest media groups in Lithuania, earned 266,700 euros in audited consolidated net profit in 2019, after suffering a net loss of 1.645 million euros in 2018, reports LETA/BNS.

27.05.2020

Tallinn endorses 2019 financial report

The Tallinn city government on May 27th approved the city's consolidated financial report for 2019, informs LETA/BNS.

26.05.2020

Very small enterprises get EUR 53 mln in state assistance in Lithuania

Very small Lithuanian enterprises with up to nine employees have been paid out over 53 million euros in state assistance, half of the planned amount, the country's Economy and Innovation Ministry says, cites LETA/BNS.

26.05.2020

Estonia to issue 10-year bonds worth EUR 1 bln

The Estonian government is about to kick off an international offering of bonds worth at least one billion euros and with a maturity of 10 years, informs LETA/BNS.

26.05.2020

Tallinna Sadam signs EUR 20 mln unsecured loan agreement with SEB

Listed Estonian port company AS Tallinna Sadam has signed an unsecured loan agreement with AS SEB Pank for a total amount of up to 20 million euros with a maturity of five years, informs LETA/BNS.

26.05.2020

The ministry plans to fuel Latvia's economics with EUR 2.2 bln

A strategy worked out by the Economics Ministry for dealing with the aftermath of the Covid-19 crisis proposes providing EUR 2.2 billion worth of public and private investments to various infrastructure projects a year until 2023.

26.05.2020

Printful from Latvia to invest EUR 1.8 mln in Canada workshop

Latvia's Printful print-on-demand company will invest EUR 1.8 million in a new Canada-based printing operation, the company's representatives told LETA.

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