International Internet Magazine. Baltic States news & analytics
Monday, 06.07.2015, 14:35
On NASDAQ OMX Vilnius stock exchange listed real estate investment company INVL Baltic Real Estate completed acquisition process and increased share in nearby Riga located logistics complex Dommo from 50 to 100% for EUR 3.1 million, the company said in a statement, cites LETA/ELTA.
Keyword tags: Investments, Latvia, Lithuania, Logistics, Real Estate, Transport
Cargo turnover at Riga Port increased 2% in the first half of the year 2015, according to Riga Vice Mayor Andris Ameriks in an interview with LTV this morning, cites LETA.
Litgrid, the Lithuanian electricity transmission system operator, has prepared and submitted to the National Control Commission for Prices and Energy Ten-Year Network Development Plan for 2015 – 2024, informs LETA/ELTA.
Minister of Foreign Affairs of Lithuania Linas Linkevicius underlined the importance of a focused and active diplomatic service during the Convention of Lithuanian Ambassadors, which began on 1 July 2015, reports BC the Ministry of Foreign Affairs.
Lattelecom invested EUR 104 mln in its fiber-optic and copper cable Internet network the past 10 years02.07.2015
During the past 10 years, Latvian telecommunications company Lattelecom has invested EUR 104 million in constructing/setting-up its fiber-optic and copper cable Internet network in Latvia, the company's chairman Juris Gulbis informed LETA.
Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.
The world's leading glass packaging manufacturer, U.S. concern Owens Illinois opened on June 30th 2015 an extension of its glass packaging factory in Järvakandi, central Estonia, which among other things enables now to recycle sheet glass in Estonia, LETA/Public Broadcasting reports.
Following investor feedback, the authorities responsible for the Marvele Inland Cargo Port Public Private Partnership (PPP) in Lithuania have announced that they will be adding more guarantees to private investors in the project, reported BC chief project manager for PPP Irmantas Butkauskas.
The Commission is further delivering on the initial top priority of creating jobs and boosting growth in EU; this time it unveils about €13.1 billion investment into 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of €28.8 billion. In the Baltic States Rail Baltica project is eligible for the funding.
After several months of information gathering and research, Vilnius Municipality has approved the Vilnius Multifunctional Hub Public Private Partnership (PPP) project, and is inviting potential private partners and other interested parties to attend a briefing and consultation, informed BC the chief project manager for PPP Irmantas Butkauskas.
The rating agency Standard & Poor's (S&P) lowered the credit rating of Estonia's state-owned energy company Eesti Energia from BBB to BBB + while the outlook remained stable, Eesti Energia announced, cites LETA.
Increasingly more foreigners want to stay and live in Latvia, reports LETA, according to a study on the profile of third-country citizens in Latvia.
Based on EY's European Attractiveness Survey, in 2014 the three Baltic States completed by 9% more investment projects and created by 31% more jobs than in 2013. Foreign direct investment in Europe resulted in 12% increase in new jobs, reports LETA/ELTA.
The new mandate agreement signed presently between the European Commission and the European Investment Fund (EIF) is aimed at promoting growth in the EU by assisting SMEs and micro-enterprises in access to finances. Over €500 million support will be made available under the European Program for Employment and Social Innovation (EaSI).
Due to Latvia's strong fiscal position, international ratings agency Standard&Poor’s has kept Latvia's rating at ''A-'' with a stable outlook in July 2015, reported BC the Latvian Institute.