Investments

International Internet Magazine. Baltic States news & analytics Thursday, 18.10.2018, 21:24

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Bite Latvija has invested EUR 9 mln in upgrade of infrastructure, services

Bite Latvija has invested EUR 9 mln in upgrade of infrastructure, services

17.10.2018

In the first nine months of this year Bite Latvija mobile operator has invested about EUR 9 mln in development of infrastructure and improvement of services, said Bite Latvija head Kaspars Buls.

Keyword tags: Good for Business, Investments, Latvia, Technology, Telecomunications



EfTEN Capital launched its fourth real estate fund with a first closing of 95 mln euros

EfTEN Capital launched its fourth real estate fund with a first closing of 95 mln euros

16.10.2018

EfTEN Capital, the leading real estate asset manager in the Baltics, has an addition to its fund family by launching its fourth fund „Usaldusfond EfTEN Real Estate Fund 4“ which will focus on Baltic commercial real estate investments. The first closing was completed by Baltic institutional investors and EfTEN Capital partners at 95 mln euros of committed capital.

Tallinn transport company TLT to acquire 100 new gas buses with 25 mln euros

Tallinn transport company TLT to acquire 100 new gas buses with 25 mln euros

15.10.2018

The supervisory board of the Tallinn public transport company Tallinna Linnatranspordi AS (TLT) has approved the company's investment plan for 2019, according to which TLT next year will purchase 100 new environmentally friendly gas buses and the estimated cost of the procurement is to be 25 mln euros, informs LETA/BNS.


Baltics apply for EU funding for power grid synchronization

Baltics apply for EU funding for power grid synchronization

11.10.2018

The Baltic power transmission system operators on Wednesday submitted an application to the European Commission for EU funding for the first stage of the synchronization of the Baltic power grids with the continental European system, reported LETA/BNS.

Conexus plans to invest EUR 80 mln in development of Incukalns storage facility in seven years

Conexus plans to invest EUR 80 mln in development of Incukalns storage facility in seven years

11.10.2018

Latvia’s Conexus Baltic Grid (Conexus) natural gas and storage operator plans to invest EUR 80 mln in development of Incukalns underground natural gas storage facility in the coming seven years, the company’s board chairwoman Zane Kotane said in an interview with commercial LNT television today, referred LETA.


10.10.2018

Eesti Gaas to set up 4 MW of solar capacity in Parnu County

Eesti Gaas, an Estonian gas and electricity trading company belonging to investment firm Infortar, is about to install four megawatt-hours of solar generating capacity in Parnu county in collaboration with the company Paikre OU for an investment of 3 mln euros, informs LETA/BNS.

10.10.2018

Est-For seeking extra time to decide about pulp mill project

Est-For Invest, whose plan to set up a one bln euro pulp mill in the region of the southern city of Tartu failed due to public opposition, has sought more time to come up with its arguments against the termination of the national designated spatial plan as it is in negotiations with several municipalities on an alternative location for the plant, informs LETA/BNS.

10.10.2018

Estonian developer of sales software Pipedrive raises further 10 mln dollars

Tallinn-based customer relationship management (CRM) scale-up Pipedrive has landed an additional 10 mln U.S. dollars in funding from a new investor, Deutsche Telekom Capital Partners (DTCP), to help strengthen its positions on the German market, informs LETA/BNS.

10.10.2018

Enefit Green to establish solar power plants in total capacity of 7 MW

Eesti Energia’s renewable energy company Enefit Green will build 7 MW of solar power plants within this year across Estonia. This year, Enefit Green invests a total of 5 mln euros in the development of solar energy.

09.10.2018

Estonian parliament handling bill making it easier for foreigners to establish businesses in Estonia

The Estonian parliament started handling amendments to the Commercial Code, Non-Profit Associations Act and State Fees Act, which would enable to use an account located in any European Economic Area state for establishing a private limited company in Estonia, informs LETA/BNS.

09.10.2018

Some Lithuanian infrastructure projects may be interesting to Japanese businesses

The head of the Lithuania-Japan Business Association says some infrastructure projects in Lithuania could be interesting to Japanese businesses, informs LETA/BNS.

08.10.2018

Lithuania wants to attract major data centers to Kruonis industrial park

As Lithuania wants to attract major data centers, the country plans to assess possibilities until next spring as to whether the Kruonis PSP Industrial Park is suitable for that, informed LETA/BNS.

04.10.2018

Lithuania's Amber Grid to continue modernization of gas mains, to invest 16 mln euros

Lithuania's gas transmission system operator Amber Grid is starting the second phase of its modernization of gas mains, after which the company will be able to check the safety of four fifths of gas pipelines from the inside, informs LETA/BNS.

04.10.2018

Business investment rate stable at 23% in the euro area; business profit share down to 40.6%

In the second quarter of 2018, the business investment rate was 23.0% in the euro area, stable compared with the previous quarter. These data come from a first release of seasonally adjusted quarterly European sector accounts from Eurostat, the statistical office of the European Union, and the European Central Bank (ECB).

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