International Internet Magazine. Baltic States news & analytics
Friday, 12.02.2016, 22:25
The Nordic investment fund East Capital Explorer is to end its investment contract with the Nordic investment company East Capital and will therefore become an independent investment company, informs LETA/BNS.
Keyword tags: EU – Baltic States, Financial Services, Investments
Nasdaq and the Republic of Estonia have announced that Estonia's e-residency platform will be facilitating a blockchain-based e-voting service to allow shareholders of companies listed on Nasdaq's Tallinn stock exchange, Estonia's only regulated securities market, to vote in shareholder meetings without being physically present, informs LETA/BNS.
Kodulahe OU, subsidiary of the listed Estonian real estate developer Arco Vara, has entered into a construction contract with Ramm Ehitus OU worth more than 10 million euros for the building of the first stage of an apartment building in a residential development project located in Tallinn's Haabersti borough, informs LETA/BNS.
The Latvian financial watchdog, the Financial and Capital Market Commission (FCMC), has given its permission to Amber Beverage Group, the largest shareholder in Latvijas balzams alcoholic beverage maker, to make a voluntary takeover bid for Latvijas balzams shares, reports LETA.
Livonia Partners, a pan-Baltic private equity firm, has acquired a majority holding in Ha Serv, Estonia’s timber industry company, for an undisclosed amount, informs LETA/BNS.
The event about investment opportunities in Latvia organized by the Latvian embassy in Germany on February 8, 2016 was attended by 50 German business people from different industries, the Latvian Foreign Ministry reported LETA.
Opportunities for cooperation in container shipping were discussed during the visit of a Chinese delegation to the Riga port, the port said LETA. The Chinese representatives also inquired about the project Krievu Sala area in Riga.
Estonia's Port of Tallinn is holding talks with several investors over building at the Paldiski South Port a refinery capable of processing 3-6 million tons of crude annually, informs LETA.
Lithuania this week will redeem a 1-billion-euro Eurobond issued ten to eleven years ago, informs LETA/BNS.
Riga International Airport has accomplished the EU Cohesion Fund co-financed project “Riga International Airport Infrastructure Development”, in the framework of which the last two years have seen significant infrastructure reconstruction works at the airport. The works have resulted in improved flight safety, better environmental conditions and increased aerodrome capacity.
Estonian startups' satisfaction with national government is almost three times higher than the global average, but a growing shortage of talent and capital are seen as the biggest drawbacks, it appears from an international startup ecosystem study, informs LETA/BNS.
Lithuania’s shared services sector has once again been recognised as a regional leader, picking up five major awards at the Central and Eastern Europe Shared Services and Outsourcing Awards 2016 in Warsaw, reported BC Egidijus Jurgelionis,public relations manager at Invest Lithuania.
Lithuania this month ranks 81st in the world in terms of gold holdings, one notch down from number 80 last month, informs LETA/BNS, according to the latest figures from the World Gold Council. Latvia is ranked 79th.
The Estonian bank of the Norwegian financial services group DNB has posted a net profit of 3.4 million euros for the year 2015 while the group's total net profit was 2.6 billion euros, informs LETA/BNS.
After the national airline airBaltic receives German investor Ralf-Dieter Montag-Girmes and government's investments, its value will be around EUR 260 million, regardless of the airline's negative equity at the moment, Prudentia's CEO Karlis Krastins told LETA.