Investments

International Internet Magazine. Baltic States news & analytics Saturday, 23.09.2017, 21:28

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Skinest Group invested in Georgia nearly 60 mln euros

Skinest Group invested in Georgia nearly 60 mln euros

22.09.2017

The Skinest Group holding company owned by Oleg Ossinovsky has invested more than 60 million euros in Georgia over the last couple of years. Recently, the Kintrishi hydroelectric power plant with a capacity of 6.6 MW was commissioned, informed BC Group's press service.

Keyword tags: Baltic States – CIS, Energy, Estonia, Good for Business, Investments, Transport



Signet Global Investors Limited, Hansalink, Fin.lv acquire majority shareholding in Bank M2M Europe

Signet Global Investors Limited, Hansalink, Fin.lv acquire majority shareholding in Bank M2M Europe

22.09.2017

A group of shareholders, including Signet Global Investors Limited, Hansalink, Fin.lv, have acquired a majority shareholding in Bank M2M Europe, LETA learned from the bank.

Germany's Visiotex coming to Kaunas

Germany's Visiotex coming to Kaunas

22.09.2017

Germany's technical textiles company Visiotex, which is known for its innovations, is readying to invest in Lithuania's second-largest city Kaunas, Verslo Zinios business daily said, cites LETA/BNS.


Ikea investing in furniture production expansion in Lithuania

Ikea investing in furniture production expansion in Lithuania

22.09.2017

Ikea Industry Lietuva, a Lithuanian chipboard and furniture manufacturer that is part of Sweden's furniture group Ikea, is investing in a new furniture factory with plans to double its production capacity and create 20 new jobs, informs LETA/BNS.

Investments in commercial real estate in Baltics total EUR 511 mln in H1

Investments in commercial real estate in Baltics total EUR 511 mln in H1

22.09.2017

Investments in commercial real estate in the Baltic states totaled EUR 511 million in the first half of 2017, remaining roughly the same compared to the same period in 2016, according to the latest Baltic States Investment Market Overview published by Colliers International (Colliers) commercial real estate services company.


21.09.2017

Large-scale landscaping project starts in Lithuania's Curonian Spit

A large-scale landscaping project is getting underway in the Lithuanian part of the Curonian Spit this fall with plans to open up and form new spaces and remove woody vegetation from dunes on an area of almost 700 hectares over three years, the daily Lietuvos Zinios reported on September 21st, cites LETA/BNS.

21.09.2017

Kekava poultry farm to improve biosafety standards and modernize chicken houses

Latvia's largest poultry meat producer Putnu Fabrika Kekava (Kekava) will spend EUR 430,000 on the modernization of its chicken farm and raising its biosafety and animal welfare standards, the company's spokeswoman Maija Avota told LETA.

21.09.2017

EUR 55 mln to be invested in reconstruction of Alfa shopping mall in Riga

On October 3, Linstow Center Management (Linstow) and Multi Corporation will officially launched expansion of Alfa shopping mall in Riga by 30,000 square meters, Linstow reported LETA.

21.09.2017

OECD doesn't support Estonia's planned tax exemption for dividend payers

According to the Organization for Economic Cooperation and Development (OECD), Estonia's planned reduction of the taxation of distributed dividends for mature companies is unlikely to have any positive impact on investment by domestic firms, will add complexity to the tax system and penalize young firms, informs LETA/BNS.

20.09.2017

Environmental activists take legal action against EUR 1 bln pulp mill plan in Estonia

The civic environmental organization Eesti Metsa Abiks (For the Estonian Forest) on Monday filed a letter rogatory and notice of appeal to the Tallinn administrative court, in which the environmental activists call for the annulment of the administrative acts and state's special plan concerning the construction of the one billion euro pulp mill of Est-For Invest OU, informs LETA/BNS.

20.09.2017

Latvia has invested EUR 3.2 mln in space exploration projects

Latvia has so far supported 27 space exploration projects as a result of three tenders, investing more than EUR 3.2 million in total in these projects, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) said at the European Planetary Science Congress yesterday, cites LETA.

20.09.2017

Estonia joins joint European securities settlement platform T2S

Estonia along with Latvia and Lithuania on Monday jointed the joint European securities settlement platform TARGET2-Securities (T2S), which will give Estonian investors the opportunity in the future to buy and sell European securities at a lower price than before, informs LETA/BNS.

19.09.2017

EU new industrial policy: investing in a smart, innovative and sustainable industry

It was underlined in the State of the Union address, that the EU industry should be “stronger and more competitive”. Therefore the new European Industrial Policy Strategy (EIPS) is aimed at making the EU industries a world leader in innovation, digitisation and decarbonisation. The renewed EIPS brings together all EU’s existing and new horizontal and sector-specific initiatives into a comprehensive industrial strategy.

19.09.2017

Nasdaq Merges its Baltic CSDs to Create Nasdaq CSD

Central securities depositories in Estonia, Latvia and Lithuania become a single entity which has joined the pan-European securities settlement platform T2S, the Riga bourse reported LETA.

19.09.2017

Baltic Workboats buys production property in U.S. for EUR 5 mln

The Estonian boat builder Baltic Workboats has bought a property along with production buildings in the Tampa region of the state of Florida in the United States for 5 million euros, informs LETA/BNS.

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