International Internet Magazine. Baltic States news & analytics
Tuesday, 27.01.2015, 05:21
US risk investor Andreessen Horowitz together with companions invested 58 million dollars in the Estonian start-up company TransferWise, which is so far the largest amount of money invested in a startup of Estonian origin, LETA/Äripäev.ee reports.
Keyword tags: Estonia, Financial Services, Good for Business, Investments, Technology
Finnish burger chain Hesburger plans to open 20 new fast-food restaurants in Latvia in the next seven years, the director of the fast-food chain Kari Salmela told LETA.
As Social Democrat MP Birute Vesaite voiced her doubts whether the Government is not investing too much in the heating sector reforms in Vilnius and Kaunas, Lithuanian Prime Minister is confident about the benefits of these projects and says that Lithuania follows the proven methods from Western Europe, reports LETA/ELTA.
Nasdaq's Tallinn, Riga and Vilnius Stock Exchanges declared AS Tallinna Vesi as the company with the Best Investor Relations in the Baltic countries on Thursday, LETA/Postimees Online reports.
The share of Estonia's central bank Eesti Pank in the European Central Bank (ECB) bond purchase program is about 0.27%, which means that the Estonian central bank can buy securities for up to 162 million euros per month or a total of up to three billion euros, LETA/Postimees Online reports.
Presenting Latvia’s priorities for its Presidency of the Council of the EU to the European Economic and Social Committee (EESC), the Latvian Foreign Ministry’s Parliamentary State Secretary for EU Affairs, Ms Zanda Kalniņa-Lukaševica, addressed questions of security and social dialogue as well as the European Citizens’ Initiative and the upcoming intensive work on the regulation of the European Fund for Strategic Investments, reports BC the Latvian MFA.
Within the framework of the World Economic Forum in Davos (Switzerland), Latvian Prime Minister Laimdota Straujuma and Vice President of Switzerland Johann Schneider-Ammann discussed the expansion of future cooperation between the two countries, as well as economic growth in Europe, reports BC press secretary to the Prime Minister Aiva Rozenberga.
Phillip Morris have announced plans to significantly expand their production facility in the Lithuanian port-city of Klaipeda. The expansion, which will be carried out this year, is part of a new EUR 40 million investment project by the international tobacco company, reports BC Invest Lithuania.
On Thursday, January 22, addressing the World Economic Forum in Davos during the panel discussion “Europe’s Twin Challenges: Growth and Stability”, Latvian Prime Minister Laimdota Straujuma emphasized that Europe’s economic growth is a must for stability, reported BC press secretary to the Prime Minister Aiva Rozenberga.
President Dalia Grybauskaite, attending the World Economic Forum in Davos, discussed investment opportunities in Lithuania with representatives of global companies and influential business people, reports BC presidential press service.
The Investment Plan for Europe – or European Commission President Jean-Claude Juncker's plan – must be set in motion before the second half of 2015, Finance Minister Janis Reirs (Unity) told members of the Committee on Economic and Monetary Affairs (ECON) yesterday.
Nasdaq (Nasdaq: NDAQ) announces that the world leading operator of exchanges and provider of capital markets technology, will create a new technology and business support competence center in Vilnius, reported BC Invest Lithuania.
Partly Estonian investors-owned renewable energy producer Nelja Energia invests EUR 115 million in developing a 60 MW wind farm in Silute, Lithuania, LETA/Postimees Online reports.
On Tuesday, 20 January, during his visit to the United Kingdom, Lithuanian Minister of Finance Rimantas Sadzius met with Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD). The meeting addressed the importance and benefit of Lithuania's accession to the euro area, as well as the progress and prospects of projects implemented by the EBRD in Lithuania, informs LETA/ELTA.
The Finnish-Baltic fast-food restaurant chain Hesburger posted EUR 48 million in sales in the Baltic countries last year, which is 7.4 percent more than in 2013, as Hesburger Development Director for the Baltic countries Ieva Salmela told LETA.