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Saturday, 22.11.2014, 04:44
Completing Europe: from the North-South Corridor to energy, transportation and telecommunications union21.11.2014
Economic growth and energy security are the backbones of the European Union’s resilience, but are both the weak spots in the chainmail of Europe. This challenge should be addressed by the creation of an integrated set of energy, transportation, and digital links, a North-South Corridor spanning across Central Europe, linking the Baltic to the Adriatic and Black Seas.
Keyword tags: Energy, EU – Baltic States, Gas, Investments, Markets and Companies, Transport
Extraordinary event has occurred in Lithuania's telecommunications market – one of the most lucrative internet, cable TV and landline telecommunications service providers Cgates is going to be sold, informs LETA/ELTA.
Today in the Riga Old Town, at Valnu Street 21, the first new concept and design Latvijas balzams shop (part of the LB veikali chain) was opened, offering shoppers a contemporary comfortable shopping environment and a wider assortment. The company plans to open several such new concept stores in Riga and Jūrmala over the next two years, investing a total of around half a million euro in modernization, informed BC Latvijas balzams communications manager Dana Hasana.
Real value in EU policies is their interchanging character and cross-sectoral perspectives for the European future. These interchanges are becoming more important as the pace of development through global economic and geopolitical structures is accelerating. Commission vice-president Maroš Šefčovič revealed at the same time main features of the future EU energy union.
Storebrand Baltic, with the recent addition of an IT development branch, is the fastest growing company in the Norwegian Storebrand Group. In the last 12 months Storebrand Baltic hired over 30 skilled developers and aim to double the number in the next 12-18 months, reports LETA/ELTA, referring to Invest Lithuania.
On Friday, taking part in the opening of the KTU (Kaunas Technology University) Science and Technology Centre and Technological Business Incubator, Lithuanian Prime Minister Algirdas Butkevicius stressed that funds properly invested in science and technologies always bring great returns, informs LETA/ELTA.
Unaudited consolidated net profit as well as consolidated net profit attributable to shareholders of INVL Baltic Real Estate amounted to LTL 476,000 (EUR 138,000), the company said in a statement, cites LETA/ELTA.
In a study conducted in Lithuania, the expansion of Ikea store chain to Estonia and Latvia was studied and for the time being, it was decided to expand just to Latvia, LETA/Postimees Online reports.
Currency trading company Secure Investment has vanished without a trail, causing losses to investors in the amount of more than USD 1 billion, Bloomberg Markets reports, cites LETA.
The Intergovernmental Panel for Climate Change (IPCC) published its 5th Assessment Report (AR5), which provides a review of the current state of scientific knowledge relevant to climate change. It integrates the results of assessments on the latest research carried out over the past six years. The report will be part of negotiations under the UN Framework Convention on Climate Change (UNFCCC) in December 2014 in Peru.
Latvian Saeima decided today to establish a parliamentary investigative commission on the sale of Citadele bank, reports LETA.
Investors have positively assessed the Government's efforts to improve Lithuania's business climate, says Prime Minister Algirdas Butkevicius, reviewing Investor Confidence Index for Lithuania compiled by Investors' Forum, informs LETA/ELTA.
Fast food chain McDonald’s has invested EUR 15.9 million in Latvia during the past seven years, the company informed LETA.
Orders are coming in thick and fast at Norwegian capital company Stansefabrikken's factory, located in the Lithuanian town of Ukmerge. The company forecasts growth of 10-15% and its turnover should reach EUR 21 million, informs LETA/ELTA.
Several companies from the United States are interested in possibilities to explore and extract shale gas in Lithuania, confirmed Lithuanian Prime Minister Algirdas Butkevicius, cites LETA/ELTA.