Investments

International Internet Magazine. Baltic States news & analytics Monday, 19.08.2019, 06:57

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Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

Estonia: Ekspress Grupp invests up to EUR 2 mln in automation of production process

15.08.2019

AS Printall, a wholly-owned subsidiary of AS Ekspress Grupp, has entered into agreements to purchase semi-finished product collection systems for magazine web press and flow-feed systems for binding machines with loading equipment for semi-finished product for an investment of up to 1.9 mln euros, informed LETA/BNS.

Keyword tags: Estonia, Good for Business, Investments, Markets and Companies



SmartLynx Airlines plans to invest EUR 5 mln in Canada Jetlines startup

SmartLynx Airlines plans to invest EUR 5 mln in Canada Jetlines startup

12.08.2019

SmartLynx Airlines in Canada signed an agreement on a EUR 5 million investment in Canada Jetlines startup in order to solve seasonality problems, said SmartLynx Airlines board member Zygimantas Surintas in an interview with LETA.

Fortaco invests in increased steel fabrication capacity at Fortaco Estonia OU

Fortaco invests in increased steel fabrication capacity at Fortaco Estonia OU

07.08.2019

Fortaco Group, the largest manufacturer of steel fabrications in Europe, has started a capacity extension project of over 10 mln EUR in Narva, Ida-Virumaa, Fortaco`s representative informed BC.


EUR 300 mln to be invested in Baltic private, venture capital funds

EUR 300 mln to be invested in Baltic private, venture capital funds

06.08.2019

The European Investment Fund (EIF) and the three Baltic countries of Estonia, Latvia and Lithuania signed a Baltic Innovation Fund 2 agreement according to which more than 300 mln euros is to be invested in Baltic private and venture capital funds through the fund over the course of the next five years.

Latvia: Defense Ministry to make significant investments in infrastructure in 2020

Latvia: Defense Ministry to make significant investments in infrastructure in 2020

05.08.2019

The Latvian Defense Ministry plans significant investments in infrastructure next year, said Defense Minister Artis Pabriks (For Development) in an interview with Diena daily.


05.08.2019

Fishery VARITA invests EUR 3.6 mln in the development of the company

The fishery VARITA, with the support of the Rural Support Service and the financing provided by BlueOrange, has invested EUR 3.6 mln in the development of the company. Of this amount, EUR 1.1 mln is used for modernisation, including the purchase of new refrigeration equipment, while the remaining amount will be invested in the development of the company and the increase in catch volumes, the company`s representative informed BC.

05.08.2019

Lithuania: Stemma Group to invest EUR 100 mnl into Memelio Miestas projec

Stemma Group, a company controlled by the family of Martinas Gusiatinas, plans to invest around 100 mln euros into the Memelio Miestas (Memel City) project in the territory of Klaipeda's former ship repair company Laivite in central Klaipeda over the next ten years, informed LET/BNS.

29.07.2019

Construction on Kormotech pet food plant starting in Lithuania

Kormotech, a leading Ukrainian pet food manufacturer, is launching the construction of a new production facility in the central Lithuanian town of Kedainiai, informed LETA/BNS.

29.07.2019

Lithuania's Klaipedos Nafta bids to operate LNG terminal in Cyprus

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipeda Oil) is partnering with other international companies and will take part in a 500 mln euro tender for the design, construction and operation of the Cyprus LNG import terminal, reporterd LETA/BNS.

19.07.2019

Lithuania's M.M.M. Projektai plans EUR 200 mln investment in Riga - media

M.M.M. Projektai, a real estate company owned by Lithuanian businessman Nerijus Numavicius, plans to invest 200 million euros in Riga over the next few years, according to the vz.lt news website informed LETA/BNS.

17.07.2019

EU FDI flows in 2018

The 2018 preliminary results indicate a general disengagement of direct investment capital circulating between the European Union (EU) and the rest of the world. Foreign Direct Investment (FDI) net outflows from the European Union towards extra-EU were negative at - 60 bn EUR, strongly contrasting with the amount invested in 2017 (EUR 301 bn).

15.07.2019

Estonia's LeapIN raises EUR 6.8 mln, rebrands as Xolo

LeapIN, the startup founded to service Estonian e-residents, has raised six million euros from investors, is to launch a new service that enables starting micro-businesses without registering a company, and has rebranded itself as Xolo,

11.07.2019

First Hilton hotel in Latvia to open in Riga Old Town in fall

Apex Alliance Hotel Management plans to open the first Hilton hotel in Latvia at 25 Grecinieku Street in Riga this fall, the company’s representatives informed LETA.

09.07.2019

Invitation to companies to bid for the provision of consultancy services for Hong Kong Economic and Trade Office in London

Hong Kong Economic and Trade Office in London (HKETO in London) is the official representative of the Hong Kong Special Administrative Region Government in commercial relations and other economic and trade matters in the United Kingdom as well as Denmark, Estonia, Finland, Latvia, Lithuania, Norway, the Russian federation and Sweden. Its mission is to foster closer economic and trade ties between Hong Kong and these nine countries.

08.07.2019

Estonia: EUR 10 mln computing center being developed at Enefit Tehnoloogiapark

Burfa Tech, an IT company operating in Estonia mainly in the field of equipment for cryptocurrency mining, is set to develop Northern Europe's largest high-performance computing center at Enefit Technology Park in the northeastern border city of Narva, reported LETA/BNS.

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