International Internet Magazine. Baltic States news & analytics
Sunday, 20.04.2014, 03:48
Wix, a global leader among website development platforms, has opened a new office in Vilnius. The plan is for the office to employ over 150 information technology (IT) specialists, informed LETA/ELTA, referring to the Vilnius City Municipality.
Keyword tags: Employment, Good for Business, Investments, Lithuania, Technology
Estonia-based construction company Pro Kapital Grupp approved the audited annual report for the financial year 2013, under which the company's audited and consolidated revenue for financial year 2013 amounted to 12.287 million euro, compared to the 2012 revenue of 16.078 million euro, Pro Kapital Grupp said in a statement, cites LETA.
The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.
Invalda LT, one of the major Lithuanian investment companies, requests to suspend trading of the company's shares on NASDAQ OMX Vilnius Stock Exchange from 23 April 2014 due to the ongoing process of split-off of the Company, the company announced in a press release, cites LETA/ELTA.
The presentation of the Astana Economic Forum was held in the historical center of the Financial District of New York – Wall Street. A unique Kazakhstani project was presented to the heads of international financial and investment companies, as well as experts of world stock exchanges.
One of Russia's biggest cosmetics industries Natura Siberica will open a plant in Tallinn in October, intending to make natural cosmetics out of plants grown in the Estonian Saaremaa island, LETA/Postimees writes.
Prime Minister of Lithuania Algirdas Butkevicius who has visited Mazeikiai noted that as businessmen and investors are lacking qualified workers, every opportunity must be used to encourage emigrants to return to Lithuania, informs LETA/ELTA.
The positive flow of net portfolio investment amounted to 6 million litas in February, while in January-February 2014 – almost two billion litas, the Statistics Department of the Bank of Lithuania said in a statement, informs LETA.
Observing provisions of the Law on Electronic Communications, the Communications Regulatory Authority of the Republic of Lithuania (RRT) collected data of electronic communications operators on their activities of the 4th quarter of 2013. Compared to the 3rd quarter of 2013, investments into electronic communications infrastructure grew by 46.1% in the 4th quarter of 2013 and amounted to LTL 120.39 million (EUR 34.9 million). Compared to 2012, the investments increased by 16.1% in 2013, the Communications Regulatory Authority said in a statement.
Banking group SEB's pan-Baltic survey of the CFOs of larger enterprises indicates cautious optimism, with Estonian enterprises more conservative in their forecasts than their neighbors to the south, SEB said in a statement. The main concerns for larger Baltic enterprises are the same: demand, labor costs and price of raw materials, writes LETA.
The net negative foreign direct investment (FDI) flow in Lithuania amounted to 492.9 million litas in February and 336.2 million litas in January–February 2014, the Statistics Department of the Bank of Lithuania said in a statement, cites LETA.
Open letter to Latvia's leaders from FICIL on the Maxima tragedy, respectively to the President of the Republic of Latvia Mr Andris Bērziņš, speaker of the Parliament of the Republic of Latvia Ms Solvita Āboltiņa, Prime Minister of the Republic of Latvia Ms Laimdota Straujuma.
The average value of the investment units of the second pillar pension funds operating in the country increased by 0.87% and the total amount accumulated in the pension funds exceeded 5.6 billion litas in the first quarter of this year, reports LETA.
Lithuania's credit rating was raised two notches by Standard & Poor's on a stronger-than-expected fiscal performance and higher prospects the Baltic nation will qualify for euro adoption in 2015, LETA/ELTA reports, referring to bloomber.com.
President Dalia Grybauskaite, currently on an official visit to Sweden, opened a Lithuanian-Swedish business forum. The President underlined that Lithuania and Sweden are linked not only by strong political ties – they also enjoy very successful economic cooperation, reported BC presidential press service.