Investments

International Internet Magazine. Baltic States news & analytics Thursday, 30.03.2017, 09:43

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Ringier Axel Springer Media buys Baltic recruitment portal CV Keskus

Ringier Axel Springer Media buys Baltic recruitment portal CV Keskus

29.03.2017

Ringier Axel Springer Media AG on Wednesday acquired 100 percent of the shares in CV Keskus OU, operator of the job classifieds sites cvkeskus.ee in Estonia, cvmarket.lv in Latvia and cvmarket.lt in Lithuania, reports LETA/BNS.

Keyword tags: EU – Baltic States, Financial Services, Good for Business, Internet, Investments, Labour-market, Mergers and take-overs



Estonian unit of ABB boosts FY sales 18 %

Estonian unit of ABB boosts FY sales 18 %

28.03.2017

Sales revenue of the power management and automated systems manufacturer ABB AS, Estonian unit of the international ABB group, increased 18 % last year to 183 mln euros, LETA/BNS informed.

Capitec Bank invests €21M in European fintech Creamfinance

Capitec Bank invests €21M in European fintech Creamfinance

27.03.2017

Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”), BC was told at the Creamfinance.


Lithuania`s Hidrostatyba and Latvia`s BMGS to reconstruct VLG shipyard's embankments

Lithuania`s Hidrostatyba and Latvia`s BMGS to reconstruct VLG shipyard's embankments

22.03.2017

The embankments used by Vakaru Laivu Gamykla (Western Shipyard, or VLG), a Lithuanian shipbuilding and repairing group controlled by Estonia's BLRT Grupp, will be reconstructed by construction company Hidrostatyba and Latvia's BMGS for 14.837 mln euros, reports LETA/BNS.

Lithuanian furniture retailer Berry invests over EUR 1 mln in its first store in Latvia

Lithuanian furniture retailer Berry invests over EUR 1 mln in its first store in Latvia

17.03.2017

Lithuanian furniture and interior design retailer Berry has invested over EUR 1 mln in its first store in Latvia which will open in Riga in late March, the company announced LETA/BNS.


17.03.2017

Eesti Energia to invest EUR 52.5 mln in Jordan

The state owned Estonian energy group Eesti Energia is about to invest 52.5 mln euros in Attarat Power Company (APCO), a company set up to carry out a large scale, oil shale based power generating project in Jordan, reports LETA/BNS.

16.03.2017

Eesti Energia: USD 2.1 b Jordan oil shale project secures funding

Attarat Power Company (APCO) has announced that it has reached financial close for the 2.1-billion-U.S.-dollar project to build the first oil shale fired power station and open cast mine in Jordan, reports Eesti Energi.

16.03.2017

Lithuania's Kaunas CHP plant signs EUR 75 mln worth of treaties

Progress has been reported in the Kaunas combined heat and power ( CHP ) plant project that has been subject to heated discussions – 75 million euros worth of contracts were Thursday signed with German, Finnish, French and Czech companies, writes LETA/BNS.

16.03.2017

Latvia’s 3D display manufacturer LightSpace Technologies opens office in Silicon Valley

Latvia’s 3D display manufacturer LightSpace Technologies has opened its 3D image display technology demonstration office in Silicon Valley, San Jose, US, the company’s representatives reported.

15.03.2017

Certification of Tukums Airport may take a while - investor Kisiels

Certification of Tukums Airport may be quite complicated and it could take a while, as the new investor in the airport, businessman Raimonds Kisiels told reporters today.

14.03.2017

Chinese bank may enter Lithuanian market this year

The Lithuanian central bank governor said on Tuesday that a new bank might enter the market this year, but he gave no further details. According to information available to LETA/BNS, it could be a Chinese bank or financial institution.

14.03.2017

Elektrilevi invested EUR 88.5 mln in 2016

Last year the Estonian electricity distribution system operator Elektrilevi invested 88.5 mln euros in assuring and increasing quality, building 253 substations and 2,699 kilometers of new lines, reports company.

13.03.2017

Tukums Airport has a new strategic investor

SIA Sky Port, located in Engure municipality and previously known as Tukums Airport, has acquired a new strategic investor Raimonds Kisiels, BC informed Skay Port`s representative.

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