Investments

International Internet Magazine. Baltic States news & analytics Tuesday, 24.04.2018, 19:18

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SEB and Danske issue EUR 34 mln loan for expansion of Origo Shopping Center in Riga

SEB and Danske issue EUR 34 mln loan for expansion of Origo Shopping Center in Riga

24.04.2018

SEB Banka and Danske Bank have issued a EUR 34 million loan for the expansion of the Origo Shopping Center in central Riga, informs LETA.

Keyword tags: Financial Services, Good for Business, Investments, Latvia, Loan, Markets and Companies, Real Estate



Quarter century for AmCham Latvia

Quarter century for AmCham Latvia

24.04.2018

To commemorate the occasion of the 25th Anniversary of the American Chamber of Commerce in Latvia (AmCham), a special black tie dinner was held last Saturday, April 21.

Vilkyskiu dairy plans to invest up to EUR 40 mln in new plant

Vilkyskiu dairy plans to invest up to EUR 40 mln in new plant

24.04.2018

Vilkyskiu Pienine (Vilkyskiai Dairy), a leading Lithuanian dairy producer, intends to build a new dairy factory next to its cheese production and whey processing complex in Taurage, with plans to invest up to 40 million euros in the project and create 50 new jobs, the mayor of the western Lithuanian district said, cites LETA/BNS.


Cheaper business opportunities probably lead to Barclays' decision in Lithuania

Cheaper business opportunities probably lead to Barclays' decision in Lithuania

23.04.2018

The Vilnius-based Barclays technology center, which has recently announced plans to cut the number of its staff by a third, has probably found cheaper business development opportunities, head of the Investors' Forum, uniting foreign investors, believes, reports LETA, citing BNS Theme.

Preilu Siers achieved EUR 59.9 mln in turnover in 2017

Preilu Siers achieved EUR 59.9 mln in turnover in 2017

22.04.2018

The joint-stock Latvian dairy company Preilu Siers achieved EUR 59.9 million in turnover last year, which is EUR 2.2. million more than the previous year, the company's board chairman Jazeps Snepsts told LETA.


20.04.2018

AHK: foreign investors critical of Latvia's tax reform, business environment in general

Foreign investors are on the whole satisfied with business environment in Latvia but in a number of investment criteria have given the country lower ratings compared to the previous year and are critical of Latvia's tax reform in particular, writes LETA, according to the annual survey carried out by the German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania (AHK).

20.04.2018

Estonian ministry to support industrial sector's innovation, exports

The Estonian Ministry of Economic Affairs and Communications is working on a measure aimed at increasing the innovation and export capability of the country's industrial companies, informs LETA/BNS.

20.04.2018

Lithuania's 1st Marriott hotel opens in Vilnius

The first Marriott chain hotel in Lithuania was opened in Vilnius on Thursday, the project's developer Hanner said, cites LETA/BNS.

19.04.2018

EU invests in Baltic power grid synchronization project

The European Commission will provide 125,000 euros for a technical study on the Baltic power grids' planned synchronization with the Continental European network, with the final results of the study, estimated to cost 250,000 euros in total, to be released in June 2018, informs LETA/BNS.

19.04.2018

East Capital purchases Galleria Riga shopping center

The property fund East Capital Baltic Property Fund III, which is part of the East Capital asset management company, has purchased the Galleria Riga shopping center in Riga, East Capital informed LETA.

19.04.2018

US Cognizant to open development and supply center in Latvia

International IT company Cognizant in May will open a development and supply center in Latvia, Cognizant Latvian head Kim Leandersson told LETA.

19.04.2018

Rimi-Iki deal canceled in Lithuania

A 213-million-euro deal on the acquisition by Rimi Lietuva, a Lithuanian retail chain owned by Sweden's ICA Gruppen, of Iki, a rival chain owned by Palink, is being cancelled, informs LETA/BNS.

18.04.2018

New Hanza office center in Riga now scheduled for completion by 2021

The planned construction of an office center in the New Hanza quarter in Riga will be delayed by about a year and will be completed by 2012, Edgars Miluns, a board member of the project’s developer Pillar Management, said during the discussion Latvia-Riga-Skanste 2024 today, reports LETA.

17.04.2018

UAE ambassador inquired about business conditions in Rezekne SEZ

The Ambassador of the United Arab Emirates (UAE) to Latvia, Hanan Khalfan Al Aleeli, during her visit to Rezekne, eastern Latvia, inquired about the export markets of the local companies and the business conditions in the Rezekne Special Economic Zone (SEZ), the Rezekne city government informed LETA.

17.04.2018

Estonia to direct additional EUR 117.5 mln to development of e-state

As a result of the state budget strategy negotiations, altogether 117.5 million additional euros will be directed to developing Estonia's e-state over the next four years, while the salaries of the state's information and communications technology (ICT) specialists will be raised by 20%, reports LETA/BNS.

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