Investments

International Internet Magazine. Baltic States news & analytics Saturday, 05.09.2015, 04:10

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Latvian Trasta komercbanka seeks investor

Latvian Trasta komercbanka seeks investor

04.09.2015

Latvian bank Trasta komercbanka is looking for an investor to boost capital and help revamp its unprofitable operations, the Bloomberg news agency reports, cites LETA.

Keyword tags: Baltic States – CIS, Banks, Financial Services, Investments, Latvia



Lietuvos Energija is half-way towards achievement of its strategic goal

Lietuvos Energija is half-way towards achievement of its strategic goal

04.09.2015

Having previously centralized and optimized its activities, Lietuvos Energija Group reduced its expenses directly related to the price of electricity, gas supply and other services by 10% in half 1 of the year 2015. At the same time, performance results of the Group improved, reported BC Lietuvos Energija’s press service.

Current account deficit in Latvia at 2.4% of GDP in Q2

Current account deficit in Latvia at 2.4% of GDP in Q2

04.09.2015

Latvia's current account deficit increased to EUR 148.3 million or 2.4% of gross domestic product in the second quarter of 2015, reports LETA.


The profit of Estonian business sector decreased by 15% in Q2

The profit of Estonian business sector decreased by 15% in Q2

03.09.2015

According to Statistics Estonia, in the 2nd quarter of 2015, the total profit of the business sector was 724 million euros, which was 15% less than in the same period a year ago.

Nordea cuts growth forecasts for Latvia and Lithuania

Nordea cuts growth forecasts for Latvia and Lithuania

02.09.2015

Nordea bank's analysts have reduced economic growth forecasts for Lithuania and Latvia, informs LETA.

31.08.2015

Norwegian oil & gas technology company CSUB opts for Lithuania

The Norwegian company CSUB (former Sorkomp), which works with oil and gas technologies, is launching a production division in Klaipeda. In the short run, CSUB LT plans to create 50 new jobs for engineers, welders, and other specialists. The company is also considering expansion in Lithuania, reports BC press service of Invest Lithuania.

31.08.2015

Latvenergo Group profit increases by 46% in H1

Profit of Latvenergo Group increased by 46% in the first half-year 2015, whereas turnover fell 13%, according to the group's unaudited results for the first six months of 2015, informs LETA.

31.08.2015

H1 profit of Lithuania's Invalda INVL at EUR 4.1 mln

According to pre-audited results of Invalda INVL, AB group for the 6 months of 2015, consolidated net profit attributable to shareholders of Invalda INVL amounted to EUR 4.1 million, while in the same period of 2014 it was EUR 5.4 million, the group said, cites LETA/ELTA.

31.08.2015

Final bids due in September for Vilnius Police Infrastructure PPP

Vilnius County Police Headquarters has announced that the due date for best and final offers (BAFOs) regarding the Vilnius Police Infrastructure Public Private Partnership (PPP) project is September 10, 2015, reports BC chief project manager for PPP Irmantas Butkauskas.

31.08.2015

EUR 1 mln to be invested in development of KFC and Pizza Hut restaurants in Riga

Around EUR 1 million will be invested in the development of the Kentucky Fried Chicken (KFC) and Pizza Hut in Latvia, the KFC franchise owner in the Baltic countries Sigurdur Arnar Sigurdsson told LETA.

28.08.2015

Moody’s didn’t adjust Eesti Energia's credit rating

Moody’s credit rating on Eesti Energia remained unchanged, at the level Baa2, with the stable rating outlook, reports the enterprise in a press release.

26.08.2015

BaltCap acquires Baltic realty investment management firm

"BaltCap Private Equity Fund II" has pushed through acquisition of the realty investment management firm BPT Real Estate, which operates in all three Baltic States and Poland, informs LETA.

26.08.2015

Estonia's fisheries sector to get nearly 130 mln for investments

The new European Commission's investment package will bring 129.6 million euros to the Estonian marine, fishing and agricultural industry, writes LETA/Postimees Online.

26.08.2015

Citadele: businesspeople optimistic about investments, pessimistic about overall economics in Latvia

Managers of small and large companies in Latvia are optimistic about investments in their companies, but in all groups of companies, the most pessimistic views are about the overall level of economic activities in Latvia, the latest Citadele Index study show, reports BC head of external Communications at Citadele bank Baiba Abelniece.

26.08.2015

Linnamäe's media company to sell Latvian BNS in order to buy LETA

Margus Linnamäe, entrepreneur who is currently fast developing his media business in the Baltic States, will have to sell BNS' Latvian subsidiary in order to be able to acquire full ownership of LETA, writes Äripäev/LETA.

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