Investments

International Internet Magazine. Baltic States news & analytics Tuesday, 30.06.2015, 12:56

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Investing in European transport sector: Commission offers €13 bln

Investing in European transport sector: Commission offers €13 bln

30.06.2015

The Commission is further delivering on the initial top priority of creating jobs and boosting growth in EU; this time it unveils about €13.1 billion investment into 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of €28.8 billion. In the Baltic States Rail Baltica project is eligible for the funding.

Keyword tags: Economics, EU – Baltic States, Good for Business, Investments, Railways, Transport



S&P lowers Eesti Energia's credit rating

S&P lowers Eesti Energia's credit rating

30.06.2015

The rating agency Standard & Poor's (S&P) lowered the credit rating of Estonia's state-owned energy company Eesti Energia from BBB to BBB + while the outlook remained stable, Eesti Energia announced, cites LETA.

Increasingly more foreigners want to stay in Latvia

Increasingly more foreigners want to stay in Latvia

30.06.2015

Increasingly more foreigners want to stay and live in Latvia, reports LETA, according to a study on the profile of third-country citizens in Latvia.


Baltic States surpass Europe by number of jobs created in 2014

Baltic States surpass Europe by number of jobs created in 2014

29.06.2015

Based on EY's European Attractiveness Survey, in 2014 the three Baltic States completed by 9% more investment projects and created by 31% more jobs than in 2013. Foreign direct investment in Europe resulted in 12% increase in new jobs, reports LETA/ELTA.

EU supports financing SMEs by using local financial intermediaries

EU supports financing SMEs by using local financial intermediaries

29.06.2015

The new mandate agreement signed presently between the European Commission and the European Investment Fund (EIF) is aimed at promoting growth in the EU by assisting SMEs and micro-enterprises in access to finances. Over €500 million support will be made available under the European Program for Employment and Social Innovation (EaSI).

29.06.2015

Standard&Poor’s has kept Latvia's rating at ''A-''

Due to Latvia's strong fiscal position, international ratings agency Standard&Poor’s has kept Latvia's rating at ''A-'' with a stable outlook in July 2015, reported BC the Latvian Institute.

29.06.2015

Estonian health tech start-up Capster attracted investors

Health technology start-up enterprise Capster that develops cold treatment product received an angel investment with Tehnopol's Startup Incubator and Estonian Business Angels' Association EstBAN, writes Äripäev.ee/LETA.

26.06.2015

Estonian health tech start-up Capster attracted investors

Health technology start-up enterprise Capster that develops cold treatment product received an angel investment with Tehnopol's Startuo Incubator and Estonian Business Angels' Association EstBAN, writes Äripäev Online, reports LETA.

26.06.2015

EU supports financing SMEs by using local financial intermediaries

The new mandate agreement signed presently between the European Commission and the European Investment Fund (EIF) is aimed at promoting growth in the EU by assisting SMEs and micro-enterprises in access to finances. Over €500 million support will be made available under the European Program for Employment and Social Innovation (EaSI).

12.06.2015

Krishtal: KVV was provided with inaccurate information during acquisition of Liepajas metalurgs

Ahead of the acquisition deal of the metallurgical plant Liepajas metalurgs in 2014, the Ukrainian investor KVV Group received inaccurate information that has affected the actual costs of production, KVV Liepajas metalurgs co-owner Valery Krishtal said in an interview with LETA.

12.06.2015

The Bank of Lithuania and the China Banking Regulatory Commission signed a MoU

The Bank of Lithuania, in consistently developing relations with China’s financial sector’s supervisory authorities, today in Vilnius signed a Memorandum of Understanding with the China Banking Regulatory Commission (CBRC) establishing an arrangement for the sharing of supervisory information and enhancing of cooperation in the area of banking supervision, reported BC bank’s press service.

12.06.2015

Marvele Cargo Wharf project in Kaunas: additional guarantees to the private investor

In order to develop the Marvele Cargo Wharf in Kaunas and cargo transportation in Nemunas, the Ministry of Transport and Communications of the Republic of Lithuania together with the State Enterprise Lithuanian Inland Waterways Authority and Public Institution Invest Lithuania (Investuok Lietuvoje) organised a public consultation to the parties interested in this project, reported BC the Ministry of Transport and Communications.

12.06.2015

New opportunities for bilateral economic cooperation with Lithuania presented in Japan

Deputy Minister of Foreign Affairs of Lithuania Rolandas Krisciunas paid a working visit to Japan on 8-10 June 2015, reported BC the Ministry of Foreign Affairs. Krisciunas met with Parliamentary Deputy Minister for Foreign Affairs of Japan Kentaro Sonoura to discuss bilateral political and economic relations, cooperation on maintaining international peace and security, aggression against Ukraine.

12.06.2015

Bilateral Lithuania-UAE investment agreement has been initialled

After the second stage of negotiations that took place in Vilnius on 9-10 June 2015, Lithuania and the United Arab Emirates (UAE) gave initialled an agreement on mutual promotion and protection of investments, reports LETA/ELTA.

11.06.2015

Lithuanian PM, Katainen talk about importance of European Fund for Strategic Investments

In a meeting with the European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen, Lithuanian Prime Minister Algirdas Butkevicius talked about Jean-Claude Juncker's EUR 315 billion investment plan for Europe, discussed the issues of the Eurozone stability, economic growth outlook in the European Union, and immigration issues, reports LETA/ELTA.

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