International Internet Magazine. Baltic States news & analytics
Tuesday, 03.05.2016, 23:06
The municipality of Kaunas decided on May 3rd to provide 500,000 euros to the low-cost airline Wizz Air to help it operate more flights from Lithuania's second-biggest city, reports LETA/BNS.
Keyword tags: Airport, EU – Baltic States, Good for Business, Investments, Lithuania, Tourism, Transport
The Estonian investment company Brave Capital will by the year 2020 at the latest build 40,000 square meters of commercial and office space in the Ravala quarter in central Tallinn, informs LETA/BNS.
Biriu Kroviniu Terminalas (Bulk Cargo Terminal, or BKT), in which Belarus' fertilizer manufacturer Belaruskali holds a stake, is set to pay out 3.5 million euros as dividends to its shareholders after posting a 9.5-million-euro net profit for 2015, informs LETA/BNS.
In an interview with LETA, Georgian Foreign Minister Mikheil Janelidze said that Georgia is an excellent place for Latvian entrepreneurs, where they can develop their operations and ensure exports of their goods. He also called on Latvian business representatives to utilize the Georgian market, which has only increased in recent years.
President Raimonds Vejonis on April 29th has decided not to promulgate amendments to the Immigration Law, the President's Chancery told LETA.
Revenue of the state-owned Estonian energy group Eesti Energia amounted to 197 million euros in the first quarter of 2016, which marks a year-on-year drop of 10.4%, informs LETA/BNS.
A competitive bids multi-price auction on April 28th sold the whole supply of 21-day T-bills worth EUR 50 million, the Nasdaq Riga stock exchange reported, cites LETA.
The Estonian government on April 28th endorsed the budgetary strategy for the next four years, which envisages increased investment in research and infrastructure and minor tax changes, informs LETA/BNS.
The 50 million euro project to extract anhydrite in the Kaunas district in Lithuania has been stalled, the Lithuanian business daily Verslo Zinios said, cites LETA/BNS.
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.
Bosco Company invites to participate in the b2b Conference & Expo. WealthPro Latvia, Riga 2016 – 7-8th of June 2016, Hotel Radisson BLU.
The Commission presented a progress report of the first six months since the adoption of the Capital Markets Union Action Plan last September. The first CMU status report shows that the EU helped mobilise capital in Europe and channel it to companies, including SMEs, infrastructure projects while expanding growth and create jobs. The Commission also presented new European Financial Stability and Integration Review, EFSIR.
The Estonian Chamber of Commerce and Industry has put forward a measure to raise the share of investments that pension funds here must keep in Estonian instruments to 45% by 2020, informs LETA/BNS.
Lithuania's agricultural investment group Linas Agro Group is buying a fertilizer trade business in Latvia. Linas Agro Group intends to purchase Paleo for nearly 4.6 million euros and take over a fertilizer trade business and trademark from Latfert, with the 4.59 million euro deal to be closed in October of 2017, reports LETA/BNS.
The Estonian government is about to invest on the average 70 million euros in real estate per year to renovate and maintain existing real estate and build new structures, Prime Minister Taavi Roivas said after a Cabinet meeting where ministers heard about the possibilities to finance real estate projects in the current fiscal strategy period, informs LETA/BNS.