International Internet Magazine. Baltic States news & analyticsThursday, 09.09.2010, 16:08
McDonalds will invest 313 mln kroons in Baltic States by 2013
09.09.2010The international fast food chain McDonalds will invest 313 million kroons in the Baltic States by 2013, LETA/Estonian National Broadcasting reports.
Keyword tags: Baltic, Foodstuff, Investments, Markets and Companies
Sekmokas: PKN refinery's rail dearth of 'minor influence' in Lithuania
09.09.2010A railway link that PKN Orlen SA has asked Lithuania to rebuild is of "minor influence" on the profit of its refinery in the Baltic country, Energy Minister Arvydas Sekmokas said. PKN Orlen, Poland's largest oil company, said last month it would decide on the future of its Lithuanian unit next quarter after the plant failed to generate profit that would justify the 2.8 billion dollar investment.
Restaurant chain Vapiano enters Lithuanian market
09.09.2010Vapiano, a fast casual pasta and pizza restaurant chain, has entered the Lithuanian market. The first Vapiano restaurant will open in the retail trade and leisure centre Europa in Vilnius, on September 24.
Estonia’s electricity production reserves not guaranteed beyond 2015
08.09.2010Unless Estonia will invest sufficiently into new electricity production equipment, it will be threatened by a production capacity deficit during peak consumption hours from the year 2016 onwards, writes LETA/National Broadcasting.
Estonians’ real estate purchasing power started weakening in August
08.09.2010The real estate purchasing power in Estonia started falling in August 2010, after a long period of increase, writes LETA/Postimees Online.While in July an average resident of Tallinn could afford a home of 73 square metres, in August the purchasing power was 71 square metres, reported the real estate company Pindi Kinnisvara.
Dombrovskis: Latvia is interested to attract investments from Germany in energy, transit and production sectors
On Tuesday, September 7, in Rīga, Prime Minister Valdis Dombrovskis met Chancellor of the Federal Republic of Germany, Angela Merkel within the framework of her official visit to Latvia to discuss the cooperation between both countries in the area economy, in particular, the financial and economic situation, as well as current European Union issues, informs BC deputy head of communication department at the State Chancellery Laine Kučinska.
Non-financial investment in Latvia decreased by 38.7% in Q2
Non-financial investment* in Latvia in the 2nd quarter of 2010 was 250.3 mln lats (at current prices), according to the Central Statistical Bureau. In the 2nd quarter of 2010, compared to the 2nd quarter of previous year, value of non-financial investment (at constant prices) reduced by 38.7%.
Angela Merkel: economic contacts with Latvia must be expanded
Economic contacts and the cooperation between Latvia and Germany must be expanded, German Chancellor Angela Merkel emphasized in speaking to reporters after a meeting with Prime Minister Valdis Dombrovskis (New Era) today in Riga. Latvia and Germany have already developed close and friendly relations, but economic contacts need to be stepped up, said Merkel.
Moody’s assigns initial ratings to Citadele banka
International ratings agency Moody’s Investors Service (Moody’s) has assigned initial ratings to joint-stock Citadele banka, the head of the bank's corporate communications Inga Saleniece informed the business information portal Nozare.lv.
Enterprise Estonia provides 12.8 mln kroons for logistics cluster
Enterprise Estonia has decided to provide 12.8 million kroons of support for development of an Estonian logistics cluster, Enterprise Estonia reports.
Merkel: Lithuania and Latvia to be integrated into EU internal energy market
The upcoming European Council will discuss ways to integrate Lithuania and Latvia into the EU's internal energy market, German Chancellor Angelina Merkel says.
Bank Snoras appoints Commerzbank for carrying out series of investor meetings
Lithuania-based bank Snoras has appointed Commerzbank of Germany to arrange a series of investor meetings in Europe, commencing Monday, September 13, 2010, Snoras reports to NASDAQ OMX Vilnius.
Fitch Ratings upgrades Latvia's rating outlook
Latvia's finance minister said on Friday ratings agency Fitch had upgraded the Baltic country's rating outlook to stable from negative due to improved financial and economic conditions.
"McDonald's" would like to open restaurant in Liepaja
Although negotiations on possibly opening "McDonald's" restaurants in Daugavpils (southeastern Latvia) and Liepaja (southwestern Latvia) are under way, the company would like to open the first branch outside Riga in Liepaja, the business portal Nozare.lv was informed by Viktors Tedesko, head of the "McDonald's" chains in Latvia, operated by Premier Restaurants Latvia.
High-potential investment project offered for sale – oil terminal in Liepaja
Law office INLAT PLUS offers for sale a company, which is carrying out the construction of the terminal for oil products transshipment and storage located in the special economic zone with the territory of 130 thousands sq.m.
Free movement of services: additional consultations in the EU
