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Saturday, 01.11.2014, 04:29
Estonian electricity main grid operator Elering announced that in the third quarter of the year 2014, it had a revenue of 20.1 million euros, an operating profit of 0.8 million euros and a net loss of 1.9 million euros, informs LETA.
Keyword tags: Energy, Estonia, Investments
U.S. entity Ripplewood Advisors, the confirmed buyers of the state's stake in Citadele Bank, announced yesterday that it understands that postponement of the signing of the contract is "merely technical in nature", reports LETA.
Since only one person is currently a candidate to become a Privatization Agency (PA) board member, but two board member signatures are need to sign the Citadele sales agreement, today’s planned signing of the sales agreement to the U.S. fund Ripplewood will not go ahead, reports LETA.
The shareholders of Tallinn Stock Exchange-listed company Premia Foods approved at an extraordinary general meeting on Thursday of selling the ice cream and cold products business of Premia Foods to Latvian Food Union group owner Andrey Beskhmelnitskiy, LETA/Postimees Online reports.
Ahlstrom, a high performance fiber-based materials company Ahlstrom, celebrates the inauguration of its Service Center in Vilnius, Lithuania, reports LETA/ELTA.
During a shareholders’ meeting last week, shareholders of joint-stock power-supply company Latvenergo decided to enter into loan agreements with the winning bidders of the bank loan tender which was announced this past April to attract capital of up to EUR 150 million under the borrowed capital attraction plan, according to an announcement today at the ''Nasdaq'' Riga Stock Exchange, cites LETA.
Infortar, major shareholder of Estonian passenger shipping company Tallink, is interested in buying the whole of Estonian national carrier Estonian Air, Infortar's head Ain Hanschmidt said at a press conference on Wednesday, LETA/Postimees Online reports.
Mobile communications operator Bite Latvija (Bite) earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 3.4 million in the third quarter of 2014; this is 23% more than in the respective period of 2013, the company's director Fred Hrenchuk told the business portal Nozare.lv, informs LETA.
Financial (regularity) audits for the year 2013 carried out by the National Audit Office in Lithuania assessed whether decisions in particular public investment areas are always implemented at the lowest cost and meet the needs of the society, reports LETA/ELTA, referring to the audit office.
Speaking at the Swedish Business Awards ceremony, Prime Minister Taavi Rõivas acknowledged the cooperation between the two countries and invited businesses to continue on a shared path with bold, innovative ideas, reports BC government’s press service.
The government of Latvia decided on October 28th to agree on the Citadele banka (Citadele) sale agreements which stipulate that U.S. investor Ripplewood Holdings will be able to sell the bank's shares in two years time, informs LETA/Nozare.lv.
On Tuesday, Lithuanian Prime Minister Algirdas Butkevicius received the president of the American-Lithuanian Business Council, Eric Stewart, Vice President Luke Myers and other members of the Council, reported LETA/ELTA, referring to the prime minister's press service.
While Estonian people are showing more interest towards their retirement assets, the general level of awareness is quite low, Public Broadcasting cites a Swedbank survey.
The high-tech and intellectual technology manufacturer SIA Hanzas Elektronika has received EUR 4.7 million from Citadele Bank for refinancing purposes, as well as a loan of EUR 1.5 million to develop the company. This will allow Hanzas Elektronika to increase job numbers at its manufacturing facilities in Ogre and Ventspils, as well as to open a new engineering centre in Mārupe, reported BC head of corporate communications at Citadele Baiba Ābelniece.
Tripartite Social Summit urges EU member states’ governments and social partners towards creating more jobs and stimulating investment to provide growth.