International Internet Magazine. Baltic States news & analytics
Monday, 24.10.2016, 18:53
The Presidential Chancery will be launching a new web-page in the near future, according to information on the Presidential Chancery's web-page, noted LETA.
Keyword tags: Internet, Investments, Latvia, Markets and Companies, Technology
Enefit Outotec Technology (EOT), a joint technology development venture of the Estonian state owned energy group Eesti Energia and the listed Finnish technology services company Outotec, has recently tested oil shale from several countries, including China, Mongolia and Burma, with a view to its commercial use, reports LETA/BNS.
Lithuania plans to spend over 170 mln euros on information and communication technology (ICT) development over the next three years, with a large portion of the money to go toward making various public and administrative services available online, writes LETA/BNS.
The attempts to stop Lidl investments in a building in Vilnius are unacceptable, and all obstacles on the path should be removed, Diana Varnaite, director of the Lithuanian Cultural Heritage Department says LETA/BNS.
According to the information from the Central Statistical Bureau, the turnover of Latvian external trade of goods in August 2016 increased by 8.5% month-on-month, with the goods export and import growing respectively by 9.9% and 7.4%. Compared to August 2015, the export value of goods increased by 9.7% and import value dropped by 0.7%.
The prices received for milk by Lithuania's largest milk farms already allow them to operate at a profit, revise employee salaries and even reopen long-forgotten investment projects, writes LETA/BNS according to Verslo Zinios business daily said.
Lithuania has been chosen as the location for one of two settlement centers between the European Union and China due to broad attitude of Lithuanians, friendly bureaucrats and recommendations of Chinese companies investing in Klaipeda, says LETA/BNS Luo Feng, CEO of Hong Kong's financial technologies company International Business Settlement (IBS).
The NASDAQ-listed pharmaceutical company Teligent that opened a laboratory costing almost a million euros in Tallinn last week will focus on analytical chemistry in the initial phase but has set its sights also on conducting product development for various generic drugs here in the future, informed LETA/BNS.
The Estonian logistics startup Shipitwise has opened a new investment syndicate on the Funderbeam platform aimed to raise 100,000 euros to further its goal of building a global company covering most of the regions in the world, writes LETA/BNS.
After Lithuania's court of appeals has suspended the contract of construction of the waste burning part of the Vilnius Cogeneration Power Plant, the state-owned energy group Lietuvos Energija (Lithuanian Energy) intends to ask Japan's Hitachi energy corporation that filed the suit over the tender to compensate possible damages to the power utility and heating consumers, reports LETA/BNS.
– The Estonian Financial Supervision Authority on Oct. 10 registered the terms and conditions of Birdeye Timber Fund 2, an Estonian real estate investment fund investing in forest land that has Estonian pension funds of Swedbank and pension funds of LHV as anchor investors, reports LETA/BNS.
altic private equity fund Livonia Partners has agreed to acquire Hortes, a leading home and gardening product retailer in Estonia, adding a second company to its portfolio this year, reports LETA.
Startups in Latvia turned over EUR 13.6 bln the past three years, as Development Finance Institution Altum board chairman Reinis Berzins said today during the presentation of Firmas.lv and LETA's Latvian Business Annual Report 2016.
Estonian bakery company Leibur plans to invest eight million euros in new equipment next year to expand production and increase export, writes LETA/BNS.
Lithuania's foreign direct investments in Estonia shrank by 58.8% y-o-y to 89.4 mln euros in the first half of 2016, while investments in Cyprus soared by 43% to 277.6 mln euros, the Verslo Zinios business daily said on Friday, writes LETA/BNS.