Investments

International Internet Magazine. Baltic States news & analytics Monday, 25.07.2016, 16:58

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Fortum to build 2nd district cooling plant in Tartu for EUR 5.3 mln

Fortum to build 2nd district cooling plant in Tartu for EUR 5.3 mln

25.07.2016

The heat provider Fortum has decided to build its second district cooling plant in Estonia's second-largest city Tartu for 5.3 mln euros, the daily Eesti Paevaleht reports, cites LETA/BNS.

Keyword tags: Energy Market, Estonia, Investments



LNK Properties will invest 7 mln euros in construction of a residential complex in Jurmala

LNK Properties will invest 7 mln euros in construction of a residential complex in Jurmala

22.07.2016

At the end of July, the LNK Properties department of real estate development of the LNK Group holding company will begin construction works within the framework of a new business-class residential project on 10, Jasminu Street in Bulduri, Jurmala. LNK Properties will invest a total of 7 mmln euros in the project, LNK told BC.

A Startup Wise Guys portfolio company Shipitwise in Estonia hits the 2,5 mln euro valuation

A Startup Wise Guys portfolio company Shipitwise in Estonia hits the 2,5 mln euro valuation

21.07.2016

Hassle-free shipping solution startup Shipitwise (Estonia) has successfully closed its Funderbeam campaign, increasing its valuation to 2.5 million euro, only 3 months after graduating from B2B accelerator Startup Wise Guys (SWG) 6th batch last April. Thus Shipitwise joins the club of Vitafields, Investly, coModule, Leaf, sportID and other startups accelerated by SWG and reaching valuations above 2 million euro, informed BC company's press service.


28 projects worth EUR 312 mln approved for renovation of roads in Latvia

28 projects worth EUR 312 mln approved for renovation of roads in Latvia

20.07.2016

The Latvian Central Finance and Contracting Agency has approved projects for renovation of roads with financing from the EU Cohesion Fund – 13 projects for renovation of main public roads with total value of EUR 183.5 mln and 15 projects for renovation of regional roads with total value of EUR 128.7 mln, the state-owned road maintenance Latvijas Valsts Celi (LVC) told LETA.

Riga to host international technology, lifestyle and start-up conference Digital Freedom Festival

Riga to host international technology, lifestyle and start-up conference Digital Freedom Festival

20.07.2016

At the end of November, Riga will host the technology and start-up conference Digital Freedom Festival (DFF). The conference will bring together over 1000 technology and start-up entrepreneurs, experts, policymakers, investors and inspirational speakers from all over the world, BC was informed by the organizers of the event.


20.07.2016

EUR 1.7 mln to be invested in modernization of Sky&More shopping center in Riga

A total of EUR 1.7 mln will be invested in expansion and modernization of Sky&More shopping center in Riga by the end of this year, Sky&More Director Kristine Kopce-Lumane told LETA.

18.07.2016

Adven set to invest EUR 12 mln in Estonia in next 3 years

The energy company Adven Eesti has endorsed an investment plan for 2017-2020 according to which it will invest 12 mln euros over the next three years to switch 13 remote heating areas to biomass fueled heating and overhaul remote heating networks, informs LETA/BNS.

08.07.2016

Investments have improved Estonia's economic situation - EKI experts

Experts of the Institute of Economic Research (EKI) in June rated the current state of the Estonian economy with 5.2 points on a scale of 1 to 9, which is a 0.6 point improvement over March.

07.07.2016

Shares of Latvia’s HansaMatrix high-tech company to be listed on Nasdaq Baltic Main List as of July 12,2016

The share listing of HansaMatrix comes after the company’s recent private placement of new and existing shares to various investors, including a number of Baltic pension funds. After the most recent capital increase, HansaMatrix’s share capital consists of 1,829,381 ordinary shares with a nominal value of EUR 1 per share. All the shares will be listed on the Nasdaq Baltic Main List, told bourse.

05.07.2016

Latvijas Pasts fails to meet 70% of its 2015 investment plan

Latvijas Pasts postal company failed to meet nearly 70% of its investment plan for 2015, reports LETA.

04.07.2016

EUR 15 mln invested in renovation of Semarah Hotel Lielupe SPA & Conferences

About EUR 15 mln have been invested in renovation fo Semara Hotel Lielupe SPA & Conferences in Latvia’s seaside resort Jurmala, writes LETA according to the hotel’s representatives reported.

01.07.2016

EUR 8.1 mln invested in reconstruction of Riga Motor Museum

A total of EUR 8.1 million has been invested in reconstruction of the Riga Motor Museum, as the Road Traffic Safety Directorate CEO Andris Lukstins told LETA today.

01.07.2016

Bega stevedoring company plans to invest EUR 25 mln over 3 yrs

Lithuania's stevedoring company Bega is planning to invest, over the next three years, 25 million euros in a development program that is expected to increase its annual cargo handling potential by more than one-third to over 10 million tons, the business daily Verslo Zinios reported on Friday, cites LETA/BNS.

01.07.2016

Estonia should consider selling Muuga port to Chinese investors

The government should consider privatization of the port of Muuga, Estonia's main merchant port east of Tallinn owned by the state-run Port of Tallinn, the transit businessman Endel Siff says, cites LETA/BNS.

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