Investments

International Internet Magazine. Baltic States news & analytics Thursday, 21.06.2018, 16:59

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Pulp mill national spatial plan failed due to absence of cooperation in Estonia

Pulp mill national spatial plan failed due to absence of cooperation in Estonia

21.06.2018

According to members of the Estonian government, the national designated spatial plan for a pulp mill in South Estonia failed as there was not enough cooperation with the local government and community when initiating the plan, informs LETA/BNS.

Keyword tags: Estonia, Investments, Legislation, Markets and Companies



Loss of Kohila Vineer grows to EUR 6.6 mln in 2017

Loss of Kohila Vineer grows to EUR 6.6 mln in 2017

21.06.2018

OU Kohila Vineer, plywood manufacturing company of the Latvian Latvijas Finieris group in Estonia which expanded its production in 2016, in 2017 increased its revenue by 115.6% to 17.5 million euros, while net loss grew by 121.8% to 6.6 million euros, informs LETA/BNS.

Investment into electronic communications infrastructure grew 16% in Lithuania in Q1

Investment into electronic communications infrastructure grew 16% in Lithuania in Q1

20.06.2018

Revenue of Lithuania's electronic communications market stood at 167.9 million euros in the first quarter of 2018, up 1.6% from 165.28 million euros in the same period last year, figures from the Communications Regulatory Authority show, cites LETA/BNS.


Brexit sparks Irish businessmen's interest in Lithuanian market

Brexit sparks Irish businessmen's interest in Lithuanian market

20.06.2018

Irish businessmen concerned about the upcoming Brexit are becoming more and more interested in the Lithuanian market, informs LETA/BNS.

Personal identification services company Veriff raises USD 7.7 mln

Personal identification services company Veriff raises USD 7.7 mln

19.06.2018

Estonian personal identification services startup Veriff has raised 7.7 million dollars, with the leading investor being Mosaic Ventures, reports LETA/BNS.


19.06.2018

Estonian research to get EUR 8 mln from EEA program

A program agreement was signed between Estonia, Iceland, Liechtenstein and Norway on June 18th, according to which Estonia will utilize more than eight million euros' worth of support of the European Economic Area (EEA) Financial Mechanism Programme for carrying out research and higher education cooperation projects, reports LETA.

19.06.2018

VKG launched EUR 1.5 mln pipe conveyor in Estonia

The northeast Estonian shale oil producing company Viru Keemia Grupp (VKG) in spring launched a 1.5 million euro Kiviter pipe conveyor, while previously, waste was transported from factories to the disposal area by cars, informs LETA/BNS.

18.06.2018

Lido invests EUR 830,000 in renovation of Vermanitis self-service restaurant

Vermanitis, a popular self-service restaurant of the Lido chain in the Riga center, reopened on June15th after a month-long renovation, informs LETA.

15.06.2018

Kaunas, whole Lithuania will have new stadium in 20 months

Kaunas, Lithuania's second-largest city, will start the reconstruction of its Darius and Girenas Stadium in early July after the city signed a contract with contractors. Kaunas should have a new stadium in 20 months, the city's mayor says, cites LETA/BNS.

15.06.2018

5 counties to receive EUR 20 mln from Enterprise Estonia for investments

Enterprise Estonia (EAS) has supported 20 projects aimed at strengthening regional competitiveness in Jarva, Laane, Tartu, Viljandi and Valga counties with approximately 20 million euros, informs LETA/BNS.

14.06.2018

Estonian, Lithuanian transport ministers discussed Rail Baltica, Via Baltica

Construction of the Rail Baltic rail link, further developing of the Via Baltica road link and cooperation in general were the main topics discussed during a meeting of Estonia's Minister of Economic Affairs and Infrastructure Kadri Simson and Lithuania's Minister of Transport and Communications Rokas Masiulis in Vilnius on June 13th, informs LETA/BNS.

14.06.2018

EUR 990,000 to be spent on integration of AI in public e-services in Latvia

The Latvian Ministry of Environment and Regional Development (VARAM) plans to allocate EUR 990,000 for integration of artificial intelligence (AI) in the e-services provided by the public administration institutions, the ministry's deputy state secretary for information and communication, Edmunds Belskis, said at the presentation of Una, the virtual assistant of the Latvian Enterprise Register, on June 13th, reports LETA.

13.06.2018

Tallinna Sadam surges almost 20% within minutes

The turnover of the share of Tallinna Sadam, the port company making its debut on the Tallinn stock exchange on Wednesday, crossed the one-million-euro mark seven minutes into the session after opening at 2.05 euros, which means that it moved up almost 20% within minutes, informs LETA/BNS.

13.06.2018

Bior institute to spend EUR 6.5 mln on fish stock research center

The Institute of Food Safety, Animal Health and Environment Bior plans to invest EUR 6.5 million in developing a fish stock research center, LETA was told at the institute.

12.06.2018

Estonia to buy EUR 50 mln worth of Mistral missiles

The Estonian Center for Defense Investment has signed a contract on the purchase of short range air defense systems from the French armaments manufacturer MBDA France, planning to buy 50 million euros' worth of missiles and training equipment, informs LETA/BNS.

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