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Monday, 25.07.2016, 16:58
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
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.
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.
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.
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.
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.
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.
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.
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.
Latvijas Pasts postal company failed to meet nearly 70% of its investment plan for 2015, reports LETA.
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.
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.
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.
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.