Investments

International Internet Magazine. Baltic States news & analytics Tuesday, 04.08.2015, 18:50

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KVV Liepajas metalurgs workers inform the state officials about complicated situation at the company

KVV Liepajas metalurgs workers inform the state officials about complicated situation at the company

04.08.2015

Several former and current workers at the joint-stock metallurgical company KVV Liepajas metalurgs have sent an open letter to top state officials, to inform them about the complicated situation at the company and calling for a solution, reports LETA.

Keyword tags: Employment, EU – Baltic States, Investments, Latvia, Legislation, Markets and Companies, Metals Market



Latvenergo’s green bonds receive Moody’s credit rating

Latvenergo’s green bonds receive Moody’s credit rating

04.08.2015

The international credit rating agency Moody's Investors Service (Moody’s) has assigned a "Baa2" credit rating and a stable outlook to the green bonds issued by Latvenergo. At the same time, the agency has affirmed the credit rating of Latvenergo at "Baa2" level with a stable perspective, which was assigned to the company in February 2015, reports LETA.

Estonian Arco Vara establishes real estate investment fund in Bulgaria

Estonian Arco Vara establishes real estate investment fund in Bulgaria

04.08.2015

On 31 July 2015, Bulgarian Commercial Registry registered Arco Real Estate Fund REIT with paid-up initial capital in the amount of 256 thousand EUR, Arco Vara informed the Tallinn Stock Exchange, cites LETA.


Latvian Cemex turns over EUR 86.9 mln in 2014

Latvian Cemex turns over EUR 86.9 mln in 2014

04.08.2015

The Latvian construction materials manufacturer Cemex turned over EUR 86.9 million in 2014, maintaining this year's turnover on the level of the previous year, the company announced LETA.

Klaipedos Nafta to invest EUR 40 mln in new infrastructure

Klaipedos Nafta to invest EUR 40 mln in new infrastructure

03.08.2015

Klaipedos Nafta, the operator of the Klaipeda Oil Terminal based in Klaipeda, is planning to invest around EUR 9.5 million in the expansion of the oil terminal's infrastructure, while investment in a new over ground liquefied natural gas (LNG) distribution station investment project will seek EUR 27 million, reports LETA/ELTA.

31.07.2015

Swedbank issues EUR 11 mln loan to Kekava and Lielzeltini

Swedbank has issued more than EUR 11 million to Latvian poultry companies Putnu fabrika Kekava and Lielzeltini, which will use the loan over a period of three years in order to renovate poultry farms, modernize processing plants, and purchase new equipment, reports LETA, according to the bank's board member Reinis Rubenis.

31.07.2015

Elering posts 5.5 mln euros loss in Q2

Estonian state-owned main grid operator Elering posted a net loss of 5.5 million euros in the second quarter of the year 2015, LETA/Public Broadcasting reports.

31.07.2015

Estonian stabilisation reserve increased by 1.4% in June y-o-y

As of the end of June 2015, the Estonian stabilisation reserve volume was 373 million EUR in market value; the volume of the reserve grew by 5 million EUR or 1.4% in a year, LETA/Postimees Online reports.

30.07.2015

Gaujas koks profit up 8%; new factory to be built in Latvian Vangazi

The Latvian wood processing company Gaujas koks turned over EUR 55.85 million in 2014, which is 1% more as compared with EUR 55.74 million in 2014, reports LETA, according to Firmas.lv information.

30.07.2015

Despite 3% increase in turnover, Rigas satiksme posted EUR 4.6 mln in losses in 2014

The Riga municipal public transportation company Rigas satiksme achieved a 3% increase in turnover last year, reaching EUR 144.7 million, reports LETA, according to Firmas.lv.

29.07.2015

EUR 390,000 state support granted to 14 Lithuanian film projects

The Lithuanian Film Centre has granted EUR 390,378 of state funding for 14 national film projects. 9 projects – including one interactive project – were granted financial assistance for development, and 5 film projects – two features, one documentary, one short animation, and one short fiction film – received support for the production, the Centre reported LETA/ELTA.

29.07.2015

airBaltic in talks with two prospective investors and Baltic countries

The national airline airBaltic is currently in talks with two prospective investors – aviation companies, the possibility to involve all three Baltic countries in airBaltic is also under consideration, Transport Minister Anrijs Matiss (Unity) told LNT television this morning, reports LETA.

28.07.2015

Government expenditures in the EU: hiding national priorities

Main present “measurement key” in the national economy is GDP, i.e. size of gross domestic product. However, generally the states’ progress are measured by the governments’ expenditures, which among EU-28 states are about half of the GDP. Recent Eurostat’s account proves that. In order to get a closer look at the issue, we provide examples from the United States’ government expenditure.

28.07.2015

Lithuanian Vilkyskiu Pienine signs contract on connection to gas distribution system

Lithuanian dairy Vilkyskiu Pienine AB has signed a contract on connection to a gas distribution system with the energy company Lietuvos Dujos AB. Gas supply to the dairy farm is expected from the fourth quarter of 2016, the dairy reports LETA/ELTA.

27.07.2015

Moody’s affirms Estonia's A1 government bond rating

Moody’s Investors Service announced that it affirmed Estonia's A1 government bond rating with a stable outlook, informs LETA.

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