Investments

International Internet Magazine. Baltic States news & analytics Saturday, 07.12.2019, 12:09

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Italy's Etea Group plans to build large distillery in Lithuania's Panevezys

Italy's Etea Group plans to build large distillery in Lithuania's Panevezys

03.12.2019

Italy's Etea Group is planning to build a facility in Lithuania's northern city of Panevezys to produce ethyl alcohol from residual materials from wheat processing, the business daily Verslo Zinios reported on Tuesday.

Keyword tags: Alcohol, EU – Baltic States, Good for Business, Industry, Investments, Lithuania, Markets and Companies



Local capital banks are ready to invest EUR 220 million in the Latvian economy

Local capital banks are ready to invest EUR 220 million in the Latvian economy

29.11.2019

Changes in the Latvian banking industry, the increased attention to it from international organisations, and the challenges of the time required Latvian banks to seriously restructure development models and search for the new ones. In a short time, these tasks were successfully completed by the small mobile banks with local capital that managed to find their niche in the financial market and prove to be necessary for the Latvian economy.

KFC planning to open over 20 restaurants in Baltics in next 3 years

KFC planning to open over 20 restaurants in Baltics in next 3 years

29.11.2019

Apollo Group OU, the biggest entertainment provider in Estonia, is to open over 20 more Kentucky Fried Chicken (KFC) restaurants in the Baltic countries in the next three years and KFC will also be added to Apollo Group's loyalty program, informed LETA/BNS.


Latvian monetary financial institutions profit drops 41%

Latvian monetary financial institutions profit drops 41%

29.11.2019

Latvian monetary financial institutions (mainly banks) earned EUR 148.5 mln in aggregate profit in the first ten months of 2019, down 41% from the same period a year ago, the Bank of Latvia reported.

Lithuania's Delano invests EUR 1 mln in expansion in 201

Lithuania's Delano invests EUR 1 mln in expansion in 201

29.11.2019

Delano, the operator of over 50 food service outlets, plans to open five new cafes and three restaurants in 2020 and aims to grow revenue by more than 8% next year, informed LETA/BNS according to the business daily Verslo Zinios.


28.11.2019

Coop Bank’s IPO: another growing Estonian bank

Initial Public Offering on Baltic market is a rare event; therefore, it is always in the center of attention and local investors are closely watching how successfully it will turn out. During last four years 5 new companies were successfully listed on the Baltic market: Novaturas, LHV Group, Eften III Real Estate Fund, HansaMatrix, Tallina Sadam and there was also one unsuccessful IPO attempt of Citadele Bank.

28.11.2019

Used clothes startup Vinted becomes Lithuania's 1st 'unicorn'

Online second-hand clothing marketplace Vinted has raised 128 mln euros in a funding round, making it Lithuania's first "unicorn", a startup company valued at over 1 bn euros, informed LETA/BNS.

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