International Internet Magazine. Baltic States news & analytics
Monday, 26.09.2016, 15:13
Latvia’s Madara Cosmetics company has invested almost EUR 3.5 mln in its new plant, the company’s director Uldis Iltners reported LETA.
Keyword tags: Good for Business, Investments, Latvia, Markets and Companies, Technology
According to the head of the United States Energy Association (USEA), Barry K. Worthington, the Utah oil shale development project of Estonia's state-owned energy group Eesti Energia has much support and a great likelihood of success, reports LETA/BNS.
In cooperation with the Latvian Start-up association Startin.LV and IT co-working space TechHub Riga, the financial technology company TWINO is taking a Latvian delegation of start-ups to Europe's leading and most prestigious event for new companies, SLUSH, TWINO representative informs BC.
Estonia’s foreign direct investment position at the end of 2015 put it behind only Hungary in volume among the newer European members from Central and Eastern Europe.The Estonian current account in 2015 posted its largest surplus since independence was regained.Both exports and imports of goods and services were down last year, but imports by more.The current account was affected by large dividends paid out by the banking sector, informed Bank of Estonia.
The amount of foreign direct investment in Latvia reduced steeply in the first half of this year, as representatives from the Economics Ministry and Latvian Investment and Development Agency told Saeima Foreign Affairs Committee today, writes LETA/BNS.
Novira Capital has renovated a 8,000-square-meter commercial property in Central Tallinn that will serve as home to offices and a four-star hotel operated by Unique Hotels, writes LETA/BNS.
The authorities of Ukraine will do everything to protect the investments of Estonian businessman Marcel Vichmann in Zatoka village of the Odessa region, where local criminals have been hindering investment, Ukrainian Prime Minister Vladimir Groysman and Odessa regional governor Mihkeil Saakashvili said, reports LETA/BNS.
Lithuania recorded a current account deficit of 417.3 mln euros for the first half of this year, which accounted for 2.3 % of GDP for the period, the central bank said.
The Baltic-Polish venture capital fund BPM Mezzanine Fund has invested an undisclosed amount of money in the paint producer Eskaro AS, a subsidiary of Eskaro Group AB, BPM mezzanine Fund representative informs BC.
The new Lithuanian law on the legal status of foreigners will make it more difficult for the majority of businessmen from third countries to live and do business in the Baltic state – they will have to invest more than they used to, lawyers say. More privileges are envisaged for foreigners engaged in innovative operations, LETA/BNS reported according to the Verslo Zinios business daily.
Commission President J.-C. Juncker delivered a regular State of the European Union address at the European Parliament on 14th of September. The address reveals the EU’s achievements of the past year and presents priorities for the year ahead. Besides it sets out the ways the Commission will take to deal with the most pressing challenges facing the EU.
The Estonian government wishes to speed up the implementation of European Union structural support of the current period and to also bring forward major investments, so as to invigorate the economy and raise people's standard of living, informs LETA/BNS.
This year, Lithuania’s economy expanded more than last year; however, deteriorating investments and the UK’s decision to leave the European Union (EU) will hinder economic growth. Increasing household income and the expected rise in domestic consumption will offset the negative factors.
A new complex of apartment buildings, an office complex, and a research center will be built in Zakusala, Riga City Architect Gvido Princis told LETA.