International Internet Magazine. Baltic States news & analytics
Thursday, 30.03.2017, 09:43
Ringier Axel Springer Media AG on Wednesday acquired 100 percent of the shares in CV Keskus OU, operator of the job classifieds sites cvkeskus.ee in Estonia, cvmarket.lv in Latvia and cvmarket.lt in Lithuania, reports LETA/BNS.
Keyword tags: EU – Baltic States, Financial Services, Good for Business, Internet, Investments, Labour-market, Mergers and take-overs
Sales revenue of the power management and automated systems manufacturer ABB AS, Estonian unit of the international ABB group, increased 18 % last year to 183 mln euros, LETA/BNS informed.
Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”), BC was told at the Creamfinance.
The embankments used by Vakaru Laivu Gamykla (Western Shipyard, or VLG), a Lithuanian shipbuilding and repairing group controlled by Estonia's BLRT Grupp, will be reconstructed by construction company Hidrostatyba and Latvia's BMGS for 14.837 mln euros, reports LETA/BNS.
Lithuanian furniture and interior design retailer Berry has invested over EUR 1 mln in its first store in Latvia which will open in Riga in late March, the company announced LETA/BNS.
The state owned Estonian energy group Eesti Energia is about to invest 52.5 mln euros in Attarat Power Company (APCO), a company set up to carry out a large scale, oil shale based power generating project in Jordan, reports LETA/BNS.
Attarat Power Company (APCO) has announced that it has reached financial close for the 2.1-billion-U.S.-dollar project to build the first oil shale fired power station and open cast mine in Jordan, reports Eesti Energi.
Progress has been reported in the Kaunas combined heat and power ( CHP ) plant project that has been subject to heated discussions – 75 million euros worth of contracts were Thursday signed with German, Finnish, French and Czech companies, writes LETA/BNS.
Latvia’s 3D display manufacturer LightSpace Technologies has opened its 3D image display technology demonstration office in Silicon Valley, San Jose, US, the company’s representatives reported.
Certification of Tukums Airport may be quite complicated and it could take a while, as the new investor in the airport, businessman Raimonds Kisiels told reporters today.
The Lithuanian central bank governor said on Tuesday that a new bank might enter the market this year, but he gave no further details. According to information available to LETA/BNS, it could be a Chinese bank or financial institution.
Last year the Estonian electricity distribution system operator Elektrilevi invested 88.5 mln euros in assuring and increasing quality, building 253 substations and 2,699 kilometers of new lines, reports company.
SIA Sky Port, located in Engure municipality and previously known as Tukums Airport, has acquired a new strategic investor Raimonds Kisiels, BC informed Skay Port`s representative.