International Internet Magazine. Baltic States news & analytics
Wednesday, 29.03.2017, 00:28
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.
Keyword tags: Estonia, EU – Baltic States, Good for Business, Industry, Investments, Markets and Companies
The listed Estonian gaming operator Olympic Entertainment Group AS (OEG) has initiated proceedings to delist its shares from the main market of the Warsaw Stock Exchange, after the completion of which the stock will remain listed only on the Tallinn stock exchange.
The Estonian bus operator Lux Express is about to start operating regular services within Russia, specifically the St. Petersburg-Moscow and St. Petersburg-Pskov routes, this summer, LETA/BNS writes accordgin to the Postimees.
More than 40 tenders are to be announced as part of the Rail Baltica European-gauge railroad project this year, LETA was told at the joint Baltic company RB Rail coordinating the Rail Baltica project.
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.
Connected Baltics OÜ the exclusive Sigfox operator of the world’s leading provider of connectivity for the Internet of Things (IoT), and Telia Estonia Ltd the market leader telecom operator in Estonia, announced today that they have entered the partnership to integrate Sigfox’s low-powered connectivity into the operator’s managed IoT solutions to complement Telia’s offering, Connected Baltic OU representative informed BC.
Nokia malware report reveals new all-time high in mobile device infections and major IoT device security vulnerabilities
Nokia today issued its latest Threat Intelligence Report, revealing a new all-time high in mobile device malware infections, a sharp increase in compromised smartphones and major IoT device security vulnerabilities.
The summer flight season will start on Sunday, 26 March, and this year 89 destinations will be available to passengers travelling from Riga International Airport, the airport`s representative informed BC.
During the first two months of this year Riga International Coach Terminal saw the number of passengers drop 7.6% from the same period a year ago to 232,421 people, LETA was told at the terminal.
The European Court of Justice has dismissed the action Estonia filed in the spring of 2015 to get back from the European Union the 34.3 mln euros that Estonia paid as penalty for excessive stocks of sugar, reports LETA/BNS,
Amber Beverage Group alcohol wholesaler has acquired the joint-stock company Interbaltija AG, Dana Hasana, a spokeswoman for Amber Beverage Group, told BC.
Another attempt to use EU funds to build an automotive oil recycling facility is being planned in Lithuania after the first such enterprise, which obtained 2.3 mln euros in investments back in 2009, has not yet launched operations, LETA/BNS writes according to the business daily Verslo Zinios.
The airport of Tallinn will on Sunday launch its summer schedule which features direct flights to 36 destinations, reports LETA/BNS.
Broader export opportunities are opening up for Lithuanian meat processors in the wake of Brazil's spoiled meat and corruption scandal involving two large international companies, JBS and BRF, and several tens of smaller market players, reported LETA/BNS according to the business daily Verslo Zinios.