Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 19.04.2018, 14:36

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East Capital purchases Galleria Riga shopping center

East Capital purchases Galleria Riga shopping center

19.04.2018

The property fund East Capital Baltic Property Fund III, which is part of the East Capital asset management company, has purchased the Galleria Riga shopping center in Riga, East Capital informed LETA.

Keyword tags: Investments, Latvia, Markets and Companies, Mergers and take-overs, Real Estate



Maxima, Latvijas Dzelzcels and Rimi are Latvia’s largest employers

Maxima, Latvijas Dzelzcels and Rimi are Latvia’s largest employers

19.04.2018

Latvijas Dzelzcels state-owned railway company, and Maxima and Rimi retailers were the largest employers in Latvia, writes LETA. according to the State Revenue Service.

One of Europe's most dangerous gangs disbanded in Lithuania

One of Europe's most dangerous gangs disbanded in Lithuania

19.04.2018

Lithuanian police detained 19 people linked to an organized crime group during a large-scale operation in the country's second-biggest city of Kaunas on April 17th, reports LETA/BNS.


British Steel company wishes to acquire KVV Liepajas Metalurgs

British Steel company wishes to acquire KVV Liepajas Metalurgs

19.04.2018

The British Steel consortium has repeatedly voiced a wish to purchase Latvia’s insolvent KVV Liepajas Metalurgs steelworks as a whole, according to a letter written by British Steel at the disposal of LETA.

Rimi-Iki deal canceled in Lithuania

Rimi-Iki deal canceled in Lithuania

19.04.2018

A 213-million-euro deal on the acquisition by Rimi Lietuva, a Lithuanian retail chain owned by Sweden's ICA Gruppen, of Iki, a rival chain owned by Palink, is being cancelled, informs LETA/BNS.


18.04.2018

Almost a half Estonian enterprises are innovative

According to Statistics Estonia, 47.7% of Estonian enterprises were innovative in 2016. Industrial enterprises are the most active innovators.

18.04.2018

Net earnings of Technopolis Ulemiste surge by 68% in 2017

AS Technopolis Ulemiste, developer of the Ulemiste City complex of commercial properties in Tallinn, saw its net profit surge 68% year on year to 12 million euros in 2017, while its revenue increased 5% to 13.6 million euros, informs LETA/BNS.

18.04.2018

Baltic translations of Fox content being "adjusted" along Russian guidelines

The original content of Fox TV channel is translated for Baltic audiences along guidelines that have been developed in Russia and require glossing over certain topics seen as sensitive by Russian censors, informs LETA.

18.04.2018

Ministry keen to boost export of Chinese e-goods via Estonia

Estonia is interested in tapping into e-platforms to increase the flows of goods from China via Estonia, the Estonian Ministry of Economic Affairs and Communications said, cites LETA/BNS.

18.04.2018

Porzingis had 7th most sold jersey in NBA this season

According to information from the National Basketball Association (NBA), Latvian big-man Kristaps Porzingis (New York Knicks) was seventh in jersey sales in the NBA this season, informs LETA.

18.04.2018

Charges in Lithuania's political corruption case - bribes for laws, procurement, posts

Raimondas Kurlianskis, former vice-president of the Lithuanian MG Baltic concern, is charged with paying bribes to politicians for influence to adoption of laws, determining winners of public procurement tenders and appointment of officials, law-enforcement said on April 17th, informs LETA/BNS.

18.04.2018

Companies in Latvia to be able to combine several tax payments into one

The Latvian Cabinet of Ministers on April 17th approved several legislative proposals by the Finance Ministry to unify the deadlines for regular payments of taxes administrated by the State Revenue Service, reports LETA.

18.04.2018

Rent of Tallinn commercial spaces up by 70% in February y-o-y

The average rent of commercial properties offered for rent in Tallinn has grown 70% year over year to 11.7 euros per square meter in February 2018, it appears from statistics compiled by the real estate classifieds website City24, cites LETA/BNS.

17.04.2018

UAE ambassador inquired about business conditions in Rezekne SEZ

The Ambassador of the United Arab Emirates (UAE) to Latvia, Hanan Khalfan Al Aleeli, during her visit to Rezekne, eastern Latvia, inquired about the export markets of the local companies and the business conditions in the Rezekne Special Economic Zone (SEZ), the Rezekne city government informed LETA.

17.04.2018

Lattelecom has limited options for restricting TV content available to viewers

Telecommunications company Lattelecom has very limited options for restricting television content available to viewers, given that TV content is often also freely available on the Internet, Lattelecom Legal Department Director Toms Meisitis said in an interview with Latvian Radio today while commenting on a recent call for agreeing on a joint plan for limiting Russian propaganda channels in Latvia, informs LETA.

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