Date: 02.01.2020.

International Internet Magazine. Baltic States news & analytics Wednesday, 29.01.2020, 08:30

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Apax Partners given permission by Estonian watchdog to buy Auto24, VIN Solutions

Apax Partners given permission by Estonian watchdog to buy Auto24, VIN Solutions

02.01.2020

The Estonian Competition Authority on Tuesday gave permission to AllePal OU, managed by global private equity advisory firm Apax Partners, to acquire control over Auto24 AS and VIN Solutions on the condition that AllePal dispose of generalist classifieds portal Soov.ee, informed LETA/BNS.

Keyword tags: Estonia, Good for Business, Internet, Markets and Companies, Mergers and take-overs



Eesti Pank forecasts that the economy will start to lose momentum after running at full power

Eesti Pank forecasts that the economy will start to lose momentum after running at full power

02.01.2020

The Estonian economy will grow by 3.4% this year and 2.3% in 2020. Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade. Unemployment will rise in the coming years as the economy will start to cool, while more people than before will enter the labour market. Demand for additional labour will decline, but wage pressures will remain.

Estonia: Turnover of retail trade enterprises increased also in November

Estonia: Turnover of retail trade enterprises increased also in November

02.01.2020

According to Statistics Estonia, in November 2019, the turnover of retail trade enterprises was 628 mln euros. Turnover increased by 4% at constant prices compared to November 2018


Lithuania's Ignitis starts supplying gas to Finland

Lithuania's Ignitis starts supplying gas to Finland

02.01.2020

Ignitis, the electricity and gas supply arm of Lithuania's state-owned energy group Ignitis Group, has become one of the first players in the Finnish gas market which opened up for competition on January 1, Arturas Ketlerius, the head of public relations at Ignitis Group, told BC.

Estonia: Avg price of Tallinn apartments grows to EUR 2,170 per square meter in December

Estonia: Avg price of Tallinn apartments grows to EUR 2,170 per square meter in December

02.01.2020

The average price per square meter of Tallinn apartments grew 12.1% on year to 2,170.2 euros in December, informed LETA/BNS.


02.01.2020

Latvia: Police arrests gold and properties worth EUR 1.5 mln in large-scale drug business case

The State Police arrested gold worth EUR 350,466 and properties worth EUR 1.5 million as a result of investigation into of large-scale drug business, LETA learned from the police.

02.01.2020

Estonia: Home furnishings seller The Pier to cease operation

OU The Pier, a seller of home furnishings, is to cease activity in Estonia and close its stores at the Ulemiste Keskus shopping center in Tallinn and Lounakeskus mall in Tartu, informed LETA/BNS.

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