International Internet Magazine. Baltic States news & analytics
Wednesday, 01.04.2020, 23:48
Latvia: A surge reported for foreign direct investment in the third quarter
06.01.2020The current account of Latvia's balance of payments ran a 296 mln euro deficit amounting to 3.7% of gross domestic product (GDP) in the third quarter of 2019.
Keyword tags: Analytics, Banks, Direct Speech, Financial Services, Investments, Latvia
Multinational fund might have won auction of Gazprom's shares in Latvia's Conexus
06.01.2020A multinational fund is thought to be the winning bidder in an auction selling Russian gas giant Gazprom's stake in Conexus Baltic Grid (Conexus), the Latvian natural gas transmission and storage operator, according to unconfirmed information obtained by LETA.
Riga Street Food Festival to take place in Riga's Old Town in mid-January
06.01.2020Riga Street Food Festival, organized by the Riga Tourism Development Bureau, will take place in Riga's Old Town in mid-January, as the Riga Tourism Development Bureau's board chairman Guntars Grinvalds told BC.
Klaipeda port's annual cargo traffic down 0.8% to 46.2 mln tons
06.01.2020The Lithuanian seaport of Klaipeda handled a total of 46.22 mln tons of cargo last year, down 0.8% from the 2018 all-time high of 46.58 mln tons, the port authority said LETA/BNS.
Lithuania's avg wholesale electricity price drops 24% w-o-w - Litgrid
06.01.2020Lithuania's average wholesale electricity price dropped by 24% last week compared with a week earlier, Litgrid said LETA/BNS.
Fuel prices unaffected by rising Brent crude yet - Lithuanian analysts
Lithuanian analysts say the current Brent crude price, at around 70 US dollars per barrel, is "normal", but it could shoot up if, for example, the United States imposed sanctions on Iraq, adding that fuel prices at the pump could rise more significantly if the international benchmark soared to at least 80 US dollars, writes LETA/BNS.
Apranga Group extends franchise agreement with Inditex
The listed Lithuanian clothing company Apranga Group, which also operates in Latvia and Estonia, has extended its franchise agreement with the Spanish fashion retailer Inditex.
Corona virus: lessons for the Baltic States
