International Internet Magazine. Baltic States news & analytics
Tuesday, 08.07.2025, 06:17
Eften acquires Domina shopping center in Riga, Latvia
EfTEN Kinnisvarafond II AS and KanAm Grund Kapitalverwaltungsgesellschaft mbH today announced BC that EfTEN has acquired the Domina Shopping Center from KanAm.
First Shell fuel stations in Latvia to be opened in July
The first Shell fuel retail stations will be opened in Latvia in July, and by the end of the year Shell plans to open a a total of ten fuel retail stations, the company’s representatives reported, cites LETA.
Estonia: OEG sells Hilton hotel building to East Capital for EUR 48 mln
Jessy Investments B.V., a company of the listed Estonian gaming operator Olympic Entertainment Group (OEG), entered into an agreement to sell to East Capital group company ECB3 Tallinn OU its 100 % holding in its Estonian subsidiary Kesklinna Hotelli OU that owns the hotel and entertainment complex in which the Hilton Tallinn Park hotel and OEG's flagship Olympic Park Casino are located, writes LETA.
Latvian Foreign Ministry asks residents to seriously consider travel to Turkey
In wake of Friday's coup attempt, the Foreign Ministry strongly recommends residents to seriously consider whether or not to travel to Turkey.
airBaltic postpones flight to Antalya
In relation to possible military coup in Turkey, Latvian national airline airBaltic has decided to postpone its Saturday morning flight from Riga to Antalya, the company’s representative Janis Vanags told LETA.
Eesti Energia planning to enter Poland's retail market in 2017
Eesti Energia expects to start retail sales of electric energy on the Polish retail market in 2017, an executive said after Finance Minister Sven Sester had endorsed the establishment of a subsidiary of the state-owned Estonian energy group in Poland, informs LETA/BNS.
SEB Group raises H1 profit in Latvia to EUR 34 mln
During the first half of 2016, SEB banking group generated EUR 34.1 mln in Latvian profit, up 90 % from the same period a year ago, the bank informed, LETA reports.
New light-vehicle registrations in the Baltic States jumped by 21% in II quarter 2016
New light-vehicle (M1&N1) registrations in the Baltic States increased by 21.0% to 19’929 units in II quarter 2016,BC informs AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia).
Elko Grupa becomes authorized dealer of Lenovo notebooks in Russia
Latvian IT wholesaler Eko Grupa has become an authorized reseller of Lenovo notebooks in Russia, the company’s representatives informed LETA.
Commission’s support for startups: easing access to finances
European Commission adopted two new “ready-to-use” financial instruments for ESI Funds investments, to ease access to funding for young businesses and urban development project promoters. However, business incentives in the Baltics are still different: 73% in Estonia compared with 39% in Latvia. The Baltic States have to accelerate assistance to SMEs.
Latvian-Chinese memorandum for cooperation in transport, logistics drafted
Latvian Transport Minister Uldis Augulis (Greens/Farmers) and Ning Jizhe, Vice-Chairman of China’s National Development and Reform Commission, have approved a draft memorandum on comprehensive Latvian-Chinese cooperation in transport and logistics that is to be signed during the 16+1 summit of the heads of government of China and 16 Central and Eastern European countries in Riga in November this year, according the Latvian Transport Ministry information writes LETA.
Chinese holding considering transportation of cargos through Riga port
This week’s visit of China’s holding China Merchants Group (CMG) to the Riga port gives hope that CMG is seriously considering a possibility of transportation of cargos from its Great Stone logistics center in Belarus via Riga port, said the Riga Freeport deputy administrator Edgars Suna, informs LETA.
Latvijas Dzelzcels signs protocol of intent on cooperation in development of rail traffic from China to Latvia
Joint-stock railroad company Latvijas Dzelzcels President Edvins Berzins and China Railway Corporation General Manager Sheng Guangzu have signed a protocol of intent on cooperation in the development of China Railway Express from China to Europe, LETA learned from the Transport Ministry.
Euromoney:Citadele Bank’s transformation best in Eastern European banking sector
- Latvia’s Citadele Bank has been declared Central and Eastern Europe’s Best Bank Transformation in the Euromoney Awards of Excellence 2016 survey by the Euromoney business and finance magazine, writes LETA.
Kino Citadele run by Forum Cinemas visited by 1.007 mln moviegoers
– Kino Citadele operated by film distributor Forum Cinemas last year was visited by 1.007 mln moviegoers, according to information available on Firmas.lv business database, informs LETA.It is slightly fewer than 1.03 mln people in 2014.
«The Baltic Course» Is Sold and Stays in Business!
