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Monday, 19.05.2025, 06:00
China's Hangxin completes acquisition of Estonian Magnetic MRO
The Chinese company Guangzhou Hangxin Aviation Technology has completed the acquisition of the Tallinn-based full-service aircraft maintenance company Magnetic MRO, informs LETA/BNS.
Malmar plans to build plant in Klaipeda
Malmar, a Belgian custom-made metal component manufacturer for automotive and construction industries, will build a new sheet metal production facility in Klaipeda, Invest Lithuania said last week, reports LETA/BNS.
Lithuania introduces world's 1st security ICOs platform
Lithuania is introducing the world's first security ICO crowdfunding platform, DESICO, aimed at creating a safe and legally regulated environment for startups and investors to develop fintech and blockchain technologies, the Finance Ministry said on May 3rd, informs LETA/BNS.
Latvia and the UAE agree on need for convening a bilateral Economic Council
On May 2nd, Latvian Foreign Minister Edgars Rinkevics met with the Minister of Economy of the United Arab Emirates (UAE), Sultan Bin Saeed Al Mansoori, for a discussion on the development of economic relations between both countries, and cooperation in the areas of transportation and tourism, LETA was informed by the Foreign Ministry.
Capital Mill's high-rise building in Tallinn to cost EUR 20 mln
Estonian equity real estate investment firm Capital Mill's planned high-rise building Skyon located at 30 Maakri Street is to cost an estimated 20 million euros, informs LETA.
British consultancy Catalyst entering Vilnius
British financial market consultancy Catalyst Development Ltd. has announced it will open its first nearshore consulting hub outside the UK in Vilnius, informs LETA/BNS.
BLRT buys special shipyard transporter for EUR 1.1 mln
Estonian industrial group BLRT Grupp has become the owner of Estonia's first special truck with a carrying capacity of 500 tons by investing altogether 1.1 million euros in a KAMAG industrial transporter, informs LETA/BNS.
Fitch Ratings affirms Latvia at A-; outlook stable
International credit rating agency Fitch Ratings has affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at A- with a Stable Outlook, reports LETA.
Food Union invests EUR 20,000 in new ice cream in Latvian national colors
On the occasion of Latvia's centenary, Food Union dairy company has created a new Ekselence ice cream, Latvia 100, in the colors of the Latvian national flag, the company announced LETA.
Active financial support to SMEs in the Baltic States
The European Investment Fund (EIF) and Swedbank agreed to support financially about 5 thousand SMEs in Estonia, Latvia and Lithuania. The EU Programme for Employment and Social Innovation, EaSI participates too. The financial support is aimed at boosting employment in the Baltics and getting more people into jobs, especially the most vulnerable people on the labour market.
100 new jobs created at Latgale Special Economic Zone in first year
More than a hundred jobs will have been created at Latgale Special Economic Zone (SEZ) companies in the first year if all the projects they have submitted are implemented, Latgale SEZ supervisory board chairman, Daugavpils City Council member Janis Lacplesis (Latgale Party) told LETA.
SEB and Danske issue EUR 34 mln loan for expansion of Origo Shopping Center in Riga
SEB Banka and Danske Bank have issued a EUR 34 million loan for the expansion of the Origo Shopping Center in central Riga, informs LETA.
Quarter century for AmCham Latvia
To commemorate the occasion of the 25th Anniversary of the American Chamber of Commerce in Latvia (AmCham), a special black tie dinner was held last Saturday, April 21.
Vilkyskiu dairy plans to invest up to EUR 40 mln in new plant
Vilkyskiu Pienine (Vilkyskiai Dairy), a leading Lithuanian dairy producer, intends to build a new dairy factory next to its cheese production and whey processing complex in Taurage, with plans to invest up to 40 million euros in the project and create 50 new jobs, the mayor of the western Lithuanian district said, cites LETA/BNS.
Cheaper business opportunities probably lead to Barclays' decision in Lithuania
The Vilnius-based Barclays technology center, which has recently announced plans to cut the number of its staff by a third, has probably found cheaper business development opportunities, head of the Investors' Forum, uniting foreign investors, believes, reports LETA, citing BNS Theme.
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