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Wednesday, 25.06.2025, 05:57
Estonia sees EUR 127 mln net capital inflow in Q1
The financial account of the balance of payments shows that investments in Estonia surpassed investments by Estonia in other countries by 126 million euros in the first quarter of 2016, the Bank of Estonia said on June 9th, cites LETA/BNS.
Latvian Saeima passes the final amendments to Immigration Law
Saeima in Latvia passed a number of amendments to the Immigration Law in the final reading today, informs LETA.
Estonia had EUR 112 mln current account deficit in Q1
The current account of Estonia's balance of payments ran a deficit of 112 million euros, or 2.3% of gross domestic product (GDP), in the first quarter of 2016, the Bank of Estonia said on June 9th, informs LETA/BNS.
Cargo turnover at Ventspils Port decreased by 24% in January-May
Terminals in the Port of Ventspils handled a total of 9 million tons of cargo in January-May 2016 or by 23.98% less than in the same period in 2015, writes LETA.
Estonian Kohila Vineer to start making plywood in fall
Manufacture of plywood at the Estonian plant of Kohila Vineer OU in the central small town Kohila will start in the fall 2016 and the company expects to have the plant running at full capacity at the beginning of 2017, Andres Laht, board member of Kohila Vineer, said LETA/BNS.
Estonian Harju KEK to set up industrial park for EUR 15 mln
The property developer Harju KEK has started work to set up an industrial park at Valdmae, on the border of the rural municipalities of Saue and Saku in Estonia, for an estimated 15 million euros, informs LETA/BNS.
Recommendations prior to possible Brexit
Experts of Rietumu Asset Management (RAM) make the recommendations prior to possible Brexit.
Finnish wood company to set up plywood mill in Estonia
Metsa Wood, the wood products operation of the listed Finnish Metsa Group, has launched an investment program consisting of a total of 100 million euros in investments in Finland and Estonia, including 50 million euros to build a plywood mill in Estonia, informs LETA/BNS.
Graanul Invest prefers Latvia to Estonia in investment
Of the 250 million euros that the Estonian wood pellet and energy producing company Graanul Invest AS has invested in recent years only 76 million euros was invested in Estonia, as the company prefers to invest in facilities in Latvia because of the better economic environment there, executive Jaano Haidla said, cites LETA/BNS.
Nine North Sea’s region countries agree on extensive energy cooperation
Nine North Sea’s region countries (among them are 7 EU states) have agreed to further strengthening their energy cooperation. Coordinated approach to offshore grid and offshore wind energy can potentially save up to €5.1 billion investment. The initiative remains open to all countries with an interest in the North Seas; thus the Baltic States can join the cooperative efforts.
Estonian startup database launched
Startup Estonia and Funderbeam, a primary and secondary market for early-stage startup investments, have just launched an Estonian startup database to help local startups attract more foreign investments, reports LETA/BNS.
Latvia takes over chairmanship of Nordic Investment Bank's Board of Directors
As of June 1, 2016 Latvia has taken over the chairmanship of Nordic Investment Bank's (NIB) Board of Directors for a period of two years, LETA was told at the Treasury.
BLRT buys one more big floating dock for Klaipeda plant
In the beginning of June 2016, BLRT Grupp acquired a floating dock from the Adriatic Shipyard Bijela in Montenegro, which will be installed in the Western Shipyard, located in Klaipeda, informed BC the press service of the concern.
Capital accumulated in government-funded pension scheme in Latvia grows by 3.1% in Q1
In the first quarter of the year 2016, the capital accumulated in the government-funded or second-pillar pension scheme in Latvia grew by EUR 72.9 million or 3.1% to EUR 2.4 billion at the end of March, reported LETA, referring to the Finance and Capital Market Commission (FCMC).
Lithuanian Seimas approves of the airport concession legislation
Lithuania’s Parliament (Seimas) has approved of a legislation package that will facilitate the concession of the country’s international airports as a PPP project. The new legislation, adopted on 2nd June, enables the launching of a bundled concession tender for Lithuania’s three international airports, informed BC PPP team from Invest Lithuania.
«The Baltic Course» Is Sold and Stays in Business!
