International Internet Magazine. Baltic States news & analytics
Wednesday, 25.06.2025, 05:43
China seeks to secure funding of projects in Central, Eastern Europe
China, which seeks closer cooperation with Central and Eastern Europe, is developing financial instruments that would facilitate financing of large-scale infrastructure and production investment projects in the region, informs LETA/BNS.
Estonia's Graanul Invest buys power plant in Belgium
Subsidiaries of the Estonian forestry and energy group Graanul Invest AS have bought the Langerlo NV power plant in Belgium, where an investment of about 250 million euros is to be made to switch to pellet burning units, informs LETA/BNS.
Latvian bonds worth EUR 58 mln purchased under ECB program in May
Latvian bonds worth EUR 58 million were purchased under the European Central Bank's (ECB) Public Sector Purchase Program in May 2016, informs LETA, according to the information published by the ECB.
The EU plan for strategic investment is extended beyond 2018
The European Fund for Strategic Investments (EFSI) came into force a year ago; the Commission underlines pros and cons of the Investment Plan and proposes the Fund and the Plan extension beyond 2018. Besides, the European Investment Project Portal (EIPP) is officially launched as an online platform bringing together European project promoters and investors from the EU and beyond.
Chinese investors are assessing tax policy, Latvia’s relations with neighbors
A considerable increase of Chinese cargo transit through Latvia could be expected if the Chinese came to Latvia as investors, but they are carefully assessing the investment climate, Latvia’s relations with its neighbors, including Russia, said economic and financial expert Vadims Jerosenko in an interview with LETA.
FICIL: insolvency sector in Latvia equals organized crime
The insolvency sector in Latvia, due to the lack of supervision of the insolvency procedures, currently equals organized crime, said Girts Greiskalns, the executive director of the Foreign Investors Council in Latvia (FICIL), cites LETA.
Estonian stock index crosses 1,000 point mark again after 9 years
The OMXT index of Nasdaq Tallinn on June 3rd 2016 crossed the 1,000 point mark again for the first time since February 2007, informs LETA/BNS.
Lake Peipsi fisheries area to get EUR 4.5 mln under 2014-2020 program
The lakes Peipsi, Pskov and Lammijarv fisheries area in Estonia stands to get 4.5 million euros from the European Maritime and Fisheries Fund (EMFF) over the next five years, and the activities in the focus of the program are overhaul of fishing ports and diversification of the activities of fishers, informs LETA/BNS.
Latvia’s ABLV Bank equity increased by EUR 38.2 mln
Another issue of Latvia’s ABLV Bank shares has been successfully completed, under which there were 2,700,000 registered shares issued, the bank said in its statement to the Nasdaq Riga stock exchange, cites LETA.
Lithuania's Bulk Cargo Terminal readying for double rise in loading
Biriu Kroviniu Terminalas (Bulk Cargo Terminal, or BKT), a company that has observed rapid growth over the past few years, is readying for a 40-million-euro expansion and subsequent double increase in its loading capacity, Verslo Zinios daily said, cites LETA/BNS.
Latvian Food Union to set up dairy plants in China for EUR 200 mln
The Food Union dairy products group from Latvia is about to send the first dairy products from the Baltic countries to China soon and has started to build two large dairy processing plants in that country for an investment of 200 million euros, informs LETA/BNS.
Swedbank and EIF sign deal to provide loans to Baltic SMEs
Swedbank will provide loans, guaranteed by the European Investment Fund (EIF), to small and medium-sized enterprises in the Baltic countries, informs LETA/BNS.
Bank of Lithuania holds reverse auction via Bloomberg platform
The central Bank of Lithuania has started holding reverse auctions of public sector purchase program via Bloomberg auctions platform. As part of its participation in the expanded asset purchase program within the Eurosystem, the bank tested the system on June 2nd, cites LETA/BNS.
Lidl opens 15 stores across Lithuania
German-owned retailer Lidl Lietuva on June 2nd opened its first 15 stores in Lithuania, the 26th market where the chain operates, informs LETA/BNS.
New Ibis Riga Centre hotel to focus on tourist groups, business travelers
The new Ibis Riga Centre hotel that was opened on June 1st at 5 Marijas Street in Riga will focus on individual tourists, tourist groups and business travelers, the hotel's director Valdis Vanadzins said LETA.
«The Baltic Course» Is Sold and Stays in Business!
