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Friday, 23.05.2025, 07:27
Index fund-type pension fund being created in Estonia
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.
WealthPro Latvia 2016: preliminary program
Bosco Company invites to participate in the b2b Conference & Expo. WealthPro Latvia, Riga 2016 – 7-8th of June 2016, Hotel Radisson BLU.
European Capital Markets Union: six months’ achievements
The Commission presented a progress report of the first six months since the adoption of the Capital Markets Union Action Plan last September. The first CMU status report shows that the EU helped mobilise capital in Europe and channel it to companies, including SMEs, infrastructure projects while expanding growth and create jobs. The Commission also presented new European Financial Stability and Integration Review, EFSIR.
Chamber calls to raise share of mandatory Estonian investments for pension funds
The Estonian Chamber of Commerce and Industry has put forward a measure to raise the share of investments that pension funds here must keep in Estonian instruments to 45% by 2020, informs LETA/BNS.
Linas Agro buying fertilizer trade business in Latvia for EUR 4.6 mln
Lithuania's agricultural investment group Linas Agro Group is buying a fertilizer trade business in Latvia. Linas Agro Group intends to purchase Paleo for nearly 4.6 million euros and take over a fertilizer trade business and trademark from Latfert, with the 4.59 million euro deal to be closed in October of 2017, reports LETA/BNS.
Estonia may invest EUR 70 mln in real estate annually
The Estonian government is about to invest on the average 70 million euros in real estate per year to renovate and maintain existing real estate and build new structures, Prime Minister Taavi Roivas said after a Cabinet meeting where ministers heard about the possibilities to finance real estate projects in the current fiscal strategy period, informs LETA/BNS.
Vilnius behind Riga, Tallinn in terms of office investments
The value of investment deals in the segment of commercial real estate in the Lithuanian capital last year was still half of the value of Tallinn and 3-4 times less than the value in capitals of Central and Eastern European countries, Verslo Zinios business daily said, cites LETA/BNS.
EUR 46.3 mln of Swiss funding invested in Latvian economy
The Latvian economy has already received EUR 46.3 million, or 89% of the funding provided under the Swiss-Latvian Cooperation Program, Maija Straupmane, a representative of the Latvian Finance Ministry, informed after the 8th annual meeting of the Swiss- Latvian Cooperation Program on April 21dt, cites LETA.
Funderbeam launches platform for trading in startup stocks
The Estonian startup Funderbeam on Thursday launched a platform for raising growth capital and aftermarket trading called Funderbeam Markets, with Huntloc, Paytailor, Shipitwise, SportID, and Sportlyzer as the first businesses raising capital there, informs LETA/BNS.
PPS Pipeline Systems wins EUR 11.2 mln contract in Lithuania
Lithuania's gas pipeline construction company MT Group and Germany's gas pipeline group PPS Pipeline Systems have won a contract worth 11.181 million euros in Lithuania, including VAT, to implement a gas pipeline control system that helps detect damages in pipelines, informs LETA/BNS.
Latvian Saeima approves of the amendments to Immigration Law
Saeima in Latvia approved in the third and final reading a number of amendments to the Immigration Law, thus concluding work on the amendments, which were submitted to the 11th Saeima for review almost 18 months ago, informs LETA.
Estonia to invest EUR 43 mln for the street lighting renovation
A draft has exited the Ministry of Economic Affairs and Communications approving 43 million euros to be spent for the renovation of street lighting systems across Estonia, informs LETA/BNS.
Latvenergo power utility posts EUR 85 mln in audited profit in 2015
On April 20th, the audited consolidated financial statements of Latvenergo for 2015 are published, which were approved by the Management Board of Latvenergo AS on 19 April 2016. In 2015, Latvenergo Group revenue constitutes 929.1 million euros, which is by 8% less than in 2014.
Orkla Foods Latvija achieved EUR 24.39 mln in turnover in 2015
Latvian fruit and vegetable processing company Orkla Foods Latvija, which unites Latvian food companies Spilva and Gutta, reported EUR 24.39 million in 2015 turnover, while its profit was EUR 1.61 million, LETA was told at the company.
INVL Technology buys Estonia's Andmevara for EUR 664,600
INVL Technology AB, an IT company listed on the Vilnius stock exchange, on Wednesday finalized the agreement on the purchase of the Estonian company AS Andmevara for 664,600 euros, informs LETA/BNS.
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