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Wednesday, 09.07.2025, 06:05
U.S. gas industry: Latvia has very good possibilities in effectively utilizing its gas storage potential
Starting his working visit to the United States on Monday, Latvian President Andris Berzins visited Houston (Texas), where he met with the management of the leading U.S. gas and transportation companies in order to acquaint them with Latvia's energy sector and opportunities for them to invest, taking into account not only Latvia's national, but also regional interests in reducing energy supply risks and attracting strong investors from alternative regions, LETA was informed by the Presidential Press Service.
EBRD: Citadele bank sale was professional and predictable
The Citadele bank's sale process has been organized in a professional and predictable manner, Vice-President of the European Bank for Reconstruction and Development (EBRD), Philip Bennett told the press representatives in Riga today, informs LETA.
Berzins discussed with American businessmen their opportunities to buy Latvijas gaze shares
President Andris Berzins continues his U.S. visit today, when he will also meet with U.S. experts to conceptually discuss American companies' interest in acquiring Latvijas gaze shares, reports LETA, referring to the newspaper Neatkariga.
Investments in commercial real estate in Baltics shrunk by 18% in H1
With more than EUR 158 million worth of investments, Lithuania is currently in a leading position when it comes to the amounts invested in commercial real estate property. Lithuania is followed by Latvia with EUR 127.2 million and Estonia with EUR 100 million. As compared to EUR 472 million in the 1st half of 2013, investment volume has shrunk by 18 %.
PM: agreement on Citadele bank sale could be signed already this week
Agreement on Citadele bank sale could be signed already this week, after which Prime Minister Laimdota Straujuma (Unity) will inform the public about the sale process, reports LETA.
TV show: 5 candidates showed interest in Citadale shares
A total of five candidates have shown interest in acquiring the Citadale bank shares, the TV3 show "Neka personiga" reported on Sunday, cites LETA.
One of the potential Citadele investors – former U.S. Federal Reserve Chairman
According to information obtained by LETA, one of the potential investors in Citadele bank is former U.S. Federal Reserve Chairman Paul Volcker.
EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings
The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.
EU’s support for SMEs: practical outcomes
The European Commission has revealed a list of 155 small and medium-sized enterprises (SMEs) from 21 states that will be first to benefit from the new €3 billion SME Instrument. These SMEs will each receive €50,000 to finance feasibility studies for their projects, and they can get up to three days of business coaching. After that, their projects may be considered for further financial support from the Commission worth up to €2.5 million.
Lithuania – regional leader of attracting FDI in H1
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times' database of foreign direct investment (FDI), Invest Lithuania, foreign direct investment development agency, reports.
Ripplewood: local market and quotation of Citadele shares in stock market is priority
The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.
Latvian Government Treasury long term debt securities to be sold at auction
Latvian Government Treasury long term debt securities in the amount of EUR 20 million, will be sold in an auction next week, September 24, according to information provided by "NASDAQ OMX Riga", cites LETA.
Pharmaceutical giant Cipla ready to finance the internship of 3 Lithuanian scholars in India
On Thursday, Lithuanian Prime Minister Algirdas Butkevicius met with Yusuf K. Hamied, Chairman of the Board of the Indian pharmaceutical company Cipla, during his visit to Lithuania, reported LETA/ELTA the prime minister's press service.
Ir: Liepajas metalurgs investors haunted by scandals and lawsuits
Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.
Citadele buyer offers to pay EUR 92 mln for the bank, actual amount could be smaller
U.S. fund Ripplewood Holdings has offered to pay EUR 92 million for the Citadele bank, as television news channels reported last night, cites LETA.
«The Baltic Course» Is Sold and Stays in Business!
