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Thursday, 28.08.2025, 21:31
Norwegian Jotron opens new plant in Lithuania
Jotron, a Norwegian capital company and manufacturer of air traffic and ship control systems, opened a modern plant in Kaunas in early April 2014, reports LETA/ELTA.
Newly built apartments are most often sold in Lithuania's Klaipeda
Lithuanian real estate developers say the market seems to be recovering after a sluggish period. They also note that the port city Klaipeda and not the capital is leading in sales of newly built apartments, informs LETA/ELTA.
Latvia issues 10-year bonds in amount of EUR 1 bln
Yesterday Latvia priced an issue of ten-year bonds in an amount of EUR 1 billion with a coupon of 2.875% (yield rate of 2.961%), as the Finance Ministry's Communications Department representative Lelde Grinvalde told LETA.
EcoMin: good assessment by German companies in Lithuania will encourage investment
Almost a half of Lithuania-based German companies say they are planning to increase investment and the number of employees in 2014, while 9 from 10 German investors would chose Lithuania once again, a poll carried out by German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania has revealed, cites LETA/ELTA.
Latvian Saeima fails to reach agreement on temporary residence permits
Saeima of Latvia today turned down a proposal that amendments to the procedure of temporary residence permits issued to third-country citizens who buy real estate in Latvia should come into force at the beginning of 2015, which means that the amendments will once again return to Saeima committees so they could come into force on an earlier date, informs LETA.
German companies operating in Baltics once again very optimistic
In the beginning of 2013, the mood among German companies operating in the Baltic States once again is very optimistic, thus carrying forward the trend of the past three years. The favourable economic conditions in the Baltic States and the positive prospects for the future also determine the expectations towards further developments of their turnovers and export activities and therefore let them expect a successful business year 2014, says the Business survey 2014 of the German-Baltic Chamber of Commerce (AHK).
More promises and plans mentioned Lithuanian Government's report than completed tasks
On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.
Alexela bought the whole Kiviõli Keemiatööstus
As of April 16, Estonian fuel concern AS Alexela Energia is the owner of all assets of chemicals industry OÜ Kiviõli Keemiatööstuse Varad, Äripäev.ee/LETA reports.
Eesti Pank: indebtedness of companies and households continued to decline in 2013
The indebtedness of Estonian companies and households continued to decline last year, Estonia's central bank Eesti Pank said in its fresh financial account statistics, cites LETA.
Lithuanian Film Centre announces grants for 2014
The Lithuanian film centre announced the final list of projects that received national funding for 2014. A total of EUR 2 million was distributed among 40 projects, informs LETA/ELTA.
Valmieras stikla skiedra to establish company in United States
Joint-stock Valmieras stikla skiedra (Valmiera Fiberglass, VSS) is planning to broaden the Valmiera Glass Group by establishing a new subsidiary called Valmiera Glass USA Corp in the United States, according to the company's announcement at the Riga Stock Exchange, cites LETA/Nozare.lv.
Direct foreign investment in Latvia over 608 mln euro in 2013
At 2.6% of GDP, Latvia looked at a EUR 608.9 million direct foreign investment total in 2013, informs LETA, referring to the Bank of Latvia.
Wix has opened a new office in Vilnius
Wix, a global leader among website development platforms, has opened a new office in Vilnius. The plan is for the office to employ over 150 information technology (IT) specialists, informed LETA/ELTA, referring to the Vilnius City Municipality.
Estonia’s Pro Kapital's revenue decreases in 2013
Estonia-based construction company Pro Kapital Grupp approved the audited annual report for the financial year 2013, under which the company's audited and consolidated revenue for financial year 2013 amounted to 12.287 million euro, compared to the 2012 revenue of 16.078 million euro, Pro Kapital Grupp said in a statement, cites LETA.
In Q1, apartment and housing transactions in Lithuania rocketed to the record levels
The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.
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