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BC, Tallinn | May 19, 2019
The net profit of real estate fund Baltic Horizon Fund totaled 2.17 mln euros in the first quarter of 2019, marking a year-over-year increase of 29%.
ERR News | May 18, 2019
Journalist and kleptocracy expert, Oliver Bullough, said at the 2019 Lennart Meri Conference on Saturday that in money laundering, the trend has long shifted away from tax havens toward shell companies, predominantly in the United States and the United Kingdom.
CrowdFund Insider | May 17, 2019
BC, Tallinn | May 17, 2019
The data center named ESTHub helps technology companies obtain and process more quickly remote sensing data obtained from space, spokespeople for the Estonian Ministry of Economic Affairs and Communications said.
ERR News | May 16, 2019
According to the initial schedule for the planned Rail Baltica railway, which is expected to be completed by 2026, high-speed trains will depart Tallinn for points south four times per day, reaching Central Riga in one hour and 42 minutes at a cost of €38 per ticket.
BC, Tallinn | May 16, 2019
The Finnish retail group SOK, which owns the Prisma Peremarket retail chain and Sokos Hotel Viru, is planning to build two new hotels in Tallinn.
City & State New York | May 15, 2019
Despite the loss of HQ2, New York City is better positioned than Silicon Valley to tackle the challenge of public sector engagement.
ERR News | May 15, 2019
Her Royal Highness Anne, The Princess Royal, is to visit Estonia on Thursday, May 30.
TBT | May 14, 2019
The five largest shareholders in Swedbank AB, who also form the Swedbank nomination committee, have proposed to appoint former Swedish prime minister Goran Persson as chairman of the Swedbank board of directors.
TBT | May 16, 2019
RIGA - Career diplomat John Leslie Carwile, whom President Donald Trump has picked for the United States’ next ambassador to Latvia, might have a positive impact on US-Latvia relations, Latvia’s former ambassador to the US and current Ambassador to Russia Maris Riekstins.
TBT | May 16, 2019
Latvian business owners have positively rated the tax payment and administration process. Meanwhile, tax rates are seen as convincingly negative, according to the latest Citadele Index survey of business owners conducted by Citadele Bank and SKDS.
BC, Riga | May 15, 2019
Latvia’s Grindex pharmaceutical company plans to achieve a EUR 300 million turnover in five years.
GCR | May 14, 2019
Two Spanish companies, Idom Consulting and Ingeniería y Economía del Transporte (Ineco), have been awarded a €13m contract to design and supervise the Baltic high-speed line in Latvia.
BC, Riga | May 13, 2019
The Finance and Capital Market Commission (FKTK) after meeting with representatives of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury does not see any obstacles for implementation of the ABLV Bank’s liquidation model.
BC | May 13, 2019
Bioeconomy’s share in Latvian GDP has reached already about 15 per cent. But the sector has huge potentials both in the national structural development and in its regional transformation. And the sector’s role will increase in the future: hence the attention to biomass’ exploration and management, as well as to educational issues in bioeconomy and sustainability policy.
BC, Vilnius | May 19, 2019
The listed Estonian builder Merko Ehitus is to carry out additional work in the amount of 5 mln euros in the establishment of the Neringa hotel building in Vilnius.
BC, Vilnius | May 17, 2019
As Lithuania, Latvia and Estonia prepare to synchronize their power grids with the Continental European network, three synchronous compensators are to be built in each of the three Baltic countries to ensure frequency stability.
BC, Vilnius | May 16, 2019
EBRD invests EUR30 mln in Usaldusfond EfTEN Real Estate Fund 4. Fund to support investment in sustainable measures across the Baltic states. First property fund in the region to include climate considerations in its investments.
BC, Vilnius | May 15, 2019
Smart Energy Fund powered by Lietuvos Energija (Lithuanian Energy), and managed by Contrarian Ventures along with Honda, Japanese automobile manufacturer, and other partners invested in Moixa, UK-based company developing smart energy storage devices and virtual power plants technologies.
BC, Vilnius | May 15, 2019
Swedish furniture producer and seller IKEA has started testing an e-trade system. At this stage, registered ikea.lt consumers and members of the IKEA FAMILY loyalty program have the possibility to buy online.
Delfi | May 10, 2019
Baltic Post, a subsidiary of Lietuvos Pastas (Lithuanian Post), is being merged into the state postal company as part of a reorganization that is planned to be completed in July.
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BC, Vilnius | May 10, 2019
Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) is getting ready for further construction of the European standard-gauge railway Rail Baltica. Preparatory works involve the modernization of the section from the Lithuanian-Polish border to Kaunas (Jiesia), the development of the Kaunas railway node and the construction of depots for infrastructure maintenance.