EconomyAll Baltic ports together handled 112.499 million tons of cargo in January-September this year, up 4.1% or 4.395 million tons from the same period in 2016, informs LETA, according to the data released by the Latvian Central Statistical Bureau. A 28-million-euro liquefied natural gas (LNG) reloading station will be officially opened in Klaipeda on Friday, exactly three years after the Independence floating storage and regasification unit (FSRU) arrived in the Lithuanian port from a South Korean shipyard. Inflation in Lithuania may be stabilized next year after a recent jump in consumer prices, with rising wages expected to remain the key inflation driver. Vilnius-based venture capital fund Open Circle Capital will invest up to 20 million euros in Lithuanian startups and in the development of new technologies and their commercialization. The European Investment Fund (EIF) and Swedbank on the basis of the COSME multi-country agreement of the European Fund for Strategic Investments (EFSI) increased the funding of small and medium sized companies in the Baltic countries by 160 million euros to 325 million euros. Amalva Baltija, a ventilation system and equipment company of Audrius Menkevicius, is investing EUR 10 million in a factory in Riga and Amalva, another company owned by the Lithuanian, is investing EUR 5 million in production and administrative buildings in Vilnius, the business daily Verslo Zinios reported on October 26th. Klaipeda remained the number one seaport in the Baltic countries in terms of container handling in January through September 2017, the port's authority informed. Modus Energija, the renewable energy arm of Lithuania's car business, real estate development and energy group Modus Group, is set to invest 45 million euros in solar power plants in Poland. Statistics Lithuania informs that in September 2017, based on provisional data, industrial production totalled EUR 1.76 billion at current prices and, compared to August, seasonally and calendar adjusted, decreased by 0.3% at constant prices (unadjusted – 0.1%). Bite Lietuva, a Lithuanian telecoms company controlled by the global private equity firm Providence Equity Partners, will keep the current level of investments in 2018, planning to invest around 10-15 million euros in the network and new services in 2018. |
|
© 2013 All rights reserved to the public enterprise ‘L24plius’. |