(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged agriculture, Bulgaria, CROATIA, EIF, Europe, Greece, Hungary, INOKS Capital, Italy, Latvia, Lithuania, Marjut Falkstedt, Nabil Marc Abdul-Massih, Paolo Gentiloni, partnership, Poland, Romania, Slovakia, Slovenia, SMEs, Spain, sustainability, Switzerland, The Czech Republic
(IN BRIEF) HeavyFinance announces a €50 million fundraising for a private credit fund aimed at supporting European agricultural SMEs with tailored finance solutions to advance decarbonization efforts. With the EIF committing €20 million as a cornerstone investor and support from … Read the full press release
Posted in Agriculture, Banks, Bulgaria, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Poland, Portugal, Small Business
Tagged agriculture, Bulgaria, EIF, Europe, HeavyFinance, Laimonas Noreika, Latvia, Lithuania, Marjut Falkstedt, Paolo Gentiloni, partnership, Poland, PORTUGAL, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is backing the growth of venture capital markets in the Baltic states by providing a €10 million investment in Practica Venture Capital III, managed by Lithuania-based venture capital manager Practica … Read the full press release
Posted in Banks, Business, Environment, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Management, News, Technology, United Kingdom
Tagged Anne Fossemalle, Baltic Venture Capital Fund, EBRD, Estonia, INNOVATION, investment, Latvia, Lithuania, partnership, Practica Capital, sustainability, Tomas Andriuškevičius
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) Eurojust and Europol supported a joint operation by Dutch, German, Latvian, Lithuanian, and Canadian authorities targeting alleged violations of export sanctions to Russia. During the operation, three suspects were apprehended, and 14 locations were searched as part of … Read the full press release
Posted in Business, Government, Industrial, Latvia, Law, Lithuania, Management, Netherlands, News, Russia, Security & Safety
Tagged Coordinated Action, Eurojust, EUROPOL, Germany, Illegal Exports, Latvia, Lithuania, Netherlands, partnership, RUSSIA
(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, European Union, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Small Business
Tagged Baltic States, EIB, Estonia, financing, Latvia, Lithuania, Luminor Bank, Palle Nordahl, partnership, SME, sustainability, Thomas Östros
(IN BRIEF) Latvia’s Kekava bypass, a pioneering public-private partnership (PPP) project, has been completed in just two years, diverting heavy traffic away from Kekava and promising more efficient travel through the Baltics. Despite a 17-year planning process and external challenges, … Read the full press release
(IN BRIEF) ELKO, a distributor in Latvia, has partnered with Autel Energy, a developer of efficient electric vehicle (EV) charging solutions, including AC and DC chargers and energy storage systems for various sectors. Autel Energy’s product range encompasses AC Wallbox, … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Industrial, Infrastructure & Utilities, Latvia, Management, News, Technology
Tagged Autel Energy, ELKO, EV Charging Solutions, Latvia, partnership
(IN BRIEF) Estonia, Latvia, and Lithuania, in collaboration with the EBRD, EC, and Nasdaq Baltic, are welcoming the MSCI initiative to consolidate their markets into a single index. This integration will raise the region’s profile among international investors who track … Read the full press release
Posted in Banks, Estonia, European Union, Financial, Investment, Latvia, Lithuania
Tagged Arvils Aseradens, Capital Markets Union initiative, EBRD, EC, Estonia, European Union, Gintarė Skaistė, index construction, index maintenance, Jim Turnbull, Kaarel Ots, Latvia, Lithuania, Mart Võrklaev, MSCI initiative, Nasdaq Baltic, Securities, The European Commission, The MSCI Baltic Index, Valdis Dombrovskis
(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee agreement with Noviti Finance to lend almost €47 million to micro-businesses in Lithuania, Latvia, and Poland on preferential terms. The EIF guarantee is provided under the European Union’s … Read the full press release
Posted in Banks, Business, European Union, Financial, Investment, Latvia, Lithuania, Luxembourg, Poland, Small Business
Tagged EIF, InvestEU, Latvia, Linas Armalys, Lithuania, Marjut Falkstedt, Noviti Finance, Poland, SMEs, The European Investment Fund, Valdis Dombrovskis
(PRESS RELEASE) LONDON, 15-Jun-2021 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces the appointment of Elisabetta Falcetti as the new Head in in central Europe and the Baltic states (CEB). EBRD President Odile Renaud-Basso has formally introduced … Read the full press release
Posted in Banks, Czech Republic, Estonia, Financial, Hungary, Investment, Latvia, Lithuania, Management, News, Poland, Slovakia, Slovenia
Tagged Baltic States, Baltics, CEB, central Europe, coronavirus pandemic, Czech Republic, EBRD, economic transition, economist, Elisabetta Falcetti, Estonia, European Bank for Reconstruction and Development, green transition, Grzegorz Zieliński, Hungary, investment, Latvia, Lithuania, Odile Renaud-Basso, Poland, Slovak Republic, Slovenia, sustainable, Warsaw
(PRESS RELEASE) HELSINKI, 7-Aug-2019 — /EuropaWire/ — NIB and Maxima LT, UAB sign ten-year EUR 52 million loan agreement to finance Maxima’s investments in its retail network renewal in Lithuania, Latvia and Estonia. The Lithuanian retail company will upgrade 31 … Read the full press release
Posted in Banks, Energy, Gas & Oil, Estonia, Financial, Finland, Investment, Latvia, Lithuania, News, Retail
Tagged cooling systems, energy efficiency, energy efficient buildings, energy-saving lighting, Estonia, food retailer, Henrik Normann, investment, Latvia, Lithuania, MAXIMA GRUPĖ, NIB, refrigeration technology, solar panels, store refurbishment programme, Vitalij Rakovski
(PRESS RELEASE) LONDON, 4-Jun-2019 — /EuropaWire/ — Investment in research and innovation by small and medium-sized enterprises (SMEs) in Bulgaria, Latvia and Romania will now have support from new financing programme launched by the EBRD and the EU. The new … Read the full press release
Posted in Banks, Bulgaria, Economy, European Union, Financial, Government, Investment, Latvia, News, Romania, Science, Technology, United Kingdom
Tagged Bulgaria, EBRD, EU, financing, Horizon 2020 programme, INNOVATION, investment, Latvia, low carbon economies, RESEARCH, Romania, SMEs
STOCKHOLM, 29-May-2018 — /EuropaWire/ — Minister for Foreign Affairs Margot Wallström today presented Sweden’s gift in the form of three anniversary funds the Government intends to set up for Estonia, Latvia and Lithuania on the occasion of their 100th anniversaries … Read the full press release
17-9-2013 — /EuropaWire/ — This year’s EUROPEAN CULTURAL DAYS of the European Central Bank (ECB) features artists from Latvia – the next country to adopt the euro. Under the motto “Enchanting Latvia”, a range of cultural venues across Frankfurt am Main will … Read the full press release
Posted in Art & Culture, Banks, Financial, Germany, Latvia
Tagged adopt the euro, Aigars Reinis, Ainārs Rubiķis, Alvis Hermanis, artists, Baiba Skride, Bulgarian composer Dobrinka Tabakova, Camille Saint-Saëns, Deutsche Architekturmuseum, Dobrinka Tabakova, ECB's EUROPEAN CULTURAL DAYS, Enchanting Latvia, Ēriks Ešenvalds, Euro, European Central Bank, EUROPEAN CULTURAL DAYS, Gesellschaftshaus Palmengarten, Ilmārs Rimšēvičs, Latvia, Latvian National Symphony Orchestra, Latvian Radio Choir, Latvijas Banka, Mario Draghi, Pēteris Barisons, Pēteris Vasks, Professor Oskars Redbergs, Reinhold Friedrich, Reinis Zariņš, Richard Wagner, Riga, Rihards Dubra, State Chamber Orchestra “Sinfonietta Rīga”, The Latvian State Choir “Latvija”
03-8-2013 — /EuropaWire/ — SAF Tehnika, the Latvian-owned manufacturer of carrier-class point-to-point microwave radios, is expanding its business in North America and has announced the opening of the company’s US headquarters in Denver, Colorado on July 26. In the five years … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Latvia, Management, Technology
Tagged Baltic stock Exchange, carrier-class point-to-point microwave radios, Colorado, Daniel White, Denver, Latvia, microwave radios, microwave vendors, NASDAQ OMX Riga, point-to-point microwave data transmission equipment, SAF Integra, SAF Tehnika, US headquarters
26-6-2013 — /europawire.eu/ — Latvia should join the Euro on 1 January 2014, recommends the Economic and Monetary Affairs Committee in an opinion voted on Monday. The opinion praises Latvia’s record and efforts to date, but also says it needs to … Read the full press release
Posted in Belgium, Economy, European Union, Finland, France, Latvia, Politics
Tagged Burkhard Balz, Economic and Monetary Affairs Committee, Latvia
Brussels, 5-6-2013 — /europawire.eu/ — Today, the European Commission publishes its 2013 Convergence Report on Latvia, together with a citizen’s summary that briefly explains the report and the rationale behind it. The Commission concludes that Latvia has achieved a high degree of sustainable economic … Read the full press release
Posted in Banks, Belgium, Business, Economy, European Union, Financial, Government, Latvia, Politics
Tagged Brussels, Convergence Report, currency, ERM II, Euro, euro area, European Commission, Exchange rate, Exchange Rate Mechanism, inflation, Interest rates, lats, Latvia, Latvian lats, Olli REHN, public finances
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