Jun 9 2010, no 297
09.06.2010, 20:41
Highlights from this issue:
TOP STORIES
- Another two international investors, US Western Union and Swedish SEB, have decided to invest into service centres in Lithuania with the help of government subsidies (pages 3 & 4).
- New York-listed Thermo Fisher Scientific will pay USD 260m for Lithuanian Fermentas, the country's flagship biotech firm, and will integrate its molecular and cellular biology products into the USD 10bn business (page 2).
- Estonian BLRT is buying Baltijos Shipyard in Klaipeda from Danish A. P. Møller-Mærsk. BLRT already owns a major shipbuilding firm in Lithuania, Western Shipyard, and will now try to make use of Baltijos' strong competence in ship design and engineering (page 11).
MANUFACTURING
- Lithuanian-Rusian Stikloporas to pioneer cellular glass insulation production.
- Oil price fluctuations slow down producer price inflation advance in May.
FINANCE
- Banks ready to relax crediting terms, at last, poll shows.
- Scandinavian banks plan pan-Baltic ATM network.
- Small shareholders beat SEB in court over stock price.
FOOD & AGRICULTURE
- EU aid to bankroll silo projects in central Lithuania.
- Norwegian vodka entrepreneur picks Estonia over Lithuania.
PROPERTY & CONSTRUCTION
- Norwegians buy into Fauga PVC windows maker.
- Re&Solution in the Baltics becomes Newsec.
- Irish BNTP to buy a stake in Lords LB closed-end fund.
- Another Estonian firm eyes infrastructure construction.
- Sotheby's International Realty comes to Baltics.
RETAIL & SERVICE
- Regus finds location in Vilnius for workplace solutions, looks at other cities.
- Former Jysk man brings Danish Tiger retail concept to Balts.
IT & MEDIA
- BIF corporate finance firm buys Diena Media News publisher.
- Baltic PC sales to rebound after poor 2009, IDC says.
- Viasat TV firm fined for misleading advertising.
TRANSPORT & LOGISTICS
- FL Technics investing into one-stop aircraft maintenance centre.
- Lithuanians co-invest into Belarus first class A warehouse.
- airBaltic scraps four routes in Vilnius.
ENERGY & ENVIRONMENT
- Siauliai City to build 36 MW biofuel CHP plant.
- Finnish Empower wins two switchyard contracts.
- Mysterious newcomer eyes wind power sector.
ECONOMY & POLITICS
- GDP fall slows in Q1 to 2.8%, analysts upgrade forecast.
- Wages keep shrinking in Q1, but rise in some sectors.
- Consumers not as confident yet as businesses.
EVENTS (Vilnius, Trakai)
- 100 km VW Roadshow, 12 June.
- World Cup on TV, starting 14 June.
- Post-Crisis Equity Investment, seminar, 15 June.
- German Contact Fair, 17 June.
- Export & Investment Support Measures, seminar, 23 June.
- Swedish Chamber's After Hours, 24 June.
KEY FIGURES
- Wages, real earnings, foreign trade, money supply, lending, inflation, interest rates, consumer price index, currency, stock exchange, prices of key commodities, retail trade, industrial output, producer prices, GDP, current account, foreign direct investment and key economic data forecast 2010-11.