Interest in Baltic investment opportunities steady
Thursday, September 25, 2014
According to the latest Prudentia M and A Folio study, local and foreign investors' interest in investment opportunities offered by the Baltic countries is steady at the moment, the investment banking and financial advisory company Prudentia reports.
As Russia is engaging in aggression against Ukraine, the Baltic states shiver for their own security. Many an investor in Lithuania must have considered how to protect their property in case of a crisis.
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times’ database of foreign direct investment (FDI).
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Estonia and Lithuania have so far failed to agree on how the Baltic power grids are to be synchronized with the Western European system and a memorandum of understanding will not be signed during the EU summit on Thursday, as planned, Lithuanian Energy Minister Žygimantas Vaičiūnas said, adding that this might be done later this year.
The Baltic prime ministers say that their countries are ready for Zapad, a major military exercise to be held jointly by Russia and Belarus in September, and feel safe after NATO partners have deployed additional capabilities in the region.
Two terminals could operate on the eastern coast of the Baltic Sea controlled by the three Baltic states – in Lithuania's Klaipėda and in Estonia, which could build a small terminal, Lithuania's Prime Minister Saulius Skvernelis stated on Friday. In his words, the two terminals would supplement each other along with the Inčukalns gas storage facility in Latvia.