Posts tagged as fund

EU leaders move towards cutting recovery fund

Monday, July 20, 2020

The European Council president has proposed reducing the grants for coronavirus-hit countries that are part of the economic recovery fund. The recovery plan submitted for the Council‘s summit is worth 750 billion euros, including 250 billion euros in loans and 500 billion euros in grants that the receiving countries would not have to repay. On Monday morning, European Council President Charles Michel told EU leaders that he would put forward…

EUR 2.9 billion planned for Latvia from EU fund

Thursday, May 28, 2020

The European Union (EU) Economic Recovery fund earmarked EUR 2.9 billion in grants for Latvia, which is three times more than previously expected, reported Latvian Television and Latvian Radio on May 27. The European Commission (EC) offers a European recovery fund of EUR 750 billion to mitigate consequences of COVID-19 crisis. Of these, 500 billion will be grants to Member States, whereas 250 billion will be loans. As previously reported, …

Grybauskaitė to run Lithuania’s coronavirus relief fund

Friday, March 20, 2020

Lithuania’s Finance Ministry has set up a  coronavirus   relief fund to be managed by former president Dalia Grybauskaitė. People have been invited to make donations to the fund which will initially be used for purchasing protective gear, coronavirus tests and other medical equipment for health workers. Read more:  Lithuanian president backs eurozone’s ‘coronavirus bonds’ “I have signed an order to set up a relief fund to help those in…

Sweden opts for Patriot missile system amid growing Russia tensions

Thursday, August 2, 2018

Sweden will buy the Patriot air defense missile system from U.S. arms manufacturer Raytheon Co, the government said on Thursday, as it looks to boost its defenses amid growing tensions with Russia. Sweden’s Defence Materiel Administration (FMV), which handles military logistics, began negotiations over Patriot in November last year aiming to replace the current air defense system which cannot shoot down ballistic missiles. Negotiations were concluded in April and the…

East Capital’s third Baltic fund acquires logistics complex in Latvia

Friday, April 6, 2018

East Capital’s third Baltic fund has acquired a logistics complex in Latvia from developer Piche. The emerging and frontier markets focussed asset manager said East Capital Baltic Property Fund III bought P5, a newly built logistics and industrial park in Riga, for €10.6m. The transaction was financed by SEB. P5 is a 13,800sqm logistics complex consisting of two multi-let and multifunctional buildings. The complex is fully leased. Madis Raidma, the…