Baltics Business Opportunity Survey Is Published for General Information Purposes Only and Does Not Constitute Advice of Any Kind
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Baltics Business Opportunity Survey Estonia Latvia Lithuania January 2019 The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 1 © Klauberg Legal 2019 Dear Reader, The Klauberg Legal Baltics Business Opportunity Survey provides information about upcoming investment projects in the Baltic States. With offices in Estonia, Latvia, Lithuania, Klauberg Legal covers this region in all relevant areas of business law, including corporate/M&A, commercial and contract law, litigation and arbitration, tax and administrative/procurement. For further information on the projects presented, please contact our local offices. This publication is for information only; bnt does not represent the project initiators. General contact: Lithuania: Sigita Sriubaite [email protected] Latvia: Ilze Straume [email protected] Estonia: Max Wood [email protected] Contents: News on Rail Baltica ............................................................................................... 5 Estonia ................................................................................................ 6 Four Estonian companies worth investing in ........................................................ 7 New garden centre in Tallinn’s Tähesaju City ....................................................... 8 Ülemiste City quarter in Tallinn is rapidly developing ......................................... 9 Petroleum tower in Muuga Harbour for sale ....................................................... 10 New large scale project at Muuga Harbour .......................................................... 11 Development of Kopli Liinid in Tallinn finally begins ......................................... 12 Construction of Reidi Road in Tallinn under way ................................................ 13 New office building in Tallinn Freedom Square ................................................... 14 VizKey™ investigation software to become global ............................................... 15 Fahle Park – living and doing business with style ................................................ 16 Bridge to Saaremaa: financing to come from private investors ........................... 17 A Private Island for Sale ........................................................................................18 The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 2 “Gate Tallinn” Retail Park Development in Tallinn, Estonia ............................... 19 Tunnel from Tallinn to Helsinki- Update ............................................................ 20 Latvia ................................................................................................. 21 New Baltic Sea shipping line between Skulte and central Sweden ..................... 22 Major changes to one of Riga’s most famous sights: TV tower renovation ........ 23 Improvement of energy efficiency in public buildings ........................................ 23 Improvement of energy efficiency in public buildings ........................................ 24 Restoration and preservation of natural heritage of Northern Courland ........... 25 Financing needed for start-up: supplier to furniture manufacturers ................. 26 New industrial hub planned on the old Liepajas Metalurgs site ......................... 27 Business incubators will receive EUR 32.8 million ............................................. 28 Planning of bypass road for A7 highway .............................................................. 29 Electrification of railway network ........................................................................ 30 Construction of logistics center ............................................................................. 31 Planning and development of multimodal transport hub ................................... 32 Lithuania .......................................................................................... 33 Plans for nonsubsidized wind Energy Park revealed .......................................... 34 Maxima Grupė is looking for investors ................................................................ 35 „Continental“ coming to Lithuania ...................................................................... 36 Globally active furniture producer is planning major investment ...................... 37 Modernization of detention facilities ................................................................... 38 Privatization of “Baltija” rest house in Palanga ................................................... 39 Police Infrastructure PPP projects in Kaunas and Panevezys ............................. 40 Modernization of Lithuanian Zoo in Kaunas ........................................................ 41 “Lithuanian Airports” seek investors ................................................................... 42 Major upgrade of Klaipeda seaport ...................................................................... 43 The repair and maintenance of 3.500 kilometers railway .................................. 44 Railway electrification .......................................................................................... 44 National Stadium project in Vilnius .................................................................... 44 The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 3 Modernization of the highway in Kaunas ............................................................ 44 The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 4 News on Rail Baltica Currently, RB RAIL AS holds only one open competition for “Technical study and design proposals for Rail Baltica Infrastructure Maintenance Facilities” (with the procurement identification no. RBR 2018/25). Interested suppliers shall submit their proposals electronically via the tools offered through the E-Tenders system until 20 November 2018. More information about recent procurements can be found on http://www.railbaltica.org/tenders/. Also, despite recent resignation of Latvian chief executive, Baiba Rubesa, there is no impact on the continuity of the company's activities due to the fact that Ignas Degutis has been appointed as acting CEO by the supervisory board. He joined RB Rail AS as Chief Financial Officer and was appointed as a member of the Management Board in April 2017. The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 5 Estonia Eesti Klauberg baltics Tallinn office Estonia pst 9, EE-10143 Tallinn Phone + 372 6 86 31 67 [email protected] Contact Person: Max Wood Phone: +372 5 661 15 71 [email protected] The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 6 Foto on visualhunt.com Four Estonian companies worth investing in The Mergermarket portal for M&A transactions has published a list of Baltic companies that have potential for new transactions both now and in the future. From Estonia, four companies are listed. FoodDocs OÜ provides a digital food safety service by helping food handlers to manage food safety documents by ensuring that food safety documents comply with the law and that all necessary requirements are always met. According to Katrin Liivat, co-founder of the company, FoodDocs OÜ is expecting funding of around EUR 1 million next year. Messente Communication OÜ is a global provider of messaging and user verification services with headquarters in Tartu, Estonia. Although the company is currently not actively looking for external funding, CEO Lauri Kinkar will not rule out its sale in the future. The most useful and sustainable solution for Messente would be a strategic partner-client who wants to connect Messente technology to its platform. Nicorex Baltic OÜ, the largest e-cigarette sales company in Estonia, is considering potential acquisitions in order to support its growth in the Baltic market. Nicorex Baltic OÜ (turnover ca 2.2 million euros) together with the Veipland retail chain, recently bought Elgery Group OÜ, a competitor store with its SKYsmoke product brand, e-store and store chain. StandByMate is a recruiting platform established in 2017 that brings together jobseekers and employers by finding available seafarers near a vessel and sending personalized sea job offers to suitable candidates. According to Merit Valdsalu, co-founder of StandByMate, the company is looking for funding ca. 250,000 to 500,000 euros. The Klauberg Legal Baltics Business Opportunity Survey is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 7 Foto: EFTEN New garden centre in Tallinn’s Tähesaju City Object: Garden