22-02-2009

New cinema chain planned for Baltics

Written by FNE Staff
New Europe Cinemas plans to open its first in a chain of cinemas in Latvia in August 2009.

"The Baltic Course" reports that six cities are targeted for cinema development before the company moves into Estonia and Lithuania, along with plans to expand into neighboring Russia and Belarus.

The development hinges on local and international financing negotiations. The first cinema is budgeted at some 3.5 million Euros.