International Internet Magazine. Baltic States news & analytics
Monday, 24.10.2016, 15:18
The Latvian transit corridor has chances to attract additional nine million tons of cargo - those are cargos currently going through Belarus and Lithuania to Kaliningrad, said Ainars Slesers, a board member and co-owner of Euro Rail Trans logistics company, in an interview Latvia's business daily Dienas Bizness on Monday, cites LETA.
Keyword tags: Baltic, Baltic States – CIS, Cargo, Cooperation, Latvia, Logistics, Markets and Companies, Port, Railways, Transport
Gas interconnector between Finland and Estonia will boost security of supply and bringing economic lift to the region. When the gas starts flowing in 2020, the project will unite the Eastern Baltic Sea region with the rest of the EU energy market. This and other project are parts of the EU’s energy union and aim at building missing energy links, improving supply and ending the energy isolation of the Baltic States.
Even though in the past three years there has been a positive trend in employee satisfaction with their wages, still more than 60 % of employees in Latvia believe they are not paid appropriate wage, according to a poll conducted by CV-Online Latvia recruitment company informs LETA.
Since the Ukraine crisis began, the Baltic countries' orders for new defense equipment have doubled and will double again in the next two years, according to an analysis released by IHS Markit on Thursday writes LETA.
The management of the Russian state owned rail company Rossiyskie Zheleznye Dorogi (Russian Railways) this week will consider a 25 percent discount on the charges that are applied for shipping gasoline, diesel fuel and fuel oil cargos from refineries in Belarus to Russia’s northwestern ports, thus making them equal to the tariffs that are charged on shipments to ports in the Baltic states, the Russian business newspaper Kommersant reports.
The 2016 Pension Sustainability Index compiled by German insurance company Allianz shows the pension system of Latvia as the seventh most sustainable in the world, followed by the pension system of Estonia in eighth place, writes LETA/BNS.
Of Baltic ports, container loading volumes in the first nine months of 2016 grew year over year in Klaipeda and Riga and declined in Tallinn and Liepaja, the annual rate of decline for Tallinn being 6.6%, writes LETA/BNS.