International Internet Magazine. Baltic States news & analytics
Saturday, 25.04.2015, 18:59
Baltic Aviation Academy, aviation training centre based in Central Europe expands its training capabilities in Asian market by establishing BAA Singapore training base. In cooperation with partners, China-based aerospace company Haite Group, BAA Singapore is ready to provide Pilot Type Rating, Cabin Crew and Ground Handling training to Asia, Pacific and MENA markets, reports BC Academy’s press service.
Keyword tags: Baltic, Education and Science, Transport
Swedbank has increased its average inflation forecast for Latvia in 2015 to 0.8%. Swedbank's economic growth forecast for Latvia remains unchanged - economy to grow 1.9% in 2015. The economic growth projections for the other Baltic countries are similar to that for Latvia – 2.1% in Estonia and 2.3% in Lithuania, reports LETA.
The Port of Riga concluded the 1st quarter of 2015 with the 6.7% increase of cargo turnover compared to the same period of the last year. Overall, 10.58 million tons of various cargos were handled at the port of Riga during the first three months, reports BC port’s press service.
The total earnings of the insurance company Ergo in the Baltic States reached EUR 5.15 million in 2014. Ergo invested a significant amount funding into reviewing its IT strategy, which caused EUR 1.99 million losses for the company, reports LETA, according to Ergo.
In 2014, the total sales of direct selling industry in the Baltic States grew by 2.5% and exceeded 102,5 million euro (without VAT). Meanwhile, the number of people involved in direct sales increased by 1.5% and it reached more than 128 thousand persons.
Speaking to members of the press yesterday, Lithuanian Prime Minister Algirdas Butkevicius denied reports that Lithuania may build the planned nuclear power station at Visaginas solo – without the participation of regional partners Latvia and Lithuania, reports LETA/ELTA.
Analysis of processed registrations’ data performed by AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), shows that new light-vehicle (M1&N1) registrations in the Baltic States increased by 9.4% to 14’027 units in I quarter 2015, reports BC press service of AutoTyrimai.