International Internet Magazine. Baltic States news & analytics
Wednesday, 25.11.2015, 16:15
Stevedoring companies active in the Lithuanian port of Klaipeda fear that they may lose some of their cargoes if Lietuvos Gelezinkeliai (Lithuanian Railways) were to increase its rail freight rates, in particular as Latvia’s freight carrier by rail has decided to lower its rates, the Verslo Zinios business daily reports on Wednesday, cites LETA/BNS.
Keyword tags: Baltic States – CIS, Latvia, Legislation, Lithuania, Railways, Transport
On Tuesday, November 24, in Tallinn, the European Innovation and Networks Executive Agency (INEA) and RB Rail AS, a joint venture between the three Baltic States, signed an agreement on the European Union’s grant for the development of the first phase of the Rail Baltic/Rail Baltica high speed railway. The grant agreement was signed by RB Rail AS CEO Baiba Rubesa and Dirk Beckers, Director, INEA, informed BC Arnis Lapiņš.
A joint Lithuanian-Chinese forwarding and logistical venture should launch operations in the first half of 2016 in line with an agreement signed by the executives of Lietuvos Gelezinkeliai (Lithuanian Railways) and China Merchants Logistics Holding in Beijing on Monday, informs LETA/BNS.
Lietuvos Gelezinkeliai (Lithuanian Railways) posted a net profit of 8.135 million euros for the three quarters of the year 2015, down 28% from 11.305 million euros a year earlier, informs LETA/BNS.
Lithuania's state railway company Lietuvos Gelezinkeliai (Lithuanian Railways) handled a total of 39.644 million tons of freight in January through October 2015, down 2.6% from the same period last year, provisional figures from Statistics Lithuania showed on Friday, cites LETA/BNS.
Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) is considering starting to provide services in the Polish market, reports LETA/BNS.
Azerbaijan plans to join the Viking container shuttle train project, the Lithuanian Transport Ministry said on November 11th, informs LETA/BNS.