International Internet Magazine. Baltic States news & analytics
Monday, 10.03.2014, 13:00
If economic sanctions are imposed against Russia over its invasion in Ukraine, they will also affect Latvia since around 60% of cargo handled by Latvian ports comes from Russia, Transport Minister Anrijs Matiss (Unity) says in an interview with newspaper Biznes&Baltija, cites LETA.
Keyword tags: Baltic States – CIS, Latvia, Legislation, Port, Railways, Russia, Transport
The discussion of the common Baltic railway project Rail Baltica is reaching a dead end since the Lithuanian delegation lacks a mandate to discuss proposals for joining Vilnius with the speed railway, LETA/Public Broadcasting reports.
The cargo volume transported by the Estonian state-owned railway cargo transport company EVR Cargo reached 1.42 mln tonnes in February 2014, which is by 5.4% less than at the same time last year, LETA/Postimees Online reports.
According to the data of the Central Statistical Bureau on freight transport, in 2013 the total volume of freights carried in main transport sectors has risen by 2% as compared to 2012.
Joint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) achieved EUR 27.37 million in turnover in 2013, 12.4% less than in 2012, when the company turned over EUR 31.27 million, according to the company's financial report submitted to NASDAQ OMX Riga, cites LETA/Nozare.lv.
Special compensatory mechanism to be developed to buy land plots necessary for Rail Baltica in Latvia
Further implementation of the Rail Baltica railroad project will require purchase of land parcels, which will need special regulations adopted to introduce uniform mechanism of compensation to landlords, Transport Minister Anrijs Matiss (Unity) said in an interview with Latvian State Radio yesterday, cites LETA/Nozare.lv.
At tripartite negotiations on the project Rail Baltica joint venture shareholders agreement, held at the Ministry of Transport and Communications of the Republic of Lithuania among Lithuania, Latvia and Estonia, an agreement was reached – essentially, Vilnius will be part of the trans-European Rail Baltica gauge, informed BC Transport Ministry of Lithuania.