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International Internet Magazine. Baltic States news & analytics Wednesday, 28.09.2016, 16:41

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Latvia slips down to 49th place in Global Competitiveness Index

Latvia slips down to 49th place in Global Competitiveness Index

28.09.2016

atvia ranks 49th in the latest Global Competitiveness Index by the World Economic Forum, having slipped down from the 44th position last year.

Keyword tags: Analytics, Baltic, Business, Estonia, Latvia, Lithuania, Rating, Russia



St Peter Line to sell its ships operating on Baltic Sea

St Peter Line to sell its ships operating on Baltic Sea

26.09.2016

The Russian shipper St. Peter Line that operates the Tallinn-St. Petersburg route with a fleet of two ships, Princess Anastasia and Princess Maria, is to sell the ships to Italian cruise ship operator Moby Lines, lemarin.fr reports cites LETA/BNS.

Lithuania to exercise state immunity in dispute against Snoras ex-owner

Lithuania to exercise state immunity in dispute against Snoras ex-owner

16.09.2016

The Lithuania state is planning to exercise the jurisdictional immunity it is entitled to under international law in a lawsuit brought against it by Vladimir Antonov, a former majority shareholder of the collapsed Lithuanian bank Snoras, which means that it does not agree to the dispute being heard by a Moscow court, reports LETA/BNS.


First pilot train from China to Latvia expected by the end of the year

First pilot train from China to Latvia expected by the end of the year

15.09.2016

The first pilot train of goods from China to Latvia is expected by the end of the year, Transport Minister Uldis Augulis (Greens/Farmers) said during a conference today titled Global Transportation Vision organized by the Latvian national rail company Latvijas Dzelzcels, informs LETA.

Latvia  Russia Belarus and Kazakhstan present China with a joint rail transportation tariff

Latvia Russia Belarus and Kazakhstan present China with a joint rail transportation tariff

09.09.2016

Latvia's state-owned joint-stock national rail company Latvijas Dzelzcels (LDz) and its subsidiary LDz Cargo Logistika LLC, together with the Russian, Belarus and Kazakhstan rail joint venture OTLK and a Belarusian railway logistics company BTLC, have developed a common tariff for railway cargo transportation from the Chinese border to the Latvian ports of Riga, Ventspils and Liepaja, LDz informed.


02.09.2016

Latvian food exporters unable to consolidate their positions on all new markets

Although dairy, meat and fish producers have been actively looking for, and finding, new markets since Russia's embargo, they have not been able to consolidate their foothold in all of the new markets during the past one-and-a-half years, which means that more active state support is necessary, according to the Agriculture Ministry's report that the government will review at its next meeting on September 6, reports LETA.

26.08.2016

Russian Mobile Angels to develop augmented reality app in Lithuania

Innovative Russian software solutions start-up Mobile Angels, which specialises in mobile apps that use augmented reality technology, is setting up operations in Lithuania. The company aims to establish a team of 25 highly qualification information systems specialists in Lithuania within three years. The news comes on the back of the successful launch of the company’s most recent project, a mobile app for skiers with augmented reality functions, representative Mobile Angels told BC.

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