International Internet Magazine. Baltic States news & analytics
Sunday, 29.11.2015, 12:31
The CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) says that Lietuvos Juru Laivininkyste's (Lithuanian Shipping Company, or LJL) bankruptcy is inevitable and that the shipping company's majority shareholder and SEB Bankas, its biggest creditor, have agreed to provide 1.2 million euros to ensure that the ships and their crews can safely return to European ports, informs LETA.
Keyword tags: EU – Baltic States, Financial Services, Legislation, Lithuania, Port, Railways, Transport
Lithuania's agricultural investment company Linas Agro Group saw its consolidated net profit soar by 55% in the first quarter of its 2015-2016 financial year, to 3.464 million euros, from 2.235 million euros a year ago, reports LETA/BNS.
Latvian national airline airBaltic will receive its first shipment of ''Bombardier C Series'' aircraft in September 2016, the company informed LETA.
The Finnish retail group Stockmann has announced it is about to exit the department store business in Russia and sell its department stores there to the Russian franchisee Reviva with the aim of focusing on retail trade in Finland and the Baltic states, informs LETA/BNS.
The ruling coalition today supported allocating EUR 4.3 million to support Turkey in solving the refugee situation, Interior Minister Rihards Kozlovskis (Unity) said after today's Cabinet meeting, informs LETA.
Danish-owned, Klaipeda-based ferry operator DFDS Seaways saw its revenues from operations in the Baltic Sea region shrink by approximately 3% in the first nine months of 2015 from the same period last year, to 129.4 million euros, cites LETA/BNS.
On November 26th, Prime Minister Laimdota Straujuma met President of China Xi Jinping and Prime Minister of China Li Keqiang in Beijing – the capital city of China. During both meetings, L. Straujuma expressed gratitude for excellent organization of 16 + 1 Summit, during which a clear perspective on future cooperation between China and Central and Eastern Europe was reached.
On November 26th, Latvian Prime Minister Laimdota Straujuma met Chinese President Xi Jinping and the Prime Minister of China Li Keqiang in Beijing, LETA was informed by the State Chancellery's communications department.
Prime Minister Taavi Rõivas met with the President Xi Jinping and with Minister of Finance Lou Jiwei in Beijing on November 26th within the framework of his visit to China, reported BC governmental press service.
35.3% of children in Latvia are under risk of poverty and social exclusion, reports LETA, according to a report from the EU statistical bureau Eurostat.
Today the Latvian airline airBaltic welcomed a Bombardier CSeries aircraft to Riga, Latvia, as part of CS100 demo tour to Northern Europe, informed BC Janis Vanags.
NordBalt and LitPol Link, Lithuania’s electricity interconnections with Sweden and Poland currently in testing, will be added to trading on the electricity exchange Nord Pool Spot in a couple of weeks, informs LETA/BNS.
Businessmen in Latvia will benefit from the pending Transatlantic Trade and Investment Partnership (TTIP), as the Latvian Ambassador to the United States Andris Razans said in an interview with LETA.
According to the latest information from the Central Statistical Bureau, during the third quarter of the year (July, August and September), the Latvian coastal resort city of Jurmala registered a 17% increase in tourists when compared to the same period last year, LETA was informed by Jurmala City Council spokeswoman Zane Leite.
Agreements recently signed between Lithuania and China will make it possible to treat Lithuania as a strategic partner for Beijing in its Silk Road Initiative, Lithuania’s Prime Minister Algirdas Butkevicius has said, cites LETA/BNS.