International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 11:43
Lattelecom group earnings for the first quarter of 2017 totaled 44.6 mln euros, while EBITDA reached 16 mln euros. Lattelecom has gown a new business and with tet services it is entering a new sector, the Lattelecom representative told BC,
Keyword tags: Financial Services, Good for Business, Latvia, Telecomunications
The Nord Stream 2 project, being pursued by Gazprom, has taken today another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.
A new system of electronic certification is being introduced in EU to monitor imports of organic products. The digital system makes the European Union a global leader in traceability and in the collection of reliable data on trade of organic products.
Latvia’s SmartLynx Airlines plans to expand its operations to Asia and North America, including Canada, LETA was told at the company.
The Rail Baltica Global Cost-Benefit Analysis (CBA) presented on April 24 during Rail Baltica Global Forum 2017 confirms that the Rail Baltica project is financially and economically viable. The new study reaffirms the project’s economic feasibility and highly beneficial nature, providing the necessary updated parameters for the project’s continued EU and national co-financing, Rail Baltica Global Forum representatives informed BC.
The line of the Hyperloop ultra-speed train concept developed by the US startup Hyperloop One could be built next to the European-gauge railway Rail Baltica, Lithuania's Transport and Communications Minister Rokas Masiulis said LETA/BNS.
A total of 1.064 mln passengers went through Lithuania's airports in the first quarter if this year, a rise of 16.4% on the same time last year, Statistics Lithuania said.
AS Technopolis Ulemiste, developer of the Ulemiste City complex of commercial properties situated between Tallinn's city center and the airport, boosted its net profit 9.2% year over year to 7.1 mln euros and revenue 17% to 12.9 mln euros in 2016, writes LETA/BNS.
ABLV Bank has invested in SG Capital Partners Fund 1 limited partnership, according to the bank’s statement to the Nasdaq Riga stock exchange.
The opening of the Grand Hotel Kempinski Riga is planned in June of this year, the hotel’s representative Liva Laivina told LETA.
Bite Latvija (Bite) mobile operator has acquired Unistars telecommunications company, taking a step towards launching a 5G service in Latvia, Bite head Kaspars Buls told LETA.
International rating agency “Moody’s Investors Service” has upgraded Citadele Bank’s long-term deposit rating from B1 to Ba2, with positive outlook, the Citadele Bank`s representative told BC.
Lietuvos Gelezinkeliai (Lithuanian Railways) has signed an agreement with OTLK, a company set up by Russian, Kazakh and Belarusian railway administrations, that will open the way for freight from China to reach Western Europe via Sestokai, a transshipment hub at the Lithuanian-Polish border, reports LETA/BNS.
On Wednesday, 19 April, Riga International Airport solemnly welcomed its 60 millionth passenger since the restoration of independence. Curt Almquist arrived at the Airport with a flight from Stockholm operated by the national airline airBaltic.