International Internet Magazine. Baltic States news & analytics
Wednesday, 16.04.2014, 16:37
This week the shareholders of airBaltic have approved the annual report of the Latvian airline. airBaltic has achieved a net profit of EUR +1 million for the full year of 2013. airBaltic has surpassed by far its original plans and has turned around the FY2012 loss of EUR -27 million, converting it into a net profit of EUR +1 million for 2013. airBaltic has achieved profitability one year ahead of the initial schedule.
Keyword tags: Airport, Financial Services, Good for Business, Latvia, Transport
State-owned joint-stock company Latvijad Dzelzcels (Latvian Rail, LDz) posted substantially more in profit last year than previous year – EUR 79.8 million, the company's vice-president Aivars Straksas said during a press conference today, cites LETA/Nozare.lv.
The Baltic States biggest business class planes maintenance centre opened in Tallinn Airport on Tuesday; the total area of hangars is nearly 5,230 m2 and the investment in the complex totalled nearly 5 million euros, LETA/Postimees Online reports.
The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.
Cargo turnover at Latvian ports reached 20.78 million tons in January-March 2014, 9.4% more than in the same period in 2013, the Transport Ministry's Transit Policy Department informed Nozare.lv, cites LETA.
In the first quarter of 2014, the volume of cargo transported by rail in Latvia totaled 17.04 million tons, a 7.6% increase on the first three months of 2013, reports LETA/Nozare.lv, referring to the Transport Ministry's data.
In 2013, the Top 10 Baltic container ports handled 7.82 mln TEU, about 3.1% more than in 2012. Half of the top ten ports reported an increase (Gdańsk, Gdynia, Klaipeda, Riga, Helsinki). The author of the “Port Monitor” analysis is Monika Rozmarynowska, consultant at Actia Consulting Department Assistant at the Gdynia Maritime University.
The turnover of the Estonian meat industry sector increased in 2013 to 302.5 million euros, which means a 16.1% increase as compared to a year earlier, LETA/Postimees Online cites Estonian meat industry sector review, compiled by the Agriculture Ministry.
One of the leading global travel search sites Skyscanner listed 20 most hipster neighbourhoods in the world. Among others, Kalamaja, one of the fastest developing neighbourhoods in Tallinn was also selected as one of the best choices, Tallinn Tourism board said in a statement, ciets LETA.
For the upcoming winter season, Latvian airline airBaltic will launch a new route between Riga and Poprad, Slovakia, on 13 December 2014. The route will offer convenient connections between the two cities and beyond to destinations in the Baltic region, Scandinavia, Russia and the CIS countries, informs BC Janis Vanags.
The BOB Student Film Awards were handed out this Saturday at Tallinn University SuperNova Cinema, reported BC the Tallinn Univeristy.
Though the history of LLC LatRosTrans actually started in 1963, when a decision was taken to construct a crude oil pipeline, the Latvian-Russian joint venture LLC LatRosTrans was established on 14 April 1994, informed BC LLC LatRosTrans board member Igor Stepanov.
One of Russia's biggest cosmetics industries Natura Siberica will open a plant in Tallinn in October, intending to make natural cosmetics out of plants grown in the Estonian Saaremaa island, LETA/Postimees writes.
Latvian airline airBaltic launches the route between Riga and Gothenburg, Sweden, on 14 April 2014, informed BC vice president of corporate communications at airBaltic Janis Vanags.
The positive flow of net portfolio investment amounted to 6 million litas in February, while in January-February 2014 – almost two billion litas, the Statistics Department of the Bank of Lithuania said in a statement, informs LETA.