Good for Business

International Internet Magazine. Baltic States news & analytics Wednesday, 16.04.2014, 16:37

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Approved profit of airBaltic in 2013 – 1 mln euros

Approved profit of airBaltic in 2013 – 1 mln euros

16.04.2014

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



Latvian Rail’s profit grew to EUR 79.8 mln in 2013

Latvian Rail’s profit grew to EUR 79.8 mln in 2013

16.04.2014

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 biggest plane maintenance centre in Baltics opens in Tallinn Airport

The biggest plane maintenance centre in Baltics opens in Tallinn Airport

16.04.2014

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.


In Q1, apartment and housing transactions in Lithuania rocketed to the record levels

In Q1, apartment and housing transactions in Lithuania rocketed to the record levels

16.04.2014

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 increases by 9.4% in 3 months

Cargo turnover at Latvian ports increases by 9.4% in 3 months

16.04.2014

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.

16.04.2014

Volume of freight transported by Latvian rail grew by 7.6% in Q1

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.

15.04.2014

Riga and Klaipeda included in TOP-10 ports in Baltic Sea Region by container turnover

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.

15.04.2014

Estonian meat industries turnover grew by nearly 16% in 2013

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.

15.04.2014

Kalamaja district in Tallinn becomes one among 20 most hipster neighborhoods in the world

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.

15.04.2014

airBaltic to launch Riga – Poprad flight

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.

15.04.2014

Film students from Tallinn awarded with BOB Student Film Awards

The BOB Student Film Awards were handed out this Saturday at Tallinn University SuperNova Cinema, reported BC the Tallinn Univeristy.

15.04.2014

LatRosTrans turns 20

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.

15.04.2014

One of Russia's biggest cosmetics industries will open a plant in Estonia

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.

15.04.2014

airBaltic launches Riga – Gothenburg route

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.

14.04.2014

Lithuania's portfolio investment totals 6 mln litas in February

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.

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