International Internet Magazine. Baltic States news & analytics
Sunday, 01.05.2016, 12:53
Latvia’s Rigas Elektromasinbuves Rupnica (Riga Electric Machine Building Works, RER) electric equipment maker last year sustained loss worth EUR 235,432 in contrast to a profit of EUR 42,116 in 2014, according to the company's audited financial report submitted to the Nasdaq Riga stock exchange, cites LETA.
Keyword tags: Latvia, Technology, Transport
The Baltic States should not hesitate with the agreement on Rail Baltica project for construction of the European standard-gauge railroad that would establish a direct connection between the Baltic States and the European railway network, said Catherine Trautmann, European Coordinator for the North Sea–Baltic core network corridor, in an interview with LETA.
On Thursday, 28 April, Prime Minister Maris Kucinskis met Stephan Weil, Prime Minister of Lower Saxony in Hannover, informed BC press secretary to the Prime Minister Andrejs Vaivars.
EUR 11.48 million from the EU Cohesion Fund have been earmarked for Riga International Airport in the programming period 2014-2020 in order to reduce the airport’s impact on the environment, improve security and increase the energy efficiency of the airport’s infrastructure, informs LETA.
Analysts at SEB Bankas, Lithuania's largest commercial bank by assets, expect that a decline in the global oil supply will keep crude prices more stable this year and forecast that the average oil price in 2016 will stay above 40 US dollars per barrel, informs LETA/BNS.
Latvijas Valsts Celi (LVC) state road manager last year generated EUR 13.6 million in turnover, up 12% from 2014, while the company's profit was EUR 57,793, according to the company's financial report published on Firmas.lv business database, cites LETA.
Rigas Satiksme municipal public transport company will receive the first low-deck tram from Czech company Skoda Transportation (Skoda) in April 2017, said Rigas Satiksme representatives, announcing the winner of the tender on procurement of trams on April 27th, cites LETA.
Director general of the Estonian Police and Border Guard Board (PPA) Elmar Vaher would like a political agreement to be made regarding the salary of police officers and for it to be tied to the country's average salary, for instance, reports LETA/BNS.
The European Commission tentatively agrees to Norway's Statoil and Lithuania's Litgas setting up a joint venture for small-scale LNG supply, informs LETA/BNS.
The government does not plan to support the state-owned railway infrastructure company Estonian Railways from the state budget to compensate for the fall in transit traffic, because the Ministry of Economic Affairs and Communications has sufficient resources of its own, Finance Minister Sven Sester said on April 27th, cites LETA/BNS.
Uber, a US-based international ride-sharing network that launched operations in Lithuania last fall, and the State Tax Inspectorate (VMI) on April 27th signed a memorandum that will allow exchanging information about drivers in the Uber system, reporting their income and paying taxes, informs LETA/BNS.
Germany's DB Cargo, Europe's largest rail freight company, and Lietuvos Gelezinkeliai (Lithuanian Railways) have signed a freight forwarding agreement, informs LETA/BNS.
The Interior Ministry in Latvia does not have special equipment to interrupt unlawful flights by unmanned aerial vehicles or drones, but the State Police, based on foreign colleagues' experience, recommend using nets to intercept drones, which would require approximately EUR 180,000 from the state budget, informs LETA.
Austria's AMIC Energy Management has taken over the chain of filling stations in Lithuania operated by the Russian oil concern Lukoil, informs LETA/BNS.
Sales revenue of the Estonian fuel seller Alexela Oil in the first quarter of 2016 was 1% bigger than the year before, totaling 25 million euros, and the company's profit was 1 million euros, informs LETA/BNS.