Transport

International Internet Magazine. Baltic States news & analytics Friday, 20.10.2017, 13:53

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Capfield: Porto Franco in Tallinn would be good for port area's development

Capfield: Porto Franco in Tallinn would be good for port area's development

20.10.2017

Speaking on the sidelines of the opening of the Nautica shopping center after a comprehensive overhaul on October 19th, Ruben Gornischeff, board member of Nautica's developer Capfield OU, said that completion of the Porto Franco center situated not far from Nautica would be good for the development of the entire area of the Tallinn passenger port, informs LETA/BNS.

Keyword tags: Estonia, Good for Business, Markets and Companies, Port, Real Estate, Transport



Foreign, Lithuanian firms eye investment in aircraft repairs at Kaunas FEZ

Foreign, Lithuanian firms eye investment in aircraft repairs at Kaunas FEZ

20.10.2017

At least four foreign and one Lithuanian companies are interested in aircraft maintenance, repairs and overhaul (MRO) at the Kaunas free economic zone (FEZ), however, the investments that would create up to 2,000 well-paid jobs with an average monthly salary of over 2,000 euros are stalled by the government's indecision, Verslo Zinios business daily said, cites LETA/BNS.

LDz: Lithuania's rhetoric on Renge railroad section understandable

LDz: Lithuania's rhetoric on Renge railroad section understandable

19.10.2017

Lithuania’s rhetoric that Latvijas Dzelzcels (LDz, Latvian Railways) rail company has no reasons to claim compensations for the dismantling of the Mazeikai-Renge railroad section is quite understandable, given Lithuanian media reports that the fines would have to be paid with taxpayers’ money, LDz representative Maris Ozols told LETA.


Orlen Lietuva nets EUR 140 mln in profit in Q1-3

Orlen Lietuva nets EUR 140 mln in profit in Q1-3

19.10.2017

Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 140.8 million euros (USD 165.4 mln) for the first nine months of 2017, up 16%, from 120.9 million euros (USD 142.1 mln), a year ago, reports LETA/BNS.

SBA concern to build EUR 22 mln logistics center, furniture component plant in Lithuania

SBA concern to build EUR 22 mln logistics center, furniture component plant in Lithuania

19.10.2017

SBA concern, which operates seven furniture factories in Lithuania, Russia and Belarus, will invest 22 million euros in construction of a logistics center and a factory of furniture components close to Lithuania's port city of Klaipeda, with the construction planned to start next spring, reports LETA/BNS.


19.10.2017

Estonia to make payment of EUR 1.7 mln to Rail Baltic joint venture

On October 19th, the Estonian government supported making a down payment of 1.7 million euros to the Estonian enterprise OU Rail Baltic of the Rail Baltic joint venture RB Rail AS to cover its operating costs, informs LETA/BNS.

19.10.2017

European business needs a seamless customs transition to avoid a heavy blow from Brexit

Brexit Transitional Period must be agreed as soon as possible to protect EU and UK competitiveness and ensure a frictionless customs and trade environment can be maintained, say top European businesses and trade bodies, reported BC CER's press service.

19.10.2017

Airbus/Bombardier deal will also increase airBaltic's value

The deal between the European aircraft manufacturer Airbus and Canadian manufacturer Bombardier on the purchase of majority shares in Bombardier's C-Series jet project also increases the value of Latvia's national airline airBaltic, aviation expert Talis Linkaits told LETA.

19.10.2017

Turnover of TNT Latvia reached EUR 4.25 mln in 5 months

TNT Latvia transportation company in the first five months of 2017 generated EUR 4.25 million in turnover, while its profit reached EUR 170,564, writes LETA, according to Firmas.lv business database.

19.10.2017

Estonian minister discusses combating spread of fentanyl with Maryland deputy governor

Estonian Minister of the Interior Andres Anvelt and Maryland Deputy Governor Boyd Rutherford on Wednesday exchanged experience on the fight against illicit drugs, mostly fentanyl, as the use of synthetic opioids is a big problem both in Estonia and the United States, informs LETA/BNS.

18.10.2017

Freight turnover of Transiidikeskus grows by 2.9% in September

The freight terminals of Transiidikeskuse AS handled 263,600 tons of cargoes in September, 2.9% more than in the same month in 2016, reports LETA/BNS.

18.10.2017

Liepaja port to be developed for service of Panamax class vessels

Latvia’s southwestern Liepaja port will be developed into a port for service of Panamax class vessels, said Liepaja Special Economic Zone (SEZ) administrator Janis Lapins at the Latvian Ports, Transit and Logistics Council meeting today, cites LETA.

18.10.2017

Lithuanian Railways to rebuild Renge tracks

Lietuvos Gelezinkeliai (Lithuanian Railways, LG) should shortly start rebuilding the 19-km railway stretch from Mazeikiai, northern Lithuania, to the Latvian city of Renge dismantled nearly a decade ago, a move that recently resulted in an EC fine of nearly 28 million euros against the state-run company, informs LETA/BNS.

18.10.2017

Germany’s Hella to invest EUR 15-20 mln in Kaunas annually

Hella, German manufacturer of lighting technology and electronics products for the automotive industry that opened construction of a factory in the Kaunas free economic zone (FEZ) in early October 2017, intends to invest 15-20 million euros annually in Lithuania over the next few years, says the company's board member Gerold Lucas, cites LETA/BNS.

18.10.2017

Achemos Grupe expects loans from European banks

Achemos Grupe (Achema Group), one of Lithuania's largest business conglomerates, expects securing large loans from European banks for new acquisitions and investments in Klasco stevedorer and other companies in the group, says CEO Audrius Bendaravicius, cites LETA/BNS.

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