Transport

International Internet Magazine. Baltic States news & analytics Tuesday, 03.03.2015, 01:07

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In 2014, volume of freights in Latvia increased by 2.5%

In 2014, volume of freights in Latvia increased by 2.5%

02.03.2015

According to the information on freight transport compiled by the Central Statistical Bureau, in 2014 the total volume of freights carried in main transport sectors has grown by 2.5% as compared to 2013 in Latvia.

Keyword tags: Analytics, Cargo, Good for Business, Latvia, Railways, Transport



Rigas kugu buvetava suffers EUR 1.087 mln losses in 2014

Rigas kugu buvetava suffers EUR 1.087 mln losses in 2014

02.03.2015

The Riga shipyard Rigas kugu buvetava (RKB) concluded 2014 with gross profit in the amount of EUR 65,244; but net losses in 2014 totaled EUR 1,087,879, according to the company's financial report submitted to the "Nasdaq" Riga Stock Exchange, cites LETA.

Crane assembly plant to triple number of employees at its Paldiski facility

Crane assembly plant to triple number of employees at its Paldiski facility

02.03.2015

E-profiil, the company that assembles gigantic crane structures at Paldiski, will build the second production plant in near future and will increase the number of employees at Paldiski from 30 to 100, writes Postimees Online, citing local newspaper Harju Elu.


EUR 12 mln to be invested in Wash&Drive self-service car washes in Latvia

EUR 12 mln to be invested in Wash&Drive self-service car washes in Latvia

02.03.2015

More than EUR 12 million will be invested in the development of the first network of self-service car washes in Latvia, Wash&Drive, which will have car washes in more than twenty cities and towns of Latvia, as Wash&Drive board member and co-owner Augusts Iesalnieks told LETA.

Tallink sells Regina Baltica and Silja Festival

Tallink sells Regina Baltica and Silja Festival

27.02.2015

Estonia's largest passenger shipping company Tallink informed the Tallinn stock exchange that it has decided to sell its ferries Regina Baltica and Silja Festival, informs LETA.

27.02.2015

Tallink and Meyer Turku signed contract for new generation LNG powered fast ferry

Estonia's biggest passenger shipping company AS Tallink Grupp and Meyer Turku Oy signed a contract for the construction of the LNG powered fast ferry for Tallinn-Helsinki route shuttle operations, Tallink announced LETA.

27.02.2015

Substantial reduction in cargo turnover not expected in Latvia in 2015

After meetings with the Russian side regarding mutual cooperation in the transportation sector, it can be concluded that a substantial reduction in cargo turnover is not expected this year, Transport Minister Anrijs Matiss (Unity) told LETA.

27.02.2015

Riga Mayor: Caka Street is doomed to degradation

Aleksandra Caka Street is doomed to degradation, Riga Mayor Nils Usakovs (Harmony) said in an interview with the daily "Neatkariga Rita Avize", cites LETA.

27.02.2015

Baltic countries submit joint application for EU funding for first round of Rail Baltica

The joint-stock company RB Rail and Latvia, Estonia and Lithuania submitted a joint application to the European Commission, seeking funding for the first round of implementation of the Rail Baltica project from the Connecting Europe Facility, as well as the Baltic countries' joint support letter signed by the Baltic transport ministers, LETA learned from Latvian Transport Ministry.

27.02.2015

Latvian transport minister invites Sokolov to Riga summit

Transport Minister of Latvia Anrijs Matiss, who spent yesterday in Moscow, took the opportunity to invite his Russian counterpart – Maxim Sokolov – to the III ASEM Summit in Riga at the end of April 2015, informs LETA.

27.02.2015

Lithuanian Post opens Logistics Centre

On 26 February 2015, Lithuanian Post (Lietuvos pastas) opened Logistics Centre in Ramuciu village, Kaunas district, informs LETA/ELTA.

26.02.2015

A tenth funds needed to build Rail Baltica will be asked in first round

Although the construction of Rail Baltica railway line takes at least 4 to 5 billion euros, the three Baltic states will ask for only a tenth of the cost of building the infrastructure from the European Commission in the first round of funding, LETA/Public Broadcasting reports.

26.02.2015

Daugavpils lokomotivju remonta rupnica turnover decreases by 21.4% in 2014

Joint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) posted EUR 20.2 million in net turnover in 2014, which is 21.4% less than in 2013, according to the company's financial report submitted to "Nasdaq Riga" stock exchange, cites LETA.

26.02.2015

Estonia orders a new ship for Saaremaa-Hiiuma island route

Estonian Maritime Administration and Saaremaa shipbuilder Baltic Workboats signed on Thursday an agreement, at the proposal of the Ministry of Economy, for the construction of a new ferry, which will sail on the Sõru-Triigi route connecting Estonia's biggest islands Saaremaa and Hiiumaa, LETA/Postimees Online reports.

26.02.2015

Tallink's profit fell by 37% in 2014

Estonia's biggest passenger shipping company AS Tallink Grupp informed the Tallinn stock exchange that its unaudited net profit amounted to EUR 27.3 million or EUR 0.04 per share in 2014, which is a 37.1% decrease compared to the previous year, informs LETA.

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