International Internet Magazine. Baltic States news & analytics
Friday, 28.04.2017, 03:21
On April 24, 2017, the Supervisory Board of “RB Rail AS” appointed three new board members to the Management Board of the joint venture: Kaspars Rokens, Ignas Degutis and Deniss Muraško, RB Rail As informed BC.
Keyword tags: Baltic, EU – Baltic States, Latvia, Railways, Transport
The Latvian airline airBaltic has been recognized as one of the most punctual airlines in the world and has received five stars in the OTP Star Ratings system by OAG, the airline informed BC.
On Wednesday, April 19, in South Korea, the JSC Latvian Shipping Company subsidiary LSC Shipmanagement Ltd (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Eagle”. The new tanker is intended for transportation of oil. Her total length is 277 meters and deadweight – 157,000 tons, the LSCM representative informed.
The Estonian governmental transit commission that met after a more than seven-year break on Tuesday discussed raising the competitiveness of Estonian ports and plans for using global trade routes in the future, with representatives of businesses expressing their readiness to search for joint solutions with the Ministry of Economic Affairs and Communications, reports LETA/BNS.
Latvia’s SmartLynx Airlines plans to expand its operations to Asia and North America, including Canada, LETA was told at the company.
The Rail Baltica Global Cost-Benefit Analysis (CBA) presented on April 24 during Rail Baltica Global Forum 2017 confirms that the Rail Baltica project is financially and economically viable. The new study reaffirms the project’s economic feasibility and highly beneficial nature, providing the necessary updated parameters for the project’s continued EU and national co-financing, Rail Baltica Global Forum representatives informed BC.
Rail Baltica Global Forum 2017, a two-day international event devoted to the Rail Baltica project takes place in Riga
Today marks the beginning of the international two-day event Rail Baltica Global Forum 2017 – Building a New Economic Corridor organized by RB Rail AS, a joint venture by the three Baltic States, with the support of the project’s national implementing bodies – Rail Baltic Estonia, Eiropas Dzelzceļa līnijas and Rail Baltica statyba. A live video stream will be accessible both Forum days on www.railbaltica.org/forum.
The line of the Hyperloop ultra-speed train concept developed by the US startup Hyperloop One could be built next to the European-gauge railway Rail Baltica, Lithuania's Transport and Communications Minister Rokas Masiulis said LETA/BNS.
On the 20th of April the Ministry of Health of The Republic of Lithuania signed a 25 year PPP concession contract to design, build and manage the parking infrastructure at Santariskes medical campus in Vilnius. Latuna, a subsidiary of the Lithuanian parking services and management company Unipark, was selected as the preferred bidder for the €14 mln parking infrastructure project, the Invest Lithuania informed BC.
A total of 1.064 mln passengers went through Lithuania's airports in the first quarter if this year, a rise of 16.4% on the same time last year, Statistics Lithuania said.
The poor state of Latvia’s roads cause losses of more than EUR 1 billion to motorists each year, Janis Lange, CEO of Latvijas Valsts Celi (LVC) state road manager, said at an annual conference on road maintenance and construction today.
Lithuanian-owned charter carrier Small Planet Airlines posted 223.1 mln euros in revenue in 2016, up by 22.6% y-o-y, however, ended the year with a loss of 3.8 mln euros after netting a profit of 19.2 million euros in 2015, reports LETA/BNS.
Lietuvos Gelezinkeliai (Lithuanian Railways) has signed an agreement with OTLK, a company set up by Russian, Kazakh and Belarusian railway administrations, that will open the way for freight from China to reach Western Europe via Sestokai, a transshipment hub at the Lithuanian-Polish border, reports LETA/BNS.
Russia is an important partner for Latvia in transport and logistics, said Latvian Transport Ministry’s state secretary Kaspars Ozolins at the 22nd international transport conference TransRussia 2017 in Moscow.
Bad condition of roads in Latvia has caused difficulties to about 20 percent of population in obtaining some or other public services such as visiting a public agency or a doctor, or receiving timely emergency aid, according to the public opinion poll carried out for the Latvian association of road builders, Latvijas Celu Buvetajs citing LETA.