International Internet Magazine. Baltic States news & analytics
Friday, 27.05.2016, 17:15
Estonian Finance Minister Sven Sester, who was on a visit in Kazakhstani capital city Astana, said that Estonia could be a potential logistics partner for Kazakhstan in transporting goods from China to the Scandinavia, informs LETA/BNS.
Ventspils nafta terminals (VNT), one of the largest taxpayers in Ventspils and the largest contributor to the cargo turnover in the Ventspils Freeport, is in the process of investing EUR 5 million into the installation of a permanent vapour recovery unit (VRU) in the port of Ventspils.
Latvijas Kugnieciba (Latvian Shipping Company) and its subsidiaries generated EUR 22.48 million in turnover in the first quarter of 2016, up 19.2% year-on-year, while its profit expanded 81.5% to EUR 3.986 million, informs LETA, according to the financial statements submitted to the Nasdaq Riga stock exchange.
Klaipedos Nafta (Klaipeda Oil), Lithuania's state-controlled liquefied natural gas (LNG) terminals operator, may continue developing the joint LNG reloading station project together with Germany's LNG supplier Bomin Linde LNG, Lithuania's Energy Minister Rokas Masiulis told BNS on May 26th, cites LETA.
Latvia at present is planning development of a new logistics park in Salaspils near Riga to link the Russian railway and European railway lines, Transport Minister Uldis Augulis (Greens/Farmers) reported at Astana Economic Forum on May 25th, cites LETA.
Tatjana Poplavska, an indirect co-owner of the joint-stock egg producer Balticovo, is the richest woman in Latvia with an estimated worth of EUR 30 million, as the Kapitals business magazine's representative Raimonds Locmelis told LETA.
Consolidates sales of Daugavpils Lokomotivju Remonta Rupnica (DLRR), the train engine repair group based in the south-eastern Latvian city of Daugavpils, shrank 37% in the first quarter of 2016 to EUR 2.3 million, the company said in a statement to the Nasdaq Riga stock exchange, cites LETA.
Since the establishment of BAA Training’s Ab Initio School in 2011, the company has welcomed twelve students from Ukraine for various airplane and helicopter pilot license training courses in Lithuania. Over the years, Ukrainian students have carved their way to Lithuanian aviation school, which is then followed by the successful employment at the companies of their home country or abroad.
Latvia has proposed to Kazakhstan to work together on an offer for international transportation and logistics between China and Europe and to become strategic partners in Eurasian transport, the Latvian Transport Ministry said LETA.
Uber, a US-based international ride-sharing network that launched operations in Lithuania last fall, opened an engineering center and a ride-sharing services support unit in Vilnius on May 25th. The sum invested in the center is withheld, reports LETA/BNS.
Tallinna Linnatranspordi AS, the public transport company of City of Tallinn, received 59.6 million euros from the city for the provision of service in 2015; the company was given 56.3 million euros for the acquisition of fixed assets and its accounting profit for the period was 59.6 million, informs LETA/BNS.
The Lithuanian company Transaviabaltika has won a tender of the Ministry of Economic Affairs and Communications to operate subsidized flights between the mainland and Estonia's large western islands, informs LETA/BNS.
The European Commission (EC), which is about to complete the investigation initiated by Poland's Orlen into the railway stretch to Renge, Latvia, dismantled by Lietuvos Gelezinkeliai (Lithuanian Railways) proposes two solutions, Lithuanian Transport and Communications Minister Rimantas Sinkevicius says, cites LETA/BNS.
The European Union (EU) should grant Ukraine and Georgia visa-free travels as soon as possible, Lithuania's Prime Minister Algirdas Butkevicius said at a meeting with Czech Parliamentary Speaker Jan Jamacek in Prague on May 24th, informs LETA/BNS.
In relation to Rail Baltica high-speed rail project, it is important that the Baltic states conclude an intergovernmental agreement as soon as possible in order to speed up the project and demonstrate that the Baltic states have a common stance. Otherwise, financing to the project might be threatened, said Dins Merirands, Transport Ministry’s deputy state secretary and a board member in Eiropas Dzelzcela Linijas (EDL, European Railway Lines), the Latvian shareholder in RB Rail that is implementing the Rail Baltica project, cites LETA.