International Internet Magazine. Baltic States news & analytics
Friday, 28.11.2014, 01:01
Julius Misiunas, deputy president of the Lithuanian National Road Carriers' Association Linava, says that Russia is applying stricter inspection rules to Lithuanian trucks at the border because Russia had refused to participate in the TIR system activities and so no longer has means to ensure transparent transportation of goods into the country, informs LETA/ELTA.
Keyword tags: Baltic States – CIS, Legislation, Lithuania, Russia, Transport
If Russia completely closed all roads for goods and logistics from Lithuania, it would cost up to 4% of GDP to our economy, said Lithuanian Prime Minister Algirdas Butkevicius, adding that he does not believe in this worst-case scenario, writes LETA/ELTA.
On 26 November, in Tbilisi, during the official visit to Georgia of the President of Latvia, Andris Bērziņš, the Foreign Minister of Latvia, Edgars Rinkevics met with the Foreign Minister of Georgia, Tamar Beruchashvili. Edgars Rinkevics congratulated Tamar Beruchashvili as Foreign Minister and expressed his support for the progress made by Georgia in the area of integration with Euro-Atlantic structures and the implementation of reforms, informed BC the Latvian MFA.
Even though Russia's sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania's gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedre Geciauskiene, cites LETA/ELTA.
Latvian citizens allegedly brought people from the Baltic States to Great Britain forcing them into labor for wages as low as GBP 1 per week, according to evidence presented in a British court, cites BBC/LETA.
Latvia needs investments in transport and energy infrastructure that will increase the country's competitiveness, according Latvia released along with the European Commission's investment plan today, reports DPA/LETA.
A total of 3,795 new automobiles were sold in Latvia in the third quarter this year, which is 20% more than in the third quarter of 2013, according to the Latauto.lv classified advertisements website.
The joint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) consolidated turnover was EUR 17.372 million in the first nine months of 2014, which is 15.9% less than in the first nine months of 2013, according to the company's financial report submitted to the "Nasdaq Riga" stock exchange, informs LETA.
Construction company Latvijas tilti has finished a EUR 7.38 million project in Lithuania, according to the company's announcement submitted to the "Nasdaq Riga" stock exchange, reports LETA.
The transport industry's losses could amount to EUR 1 billion if Latvian-Russian relations become worse, the Economy Ministry of Latvia informed the government yesterday, cites LETA.
President Dalia Grybauskaite attended the launching ceremony of Klaipeda University maritime research vessel Mintis. According to the president, the modern ship will ensure freedom for scientific activities and will help Lithuania to consolidate its position in the field of maritime research and innovation, reports LETA/ELTA.
The state should increase funding for Riga municipal public transport company Rigas satiksme, or the price for tickets in Riga could be raised, Riga Vice-Mayor Andris Ameriks (Honor to Serve Riga) said in an interview with LTV channel this morning, cites LETA.
The Lithuanian National Road Carriers' Association Linava says it has received an internal-use document of the Russian customs which sets out orders to apply stricter inspection to Lithuanian vehicles and cargos temporarily, informs LETA/ELTA.
Following three ministries' proposals, the government replaced several board members at Ventspils, Liepaja and Riga ports today, informs LETA.
Lithuanian carriers have received good news as the representatives of Lithuania and Kazakhstan agreed to increase the annual quota of universal permits by 500 units. In addition, the quota of permits to be exchanged for year 2014 was also increased, reports LETA/ELTA.