International Internet Magazine. Baltic States news & analytics
Tuesday, 29.07.2014, 13:42
Port of Tallinn (AS Tallinna Sadam) earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover increased by 7% and the net profit by 16%, reported BC Marko Raid, the Chief Financial Officer of Port of Tallinn.
Keyword tags: Estonia, Financial Services, Good for Business, Port, Transport
Ryanair, Europe’s biggest low fares airline today (July 28) announced a Q1 Net Profit of €197m, an increase of 152% over last year, although cautioned that this result was distorted by the timing of a very strong Easter in Q1 with no holiday period in the prior year comparable. Traffic grew to 24.3m as load factors rose by 4% points to 86%. Average fare rose by 9%, boosted by a strong Easter period, while total revenues were up 11% to €1.496bn. Unit costs fell by 2%, excluding fuel they rose by 1%б reported BC Howard Millar from Ryanair Holdings plc.
Latvian national airline "airBaltic" will resume flights between Riga and Tel Aviv tomorrow according to the schedule, reports NOZARE.LV/LETA reffering to "airBaltic" company.
The new board of "Pasazieru vilciens" will soon decide whether to buy new trains or lease them, informs NOZARE.LV/LETA reffering to CEO of "Pasazieru vilciens" Andris Lubans.
Prime Minister of Latvia Laimdota Straujuma approves of halt to "Pasazieru vilciens" train procurement deal24.07.2014
Prime Minister Laimdota Straujuma (Unity) approves of the decision by the new board of the joint-stock company "Pasazieru vilciens" (Passenger Train) to halt the new train procurement deal, informs LETA reffering premier's press secretary Dzeina Tamulevica.
The new board at the joint-stock company "Pasazieru vilciens" (Passenger Train) decided today to halt the procurement of new trains for the company, saying that going on with the procurement deal would be damaging to the company's interests and financial situation, informs LETA.
The 75.4 million euro funding by the European Commission and the Estonian government for buying new trains brought Estonian state-owned passenger train company Elron last year 68.6 million euros of profit, informs LETA reffering to Postimees.
Due to security reasons, airBaltic has cancelled the Riga-Tel Aviv flight today, according to a post on airBaltic official Twitter account, informs LETA.
Saulius Girdauskas, Vladislovas Kondratovicius and Arijandas Sliupas - all the three Deputy Ministers of Transport and Communications - have been reappointed to their offices, informs LETA.
Today, near the coastal city of Liepaja, a Russian naval ship was observed near Latvian territorial waters, the National Armed Forces informed LETA, informs LETA.
Latvian airline airBaltic has become the world’s first airline to accept Bitcoin as payment for its tickets to 60 destinations in Europe, Middle East, Russia and the CIS, reperted BC Janis Vanags, Vice President Corporate Communications.
NATO patrol jets detected two Russian fighter jets "Su-24" near the territorial waters of Latvia in the Baltic Sea last weekend, informs LETA reffering to the National Armed Forces.
World's first auto-follow action sports drone "AirDog" has raised USD 1,044,260 (EUR 772,096) on the crowd-funding platform "Kickstarter" with about 1,070 backers, informs LETA reffering to the business portal "Nozare.lv".
Every second driver disregards the ban to use a non-hands-free telephone while driving, a survey carried out by Lithuanian non-life insurance company Lietuvos Draudimas has revealed, informs LETA/ELTA.
Estonian passenger shipping company AS Tallink Grupp and Bridgemans Services Ltd. have entered into a charter agreement to charter the cruise ferry Silja Europa to Australia from August 2014 as an accommodation vessel, Tallink informed the Tallinn stock exchange, informs LETA.