International Internet Magazine. Baltic States news & analytics
Saturday, 19.04.2014, 17:28
The Tallinn Town Council directed to the city council a draft decision to allow all Tallinners to use a vessel on a line Tallinn-Aegna-Tallinn for free, informed LETA the press service of the City of Tallinn.
Keyword tags: Estonia, Good for Business, Legislation, Tourism, Transport
The Transiidikeskuse AS Muuga container terminal handled 61,690 TEU of containers in the first quarter of the year 2014, which was the same level as at the same time in 2013, LETA/Postimees Online reports.
President of Latvia Andris Berzins, during his official visit in Turkey, discussed the economic cooperation and the current events in Ukraine, LETA was informed by the secretariat of the President.
Estonian people have started to order a lot of goods from e-stores abroad and especially the amount of parcels arriving from China is posting records, LETA/Public Broadcasting reports.
According to estimations of Lithuania Post, the number of domestic money orders sent in the course of the current year 2014 has almost doubled if compared with the same period of 2013. The results were mainly determined by expanded number of PayPost outlets and shrinking network of bank units serving customers, informed BC Lithuania Post.
In a press conference today, Transport Minister Anrijs Matiss (Unity) said that there are no indications at the moment that Russian cargo shipments through Latvia could lessen in wake of Europe's sanctions against Russia, however, cargo sources should be diversified anyway, informs LETA/Nozare.lv.
This week the shareholders of airBaltic have approved the annual report of the Latvian airline. airBaltic has achieved a net profit of EUR +1 million for the full year of 2013. airBaltic has surpassed by far its original plans and has turned around the FY2012 loss of EUR -27 million, converting it into a net profit of EUR +1 million for 2013. airBaltic has achieved profitability one year ahead of the initial schedule.
State-owned joint-stock company Latvijad Dzelzcels (Latvian Rail, LDz) posted substantially more in profit last year than previous year – EUR 79.8 million, the company's vice-president Aivars Straksas said during a press conference today, cites LETA/Nozare.lv.
On Tuesday, Foreign Minister Edgars Rinkevics was on a working visit to Finland where he met with the President of Finland Sauli Niinistö, Foreign Minister Erkki Tuomioja, Minister for European Affairs and Foreign Trade Alexander Stubb, and Chairman of the Foreign Affairs Committee of the Finnish Parliament Timo Soini, LETA was informed by the Foreign Ministry.
Tougher sanctions on Russia would harm the business interests of several companies trading with our Eastern neighbour but companies have taken that into account and the effect on the Estonian economy as a whole should most likely be smaller than in Latvia, where transit and trade relations with Russia are closer, writes Äripäev/LETA.
Estonia’s oil product terminals' operator Vopak E.O.S. announced that due to the complicated business environment, it will start cutting its general expenditures and also the number of employees, LETA/Postimees Online reports.
The Baltic States biggest business class planes maintenance centre opened in Tallinn Airport on Tuesday; the total area of hangars is nearly 5,230 m2 and the investment in the complex totalled nearly 5 million euros, LETA/Postimees Online reports.
The fate of Baltic States' speed railway Rail Baltica should become clear in a couple of weeks time, LETA/Postimees writes.
Lithuania's Prime Minister Algirdas Butkevicius claimed he had not heard anything about the intentions of the Polish company PKN ORLEN to sell petroleum refining company ORLEN Lietuva on his visit to Mazeikiai-based company on Monday, cites LETA/ELTA.
Cargo turnover at Latvian ports reached 20.78 million tons in January-March 2014, 9.4% more than in the same period in 2013, the Transport Ministry's Transit Policy Department informed Nozare.lv, cites LETA.