International Internet Magazine. Baltic States news & analytics
Saturday, 28.11.2015, 04:17
The CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) says that Lietuvos Juru Laivininkyste's (Lithuanian Shipping Company, or LJL) bankruptcy is inevitable and that the shipping company's majority shareholder and SEB Bankas, its biggest creditor, have agreed to provide 1.2 million euros to ensure that the ships and their crews can safely return to European ports, informs LETA.
Keyword tags: EU – Baltic States, Financial Services, Legislation, Lithuania, Port, Railways, Transport
Joint-stock shipping company Latvijas Kugnieciba (Latvian Shipping Company) and its subsidiaries (LSC Group) recorded a loss of USD 1.41 million for the first nine months of the year, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, informs LETA.
Latvian national airline airBaltic will receive its first shipment of ''Bombardier C Series'' aircraft in September 2016, the company informed LETA.
Joint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 26.89 million in profit in the first nine months of the year 2015, informs LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
Danish-owned, Klaipeda-based ferry operator DFDS Seaways saw its revenues from operations in the Baltic Sea region shrink by approximately 3% in the first nine months of 2015 from the same period last year, to 129.4 million euros, cites LETA/BNS.
On November 26th, Prime Minister Laimdota Straujuma met President of China Xi Jinping and Prime Minister of China Li Keqiang in Beijing – the capital city of China. During both meetings, L. Straujuma expressed gratitude for excellent organization of 16 + 1 Summit, during which a clear perspective on future cooperation between China and Central and Eastern Europe was reached.
On November 26th, Latvian Prime Minister Laimdota Straujuma met Chinese President Xi Jinping and the Prime Minister of China Li Keqiang in Beijing, LETA was informed by the State Chancellery's communications department.
Linava, the Lithuanian national road carriers’ association, has warned against exacerbating the relations with Russia, informs LETA/BNS.
Today the Latvian airline airBaltic welcomed a Bombardier CSeries aircraft to Riga, Latvia, as part of CS100 demo tour to Northern Europe, informed BC Janis Vanags.
Agreements recently signed between Lithuania and China will make it possible to treat Lithuania as a strategic partner for Beijing in its Silk Road Initiative, Lithuania’s Prime Minister Algirdas Butkevicius has said, cites LETA/BNS.
German-owned insurer Lampe & Schwartze has taken Lietuvos Juru Laivininkyste (Lithuanian Shipping Company, or LJL) to court to recover a debt of 700,000 euros from the state-controlled shipping company, which is teetering on the brink of bankruptcy, reports LETA/BNS.
The Lithuanian Foreign Ministry on November 24th sent a note to the Russian Foreign Ministry over a levy imposed on heavy trucks for using the country's roads, reports LETA.
Lithuania's new heavy truck sales grew at the highest annual rate in the EU in the ten months through October, figures from the European Automobile Manufacturers' Association (ACEA) showed on Thursday, cites LETA/BNS.
China Merchants Group (CMG) signed in Beijing on Thursday agreements with the Klaipeda Free Economic Zone (FEZ) and the Klaipeda port authority as part of its plans to expand in the Lithuanian seaport, informs LETA/BNS.
According to Estonian Minister of Economic Affairs and Infrastructure Kristen Michal, who got familiar with the cost-benefit analysis of relaunching the Montu-Ventspils route between Estonia's Saaremaa Island and mainland Latvia, the idea might have potential, reports Saarte Haal, a regional newspaper owned by ferry businessman Vjatseslav Leedo, cites LETA/BNS.