International Internet Magazine. Baltic States news & analytics
Tuesday, 29.07.2014, 13:42
The half-year profit of Port of Tallinn increased by 16% to 20.2 million euros
29.07.2014Port 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 Q1 profits increase of 152%
28.07.2014Ryanair, 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.
"airBaltic" resumes flights to Tel Aviv
25.07.2014Latvian national airline "airBaltic" will resume flights between Riga and Tel Aviv tomorrow according to the schedule, reports NOZARE.LV/LETA reffering to "airBaltic" company.
"Pasazieru vilciens" yet to decide whether to buy or lease new trains
25.07.2014The 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 deal
24.07.2014Prime 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.
New "Pasazieru vilciens" board halts train procurement process
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.
European and state support brought Estonian company Elron giant profit
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.
"AirBaltic" cancels flight to Tel Aviv today due to security reasons
Due to security reasons, airBaltic has cancelled the Riga-Tel Aviv flight today, according to a post on airBaltic official Twitter account, informs LETA.
All three Lithuanian deputy transport mins returned to their offices
Saulius Girdauskas, Vladislovas Kondratovicius and Arijandas Sliupas - all the three Deputy Ministers of Transport and Communications - have been reappointed to their offices, informs LETA.
Russian naval ship observed near Latvian territorial waters on Tuesday july 22nd
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.
airBaltic has become world’s first Aarline to accept Bitcoin
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.
Two Russian jets detected at Latvian border past weekend
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.
"AirDog" raises USD 1 million; will be provided with new feature
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".
Half Lithuanian drivers use non-hands-free telephones while driving - survey
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.
Tallink sends Silja Europa to Australia
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.
Baltics’ people attitude towards EU
