Transport

International Internet Magazine. Baltic States news & analytics Monday, 23.10.2017, 10:38

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Lithuanian railways to pay EC fine or provide security by January 2018

Lithuanian railways to pay EC fine or provide security by January 2018

23.10.2017

Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the state-run company that intends to appeal against the European Commission's (EC) fine of nearly 28 million euros, must pay the fine within three months or provide a security of an EC-accepted bank, writes LETA/BNS.

Keyword tags: EU – Baltic States, Financial Services, Latvia, Legislation, Lithuania, Railways, Transport



EVR Cargo to rent railcars to Finnish, Lithuanian companies

EVR Cargo to rent railcars to Finnish, Lithuanian companies

23.10.2017

The Estonian state owned rail cargo operator AS EVR Cargo is set to hand over to the Finnish lessee the last of the container platforms by the end of October 2017, informs LETA/BNS.

Estonian ministry to give municipalities EUR 15 mln under transit roads program

Estonian ministry to give municipalities EUR 15 mln under transit roads program

23.10.2017

Estonia's Minister of Economic Affairs and Infrastructure Kadri Simson on October 19th signed a regulation on investment support for local roads that will see 15 million euros disbursed to municipalities over a period of two years, writes LETA/BNS.


Estonian transit stands to gain from climate change

Estonian transit stands to gain from climate change

20.10.2017

The north-south trade route emerging as a new option for the transport of goods as a result of climate change is one of the exciting future possibilities for Estonia, Marko Mihkelson, chairman of the foreign affairs committee of the parliament of Estonia, said in his opening speech at a conference in Helsinki on Friday, informs LETA/BNS.

RB RAIL switches to electronic procurement system

RB RAIL switches to electronic procurement system

20.10.2017

Due to changes in the Latvian Public Procurement law, all Rail Baltica tender applications administered by RB RAIL AS onwards will be processed using free of charge electronic information system and its sub-system e-tender. The Electronic Procurement System (EPS) is currently an alternative to previous application and proposal submission system in Latvia that will completely replace the previous system of paper proposal submission, informed BC communications and government affairs manager Ilze Rassa.


20.10.2017

Capfield: Porto Franco in Tallinn would be good for port area's development

Speaking on the sidelines of the opening of the Nautica shopping center after a comprehensive overhaul on October 19th, Ruben Gornischeff, board member of Nautica's developer Capfield OU, said that completion of the Porto Franco center situated not far from Nautica would be good for the development of the entire area of the Tallinn passenger port, informs LETA/BNS.

20.10.2017

Foreign, Lithuanian firms eye investment in aircraft repairs at Kaunas FEZ

At least four foreign and one Lithuanian companies are interested in aircraft maintenance, repairs and overhaul (MRO) at the Kaunas free economic zone (FEZ), however, the investments that would create up to 2,000 well-paid jobs with an average monthly salary of over 2,000 euros are stalled by the government's indecision, Verslo Zinios business daily said, cites LETA/BNS.

19.10.2017

LDz: Lithuania's rhetoric on Renge railroad section understandable

Lithuania’s rhetoric that Latvijas Dzelzcels (LDz, Latvian Railways) rail company has no reasons to claim compensations for the dismantling of the Mazeikai-Renge railroad section is quite understandable, given Lithuanian media reports that the fines would have to be paid with taxpayers’ money, LDz representative Maris Ozols told LETA.

19.10.2017

Orlen Lietuva nets EUR 140 mln in profit in Q1-3

Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 140.8 million euros (USD 165.4 mln) for the first nine months of 2017, up 16%, from 120.9 million euros (USD 142.1 mln), a year ago, reports LETA/BNS.

19.10.2017

SBA concern to build EUR 22 mln logistics center, furniture component plant in Lithuania

SBA concern, which operates seven furniture factories in Lithuania, Russia and Belarus, will invest 22 million euros in construction of a logistics center and a factory of furniture components close to Lithuania's port city of Klaipeda, with the construction planned to start next spring, reports LETA/BNS.

19.10.2017

Estonia to make payment of EUR 1.7 mln to Rail Baltic joint venture

On October 19th, the Estonian government supported making a down payment of 1.7 million euros to the Estonian enterprise OU Rail Baltic of the Rail Baltic joint venture RB Rail AS to cover its operating costs, informs LETA/BNS.

19.10.2017

European business needs a seamless customs transition to avoid a heavy blow from Brexit

Brexit Transitional Period must be agreed as soon as possible to protect EU and UK competitiveness and ensure a frictionless customs and trade environment can be maintained, say top European businesses and trade bodies, reported BC CER's press service.

19.10.2017

Airbus/Bombardier deal will also increase airBaltic's value

The deal between the European aircraft manufacturer Airbus and Canadian manufacturer Bombardier on the purchase of majority shares in Bombardier's C-Series jet project also increases the value of Latvia's national airline airBaltic, aviation expert Talis Linkaits told LETA.

19.10.2017

Turnover of TNT Latvia reached EUR 4.25 mln in 5 months

TNT Latvia transportation company in the first five months of 2017 generated EUR 4.25 million in turnover, while its profit reached EUR 170,564, writes LETA, according to Firmas.lv business database.

19.10.2017

Estonian minister discusses combating spread of fentanyl with Maryland deputy governor

Estonian Minister of the Interior Andres Anvelt and Maryland Deputy Governor Boyd Rutherford on Wednesday exchanged experience on the fight against illicit drugs, mostly fentanyl, as the use of synthetic opioids is a big problem both in Estonia and the United States, informs LETA/BNS.

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