International Internet Magazine. Baltic States news & analytics
Monday, 02.03.2015, 20:56
In 2014, volume of freights in Latvia increased by 2.5%
02.03.2015According to the information on freight transport compiled by the Central Statistical Bureau, in 2014 the total volume of freights carried in main transport sectors has grown by 2.5% as compared to 2013 in Latvia.
Keyword tags: Analytics, Cargo, Good for Business, Latvia, Railways, Transport
Rigas kugu buvetava suffers EUR 1.087 mln losses in 2014
02.03.2015The Riga shipyard Rigas kugu buvetava (RKB) concluded 2014 with gross profit in the amount of EUR 65,244; but net losses in 2014 totaled EUR 1,087,879, according to the company's financial report submitted to the "Nasdaq" Riga Stock Exchange, cites LETA.
Crane assembly plant to triple number of employees at its Paldiski facility
02.03.2015E-profiil, the company that assembles gigantic crane structures at Paldiski, will build the second production plant in near future and will increase the number of employees at Paldiski from 30 to 100, writes Postimees Online, citing local newspaper Harju Elu.
EUR 12 mln to be invested in Wash&Drive self-service car washes in Latvia
02.03.2015More than EUR 12 million will be invested in the development of the first network of self-service car washes in Latvia, Wash&Drive, which will have car washes in more than twenty cities and towns of Latvia, as Wash&Drive board member and co-owner Augusts Iesalnieks told LETA.
Tallink sells Regina Baltica and Silja Festival
27.02.2015Estonia's largest passenger shipping company Tallink informed the Tallinn stock exchange that it has decided to sell its ferries Regina Baltica and Silja Festival, informs LETA.
Tallink and Meyer Turku signed contract for new generation LNG powered fast ferry
Estonia's biggest passenger shipping company AS Tallink Grupp and Meyer Turku Oy signed a contract for the construction of the LNG powered fast ferry for Tallinn-Helsinki route shuttle operations, Tallink announced LETA.
Substantial reduction in cargo turnover not expected in Latvia in 2015
After meetings with the Russian side regarding mutual cooperation in the transportation sector, it can be concluded that a substantial reduction in cargo turnover is not expected this year, Transport Minister Anrijs Matiss (Unity) told LETA.
Riga Mayor: Caka Street is doomed to degradation
Aleksandra Caka Street is doomed to degradation, Riga Mayor Nils Usakovs (Harmony) said in an interview with the daily "Neatkariga Rita Avize", cites LETA.
Baltic countries submit joint application for EU funding for first round of Rail Baltica
The joint-stock company RB Rail and Latvia, Estonia and Lithuania submitted a joint application to the European Commission, seeking funding for the first round of implementation of the Rail Baltica project from the Connecting Europe Facility, as well as the Baltic countries' joint support letter signed by the Baltic transport ministers, LETA learned from Latvian Transport Ministry.
Latvian transport minister invites Sokolov to Riga summit
Transport Minister of Latvia Anrijs Matiss, who spent yesterday in Moscow, took the opportunity to invite his Russian counterpart – Maxim Sokolov – to the III ASEM Summit in Riga at the end of April 2015, informs LETA.
Lithuanian Post opens Logistics Centre
On 26 February 2015, Lithuanian Post (Lietuvos pastas) opened Logistics Centre in Ramuciu village, Kaunas district, informs LETA/ELTA.
A tenth funds needed to build Rail Baltica will be asked in first round
Although the construction of Rail Baltica railway line takes at least 4 to 5 billion euros, the three Baltic states will ask for only a tenth of the cost of building the infrastructure from the European Commission in the first round of funding, LETA/Public Broadcasting reports.
Daugavpils lokomotivju remonta rupnica turnover decreases by 21.4% in 2014
Joint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) posted EUR 20.2 million in net turnover in 2014, which is 21.4% less than in 2013, according to the company's financial report submitted to "Nasdaq Riga" stock exchange, cites LETA.
Estonia orders a new ship for Saaremaa-Hiiuma island route
Estonian Maritime Administration and Saaremaa shipbuilder Baltic Workboats signed on Thursday an agreement, at the proposal of the Ministry of Economy, for the construction of a new ferry, which will sail on the Sõru-Triigi route connecting Estonia's biggest islands Saaremaa and Hiiumaa, LETA/Postimees Online reports.
Tallink's profit fell by 37% in 2014
Estonia's biggest passenger shipping company AS Tallink Grupp informed the Tallinn stock exchange that its unaudited net profit amounted to EUR 27.3 million or EUR 0.04 per share in 2014, which is a 37.1% decrease compared to the previous year, informs LETA.
Future of tomorrows’ economy: incentives for business 
