Transport

International Internet Magazine. Baltic States news & analytics Saturday, 30.04.2016, 02:37

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Riga Electric Machine Building Works posts EUR 235,432 in audited loss in 2015

Riga Electric Machine Building Works posts EUR 235,432 in audited loss in 2015

29.04.2016

Latvia’s Rigas Elektromasinbuves Rupnica (Riga Electric Machine Building Works, RER) electric equipment maker last year sustained loss worth EUR 235,432 in contrast to a profit of EUR 42,116 in 2014, according to the company's audited financial report submitted to the Nasdaq Riga stock exchange, cites LETA.

Keyword tags: Latvia, Technology, Transport



Baltic States should not hesitate with agreement on Rail Baltica projects

Baltic States should not hesitate with agreement on Rail Baltica projects

29.04.2016

The Baltic States should not hesitate with the agreement on Rail Baltica project for construction of the European standard-gauge railroad that would establish a direct connection between the Baltic States and the European railway network, said Catherine Trautmann, European Coordinator for the North Sea–Baltic core network corridor, in an interview with LETA.

Latvian PM Kucinskis met PM of Lower Saxony

Latvian PM Kucinskis met PM of Lower Saxony

29.04.2016

On Thursday, 28 April, Prime Minister Maris Kucinskis met Stephan Weil, Prime Minister of Lower Saxony in Hannover, informed BC press secretary to the Prime Minister Andrejs Vaivars.


Riga airport to get EUR 11.5 mln from Cohesion Fund for improving security

Riga airport to get EUR 11.5 mln from Cohesion Fund for improving security

28.04.2016

EUR 11.48 million from the EU Cohesion Fund have been earmarked for Riga International Airport in the programming period 2014-2020 in order to reduce the airport’s impact on the environment, improve security and increase the energy efficiency of the airport’s infrastructure, informs LETA.

SEB Lithuania: oil price to stay above US 40 a barrel in 2016

SEB Lithuania: oil price to stay above US 40 a barrel in 2016

28.04.2016

Analysts at SEB Bankas, Lithuania's largest commercial bank by assets, expect that a decline in the global oil supply will keep crude prices more stable this year and forecast that the average oil price in 2016 will stay above 40 US dollars per barrel, informs LETA/BNS.

28.04.2016

Turnover of Latvia’s state road manager grew by 12% in 2015

Latvijas Valsts Celi (LVC) state road manager last year generated EUR 13.6 million in turnover, up 12% from 2014, while the company's profit was EUR 57,793, according to the company's financial report published on Firmas.lv business database, cites LETA.

28.04.2016

Skoda to supply first new low-deck trams to Riga in April 2017

Rigas Satiksme municipal public transport company will receive the first low-deck tram from Czech company Skoda Transportation (Skoda) in April 2017, said Rigas Satiksme representatives, announcing the winner of the tender on procurement of trams on April 27th, cites LETA.

28.04.2016

Director general wants Estonian police officers' pay to be tied to average salary

Director general of the Estonian Police and Border Guard Board (PPA) Elmar Vaher would like a political agreement to be made regarding the salary of police officers and for it to be tied to the country's average salary, for instance, reports LETA/BNS.

28.04.2016

EU commission tentatively agrees to Statoil-Litgas joint venture

The European Commission tentatively agrees to Norway's Statoil and Lithuania's Litgas setting up a joint venture for small-scale LNG supply, informs LETA/BNS.

28.04.2016

Estonian Railways not to get budget support to make up for reduction in transit

The government does not plan to support the state-owned railway infrastructure company Estonian Railways from the state budget to compensate for the fall in transit traffic, because the Ministry of Economic Affairs and Communications has sufficient resources of its own, Finance Minister Sven Sester said on April 27th, cites LETA/BNS.

28.04.2016

Lithuanian tax body and Uber sign memorandum on exchanging data about drivers

Uber, a US-based international ride-sharing network that launched operations in Lithuania last fall, and the State Tax Inspectorate (VMI) on April 27th signed a memorandum that will allow exchanging information about drivers in the Uber system, reporting their income and paying taxes, informs LETA/BNS.

28.04.2016

Lithuanian Railways, Germany's DB Cargo sign freight forwarding agreement

Germany's DB Cargo, Europe's largest rail freight company, and Lietuvos Gelezinkeliai (Lithuanian Railways) have signed a freight forwarding agreement, informs LETA/BNS.

27.04.2016

Latvian police could use nets to catch drones

The Interior Ministry in Latvia does not have special equipment to interrupt unlawful flights by unmanned aerial vehicles or drones, but the State Police, based on foreign colleagues' experience, recommend using nets to intercept drones, which would require approximately EUR 180,000 from the state budget, informs LETA.

27.04.2016

Austria's AMIC takes over Lukoil's filling stations in Lithuania

Austria's AMIC Energy Management has taken over the chain of filling stations in Lithuania operated by the Russian oil concern Lukoil, informs LETA/BNS.

27.04.2016

Alexela Oil lifts Q1 sales by 1%

Sales revenue of the Estonian fuel seller Alexela Oil in the first quarter of 2016 was 1% bigger than the year before, totaling 25 million euros, and the company's profit was 1 million euros, informs LETA/BNS.

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