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Saturday, 02.08.2025, 10:26
Riga Port’s cargo turnover surpasses cautious forecasts in 11 months
During 11 months of 2015, 36.5 million tons of various cargo were handled at the Freeport of Riga, which is by 2.1% or 0.77 million tons less than during the reference period in 2014. Although this year the volume of cargo has declined, in general it is the second most successful period in the history of the port, reports BC the press service.
First plane of Nordic Aviation to take off in January
Estonian airline Nordic Aviation Group is to start operating its first flights with the company's own airplane in January 2016 with its own Estonian-speaking crew, reports LETA/BNS.
Management of Estravel buys company from Finnair
Aivo Takis Finance OU, a company owned by head of Estonian travel company Estravel AS Aivar Takis, bought from the company's current owner SMT, a subsidiary of Finnair, its 71-% holding in the company after which Estravel is once again fully owned by Estonians, reports LETA/BNS.
Container сargo drop at the Freeport of Riga is the least in 2015
One of the priorities of the Freeport of Riga Authority for 2015 is the activity “Dredging of access channel for vessels entering Riga port”. Due to the continuous dredging of the riverbed of Daugava, which started in 2008, the port has been implementing the opportunity to serve larger vessels. During 10 months of 2015 the port handled an average of 3027 vessels, most of them being dry cargo vessels – 1303, 640 tankers, 475 container ships and 333 bulk carriers, reported BC port’s press service.
All five bidders qualify for second round of talks on new trains for Pasazieru vilciens
Procurement commission at the joint-stock company Pasazieru vilciens (Passenger Train) has approved launching negotiations with all five prospective suppliers of electric trains for the company, as LETA learned at Pasazieru vilciens.
Bankruptcy of Estonian Air announced
The Harju county court on December 29th announced the bankruptcy of Estonian Air and the first meeting of creditors is scheduled to take place on January 15, 2016, reports LETA/BNS.
Business revenue of Eesti Post to total EUR 67.2 mln in 2016
According to a financial forecast, the operating revenue of the Estonian state-owned postal company Eesti Post is to increase from 60 million euros in 2014 to 64 million euros in 2015 and to 67.2 million euros in 2016, informs LETA/BNS.
Court ruling declaring Lithuania’s LJL bankrupt comes into force
The ruling of the Regional Court of Klaipeda declaring state-owned Lietuvos Juru Laivininkyste (Lithuanian Shipping Company, or LJL) bankrupt has come into force on December 29th, reports LETA/BNS.
Adria Airways privatization not to affect Estonia's Nordic Aviation Group
According to the news portal balkans.com, the Slovenian government is likely to sell the state-owned carrier Adria Airways into private hands; the Estonian airline Nordic Aviation Group that orders flights from the Slovenian company says it would not be affected by the partner's potential privatization, reports LETA/BNS.
Lukoil’s assets in Lithuania and Latvia could be acquired by local companies
Lukoil’s chain of filling stations in Lithuania and Latvia, which the Russian oil company has decided to sell, might be acquired by local market players, chief economist at Swedbank Lithuania Nerijus Maciulis believes, informs LETA/BNS.
Profit of Tallinn Port forecasted to exceed EUR 50 mln in 2018
The net profit of the state-owned Estonian port operator Port of Tallinn should according to financial forecasts cross the 50 million euro mark in 2018 when the company is expected to make a profit of 52.4 million euros, reports LETA/BNS.
Loss of Estonian Railways to rise to EUR 9 mln in 2015
According to financial forecasts for the outgoing year, the state-owned railway companies Estonian Railways and EVR Cargo will end the year 2015 with losses of nine million and three million euros, respectively, reports LETA/BNS.
Lithuanian Road PPP project Vilnius-Utena has been approved
A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has been approved by the Lithuanian Parliament on the 22nd of December, 2015. According to Mr. Tadas Jagminas, Director of the Project Management Department of Invest Lithuania, the project will be the largest ever PPP project in the road sector in Lithuania, reported BC Irmantas Butkauskas.
In November, turnover of retail trade and repair of motor vehicles enterprises in Lithuania decreased by 9.2%
Statistics Lithuania informs that, based on provisional data, in November 2015, the turnover (VAT excluded) of enterprises engaged in wholesale and retail trade and repair of motor vehicles and motorcycles amounted to EUR 213.4 million and, against October 2015, decreased by 9.2% at constant prices, informs LETA/BNS.
airBaltic launches Riga – Verona and Riga – Salzburg
On December 26, 2016, the Latvian airline airBaltic launched two new routes Riga- Verona and Riga – Salzburg for winter holidaymakers, informed BC Janis Vanags.
«The Baltic Course» Is Sold and Stays in Business!
