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Tuesday 20.03.2018 | Name days: Made, Irbe

Rail Baltica station’s construction at Riga airport will cost EUR 4.5 million

Creation of a separate railway station and related infrastructure at Riga International Airport as part of Rail Baltica project will cost EUR 4.5 million, says the project’s manager in Latvia and board member of European Railway Lines company Andris Linužs.

Olainfarm’s sales volume increased by 16% over the course of the year

Provisional consolidated data from Olainfarm for February 2018 shows that product sales volumes have reached EUR 10.69 million, which is 33% more when compared with the same period of 2017.

Members of the European Parliament propose avoiding «trade wars»

MEPs emphasized in debates regarding the trade restrictions imposed by USA that European Union should not get involved in a trade war, and be ready to protect its citizens, as BNN was told by EP Information office in Latvia.

Changes to natural gas tariffs in Latvia; bills expected to increase

New natural gas transmission system tariffs will allow more efficient use of connections, said chairperson of Latvijas gāze’s subsidiary Gaso Ilze Pētersone-Godmane in an interview to Latvijas Radio on Wednesday, 14 March.

MEP: Baltics have to do their homework in Rail Baltica project

Baltic States have to do a considerable amount of homework in relation to Rail Baltica project. Some of the homework should be done within weeks and months, says member of the European Parliament Roberts Zīle.

Expert: there are two extremes observed in financial markets

There are two extremes currently observed – on one hand, there are very positive economic trends observed around the world, but on the other hand, there is also the continued growth of interest rates accompanied by nervousness among investors, says Luminor Deposit Advisory Office manager in Baltic States Anželika Dobrovoļska.

Baltic railway companies agree on creation of a unified container train route

On Monday, 12 March, a meeting was held among the heads of Latvia’s, Lithuania’s and Estonia’s railway companies for the first time. Officials discussed the organization of an inter-modal Amber Trail container train route, as reported by Latvijas dzelzceļš.

Bank: Latvia’s exports on the rise in a time when the world is worried about trade wars

«Although the export year commenced with a high jump, it is not possible to hold such a high bar throughout the entire year. Growing external demand will help, considering stable economic growth in our partner countries,» predicts Swedbank economist Agnese Buceniece.

Maxima Latvija to invest EUR 1.3 million in self-service checkouts

Maxima Latvija plans to continue developing its self-service checkout services in 16 stores across Latvia, as BNN was informed by the company.

Rīgas namu pārvaldnieks’ profits declined 19.5% last year

According to provisional data, turnover of Rīgas namu pārvaldnieks was EUR 55.098 million in 2017, which is 6.6% less when compared to 2016. Company’s profits declined by 19.5% to EUR 407,023, as detailed in information published by the company.

Strike in HKScan's meat factory in Estonia continues for month

In the Estonian Rakvere Meat Processing Plant, owned by Finnish HKScan, a strike has been continuing for a month and the plant's management has not clarified whether or not it would raise wages to strikers.

In support of Baltic micro-businesses, EU guarantees 123 million euros in loans

To improve access to business loans for micro-businesses in the Baltic states, the European Investment Fund has concluded a deal with Swedbank have signed a micro-finance agreement to ensure EUR 123 million in financial support in line with the EU Programme for Employment and Social Innovation.