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Wednesday 22.02.2017 | Name days: Rigonda, Adrians, Ārija

TM: TEN-T railway network’s improvements to be co-financed from Cohesion Fund

On Tuesday, 31 January, the Cabinet of Minister approved rules for the use of co-financing provided by the Cohesion Fund for the railway electrification project.

Baltics sign agreement on realization of Rail Baltica project

On Tuesday, 31 January, in Tallinn Latvian Prime Minister Maris Kucinskis, Estonian Prime Minister Jüri Ratas and Lithuanian Prime Minister Saulius Skvernelis signed an inter-governmental agreement on the realization of Rail Baltica project, as BNN was informed by the prime minister’s press-secretary Andrejs Vaivars.

Estonian manufacturing production up in 2016

The total manufacturing production of Estonian companies increased by two percent in 2016, according to initial estimates by Statistics Estonia.

De Facto: Estonian fast loan company may have been laundering money

Authorities suspect that Estonian MiniCredit fast loan company was being used as a money laundering machine over the course of many years. Millions of euros went through it, as reported by De Facto programme of LTV.

RB Rail offices founded in Lithuania and Estonia

Latvian-based joint Baltic company RB Rail entrusted with the coordination of Rail Baltica project has opened offices in Lithuania and Estonia.

VNT: current situation creates risks for investments in VRU project

Paying its tribute to the commitment towards environmental protection, Ventspils nafta termināls within the process of installation of a permanent vapour recovery unit (VRU) has placed an order for purchase of the VRU equipment for 3 million euro from US supplier.

Agreement signed to improve funding opportunities for small businesses in Baltics

UniCredit Leasing and European Investment Fund have signed InnovFin guarantee agreement to improve funding options for small and medium businesses in Baltics.

LDz opens an office in Belarus to better attract Chinese cargoes

To improve cooperation between Latvia and Belarus in the field of railway transports and further enhance cooperation in transit and logistics, LDz opened an official permanent office in Minsk, Belarus on 24 January, as confirmed by LDz representative Ella Petermane.

Logistics Industry Council assesses results of 16+1 summit

Experts say container cargoes have the potential to bring major contribution to the logistics sector. With that, LDz Logistics intends to continue organizing the next container train from China, as well as cooperate with partners from Belarus and China in the context of the Great Stone industrial park, as BNN was informed by Transport Ministry’s representative Ilze Greiskalna.

Oil price on a rise in the world; exchange indexes decline in USA and Europe

The price of oil in the world this morning, 18 January, grew in relation to US dollar’s value drop and expectations regarding commercial oil reserves in USA, which compensates on the market the influence from predictions in Russia and USA about oil production increase by the end of 2017.