bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 27.05.2017 | Name days: Loreta, Dzidra, Gunita, Dzidris
LatviaLatvia

Doubts voiced about Silk Road if it leads one way

FaceBook
Twitter
Draugiem
print
(+1 rating, 1 votes)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUTo ensure more cargoes are sent after the first test cargo train from China and Latvia, it is important to ensure track load in both directions. Companies working in the transit industry are rather sceptical about railway transport connectivity with China could exceed marine transports and compensate the loss of Russian cargoes, as reported by De Facto programme of LTV.

The test train carrying goods departed from China’s eastern city of Yiwu. This city is considered one of the largest wholesale markets in the world. There is a regular train coursing between Yiwu and Madrid. It is the longest railway route in the world. Now there is a test route connecting Latvia and China.

The 40 containers carried by train brought shoes, socks, other types of apparel and plumbing equipment. Containers will not be opened in Latvia. Instead they will be carried to port. After Riga, the trail will depart for Belarus, as confirmed by LDz President Edvins Berzins. He denies the trip has caused losses for the company: «We did not pay anything for this train. We have even made some money. Why only some money? The main point of the pilot project is to understand the technology and how trains can make the road».

Before this train carrying clothes, there was a train carrying tomato paste from China ten years ago.

Sending cargoes by sea is three to four times cheaper. A trip by sea lasts longer than a month, whereas a trip by railway is usually two weeks.

The Silk Road may experience increased transports, as this is what China wants. It wants to enhance trade relations with Europe on land. There are currently approximately ten routes connecting China and Europe. Transport connectivity is the most intensive through Brest on the Belarusian-Polish border. For example, German Deutsche Bahn organizes railway connectivity between China and Europe nearly every day. Last year, the company carried 30,000 containers.

«A train brings 40 containers about once a week or once in two weeks. I doubt we can accomplish five trains every day. It would be ideal. It is unlikely that this will happen, however. The question is whether or not there is enough to carry to Scandinavia, because the service depends on the cargo volume,» – says Riga Container Terminal’s Chairman Valdis Andersons.

The second obstacle that will decide the longevity of Latvia’s direction is whether or not there is something to send back. Sending back empty containers will not provide returns. This is mentioned by deputy director of China Railway Container Transport Zhong Chen: ‘Once a two way road is established, costs will reduce significantly. Then it will be a stable and beneficial solution.’

China Railway representatives consider sending one train a month to Latvia.

In its search for new cargoes to feed Latvia’s railway and ports, the government has made the most progress with China. Meetings among businessmen were held as part of the recent 16+1 business forum. Progress in other directions is harder to measure.

Prime Minister Maris Kucinskis believes progress is tangible. Nevertheless, he will order Transport Ministry to provide regular reports on its accomplishments, as reported by the programme.

Ref: 102.109.109.5100


Leave a reply

Municipal elections 2017: what do people say?

With municipal elections gradually coming close, BNN offers a compilation of opinions provided by experts from different industries. Short answers consist of thoughts about specific municipalities that affect respondents directly, and municipal administrations in general – what people expect from officials and what changes they expect from elections.

Trade of natural gas to legal clients in Latvia commences

Trade of natural gas to legal clients in Latvia has commenced. Latvenergo’s Elektrum product offers fixed-price contracts for 12-month supply period. The first gas supply contracts have been signed with clients in Latvia, the company reports.

Murniece: the biggest strength of Latvia’s parliament is public involvement

The biggest strength of Latvia’s parliament is the involvement of the public in resolution efforts of matters associated with child and women’s rights, the rights of disabled people, as well as security, tax policy and the European Union, says Saeima speaker Inara Murniece.

Corruption on decline in Lithuania, yet still remains troublesome

To wrap up the findings of a new corruption research ordered by the Special Investigation Service, an institution dealing with financial crimes in Lithuania, the situation is largely improving, yet not as fast as the service wishes.

Ventspils signs agreement with Chinese-Belarusian industrial park Great Stone

Vetnspils Freeport Authority and Ventspils High Technology Park signed an agreement yesterday with Chinese-Belarusian industrial park Great Stone, which is the largest infrastructure development project in Belarus, as reported by the freeport’s representatives.

Resignation filed by arrested Tallinn Deputy Mayor

The Deputy Mayor of the Estonian capital has stepped down from office after being arrested as part of a criminal case into violations of procedural restrictions of Tallinn procurement tenders.

Residents: situation in Latvia is developing in a wrong manner

54% of residents believe the situation in Latvia is currently developing in a wrong manner. A similar situation is noted in relation to the evaluation of the government’s work. 75% of respondents are critical about the government’s work. Only 17% of respondents are positive about the government’s work, according to results of Baltic International Bank Latvian Barometer.

Finance Minister: we have to be ready for flexibility in the reform plan

Currently we have to progress forward with the intended tax reform and prepare for a degree of flexibility, says Latvian Finance Minister Dana Reizniece-Ozola.

Zarins: unlike healthcare workers, Latvia’s roads are crumbling silently

Saeima deputy Ivars Zarins has submitted a proposal that offers restoring State Roads Fund and providing it with funding of 80% of excise tax for oil products. It is also proposed to divert income from vehicle operation tax and road use fee.

Price of oil slides 5%, though exporters decide to uphold production restrictions

Oil price has dropped by around five percent, even though oil-exporting countries have decided to maintain production limits until spring 2018.

Experts: role of free trade agreements to increase – especially with Asia

Latvian businessmen are already sufficiently active in several Asian markets. Their experience shows – these markets have great potential, according to representatives of the European Parliament’s Information Bureau.

Trump steps up pressure on NATO’s «indebted»

All NATO member states should pay their fair share of military expenses, has stated U.S. President Donald Trump in a meeting of NATO member states in Brussels.

Sunday expected to be summer-like hot in Latvia

This Sunday is expected to be summer-like hot, whereas the week after will be cold and rainy, as reported by Environment, Geology and Meteorology Centre.

Pensioner guide: old people are isolated from society in Latvia

«In my experience with social care, I was surprised by the dominating belief that the only thing old people need is elementary care – some food, a wash and a walk outside. Psychology of old people is something completely alien to people in Latvia,» says initiator of Pensioners Guide in Latvia Nelli Skadina.

SEB: reimbursements paid to nearly 340 loan clients over the past five years

In five years since the signing of the first loan payment insurance contract, reimbursements have been paid to nearly 240 SEB Bank clients who took loans and experienced unexpected difficulties after.

Number of tourists to Riga up 7% in 2017

In the first three months of 2017, a total of 263.5 thousand people were serviced in Riga’s hotels and tourist accommodations. 221.3 thousand of those tourists were foreign guests. Compared with the same period of last year, the number of tourists has grown 7%.

Estonian capital’s Deputy Mayor arrested over waste management dealings

The Deputy Mayor of Tallinn, Arvo Sarapuu, accused of deliberately violating procedural restrictions an especially large scale as part of a criminal case, has been arrested by the Estonian Internal Security Service.

Saeima ratifies convention on restriction for the use of mercury

On Thursday, 25 May, Latvia’s Saeima ratified Minamata Convention on Mercury. The objective of the convention is protecting people and the environment against anthropogenic emissions and leaks of mercury.

Europe experienced foreign investment records last year

Last year, Europe attracted a record large volume of foreign investments with 5,845 new direct investment projects, which is 15% more than the year before, according to results of EY European Attractiveness Survey.

Electric car charging network expands in Latvia to promote «greener thinking»

The once long-away dream of having cars that run on alternative fuel is now a reality – a special infrastructure network keeps expanding in Latvia to make electric cars more popular, says Motors Latvia BMW Group manager Ivars Norvelis.

Estonian Minister steps down after questioning NATO membership

Estonian Minister of Public Affairs Mihhail Korb has stated he resigns from office after saying he is not in favour of NATO membership.

Construction of a fish freezer commences at Ventspils Freeport

Construction work has commenced in Ventspils industrial territory on Talsu Street 200. Latvian National Fisheries Producers' Organisation plans to build a fish freezer facility there, as reported by Ventspils Freeport.

EC: there is a risk tax reform will increase inequality

There is a risk that Latvian government’s proposed tax reform will increase income inequality in the country instead of lowering it, said head of European Commission’s office in Latvia Inna Steinbuka.

Electronic monitoring of convicts will help have nearly EUR 500,000 for Latvia

Latvian State Probation Service believes electronic monitoring of convicts proved itself. This system has helped save nearly EUR 500,000 for the state budget since 2015.

Grandson of Stalin, who dropped Soviet tyrant’s surname, has died

Russian theatre director Alexander Burdonsky, the grandson of the leader of Soviet Communist mass repressions, Josef Stalin, has died at the age of 75.