bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 22.09.2017 | Name days: Maigurs, Mārica, Māris
LatviaLatvia

Expert: it should be clear what needs restructuring in the transit business sector

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe situation that is currently present in Latvia’s transit industry raises concerns about the industry’s future, says spokesperson for Latvian Transport Development and Education Association Igors Kabashkins.

«The main causes are known – Russia’s decision to gradually divert cargoes from Baltic ports to its own, western sanctions and Russia’s counter-sanctions, economic problems in neighbouring countries and the overall unstable geopolitical situation in the world. As a result, we have seen a reduction in the volume of transshipped cargoes in many of our country’s companies,» – Kabashkin told Delfi.

He said: «Latvia is not the only country that currently experiences negative influence from changes. A similar situation is noted elsewhere in the Baltic Sea region. This is why countries are trying to exact reforms to become more attractive to cargo owners and create better conditions for transit services. It should be added that Lithuania, for example, began reforms earlier, and it seems the country has been very conservative with its efforts. This is demonstrated by the growth in the World Bank’s Logistic Performance Index, which evaluates the quality of countries’ transport infrastructure, customs procedures, delivery speed and other indexes.

Latvia is behind in this regard. However, nothing has happened that could not have happened in a different part of the world. Experience shows that crises are most successfully overcome by those who are more open to change and are able to make important decisions. A crisis can sometime help those who would not consider reforms in the first place.»

«It is good that instead of looking for scapegoats, Latvia’s transit industry expresses the desire to pull itself together and analyze the cause without allowing emotions to take hold and come up with a way out to improve the situation. LDz Logistics has taken up the task to consolidate the industry’s powers. The company is currently engaged in the creation of the development strategy for Latvia’s transit corridor.

[…] On top of that, instead of thinking of ways to recover lost volumes from current markets, big hopes are put into new destinations, including China and its transportation network further into Europe and Scandinavia. Latvia is but a small stop on the 6,000 km long road from China to Sweden. This means the transit corridor does not have one owner. No one can single-handedly influence fees for logistical services, which is something Russia, Belarus and Sweden demand on its routes. No one can influence tariffs in different terminals in Latvia, because they are in the hands of private owners. But it is possible to compile information, perform route planning, price correction and preparation of necessary documents to ensure full transport solutions along the entire route,» – the industry’s representative continues.

[…] «I believe that while looking for a governmental solution, we will have to find a way to balance the interests of the industry’s main players and avoid ignoring the needs of any ports or terminals.

I suppose there are parties that had expected a recipe for the industry’s development to be finished in a very short time span. Bu the objective at hand is complicated enough to warrant more time. By the end of the year we should come to some clarity in regards to areas in need of restructuring. The future depends on the industry’s ability to cooperate, attract cargoes together and offer competitive tariffs and conditions. Latvia’s geographical condition is beneficial for transit business development, but we need to learn to use it,» – Kabashkins emphasized.

Ref: 102.109.109.0962


Leave a reply

Number of bankruptcies down in Latvia and Estonia but up in Lithuania

Last year, the number of bankruptcies declined 12.4% in Latvia and 10.9% in Estonia. Lithuania, on the other hand, had experienced a 35.2% increase in the number of bankrupt companies, according to information compiled by Coface.

Lithuania sets off alarm bells over quality of international brands' foods

What Lithuania‘s State Food and Veterinary service announced last Tuesday was big news in Lithuania, but not so of a discovery to the majority of Eastern European consumers - food of international brands sold in Western Europe and in Eastern Europe, and Lithuania, are not just the same.

Saeima forms a group to support HIV and tuberculosis patients

On Thursday, 21 September, Latvia’s Saeima agreed with deputy Hosams Abu Meri’s proposal to form a deputy group to support HIV and tuberculosis patients, as confirmed by Abu Meri’s assistant Edgars Ikstens.

Politologist comments whether Vējoņis’ authority is at risk or not

Saeima’s vote in which Latvian President Raimonds Vējoņis’ proposal on the status of non-citizens’ children was not pushed forward was as though a strike against the president’s authority, comments Filips Rajevskis.

In pictures: Mexicans rush to find quake survivors

A massive rescue effort is continuing in Mexico City and other areas in Mexico to find possible survivors caught under buildings that collapsed in the September 19 earthquake, which has killed no less than 237 people.

Producer prices in industry grew 0.1% in August

Compared to July, the level of producer prices in Latvian industry rose by 0.1 % in August 2017. Prices of products sold on the domestic market, as well as those of exported products grew by 0.1 %.

Saeima supports simplification of investigation of less serious crimes

On Thursday, 21 September, Latvia’s Saeima conceptually supported changes to the Criminal Process Law that provide for simplification of investigation procedures of less serious crimes.

Ozoliņš: transit and logistics industries should communicate more actively

Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozoliņš at a meeting of the Logistics Council.

As Estonia mends ID cyber vulnerability, officials recommended mobile ID

As Estonia tries to solve potential security risks found in the chips of 750,000 national ID cards, state officials using e-services have been recommended to Mobile-ID in addition to ID cards.

Vējonis: peaceful resolution of Ukraine’s conflict is Latvia’s priority

«Russia’s unjustified aggression towards its neighbours is a serious breach of international law. Any aggressor who begins and continues such conflicts should be brought to justice for breach of international law,» says Latvian President Raimonds Vējonis.

Authorities apprehend criminal group that caused 1.7 million euros worth of damage to the state

Latvian State Revenue Service’s Finance Police in cooperation with State Police anti-terrorism unit Omega neutralized a criminal group that specialized in VAT fraud and money laundering, as confirmed by SRS representative Evita Teice-Mamaja.

Russia pledges to respect Beslan siege ruling on 2.9 million euros

European Court of Human Rights has dismissed Russia's appeal against its ruling that excessive force was used to end the Beslan school siege in 2004 leaving 330 people dead and Russia has stated it would comply with a ruling requiring it to pay 2.9 million euros in damages.

Rinkēvičs proposes radically reforming work of UN peacekeeping missions

Latvian Foreign Affairs Minister Edgars Rinkēvičs proposes radically improving United Nations Organization’s rapid response capabilities in peacekeeping missions, as reported by Foreign Affairs Ministry.

Spanish PM urges Catalonia to stop escalation around independence referendum

The Prime Minister of Spain Mariano Rajoy has insisted in a televised speech that separatists in the Catalonia regional government should stop preparations for the October 1 referendum, which he has called a chimera.

Multiple Latvian deputies stand in favour of education only in state language

Coalition partners are prepared to consider National Alliance’s possible proposal for a transition to education only in state language.

KNAB to procure 66 high-class safes for EUR 78,000

Latvia’s Corruption Prevention and Combating Bureau announced last week a procurement procedure for 66 first-class safes, as confirmed by KNAB and Procurement Monitoring Bureau.

Comprehensive Economic and Trade Agreement between EU and Canada comes into force

On Thursday, 21 September, the Comprehensive Economic and Trade Agreement between the European Union and Canada came into force, as confirmed by European Commission’s r press service in Latvia.

Ašeradens: productivity of Latvia’s economy is far behind Europe

Productivity of Latvia’s economy is far behind Europe – 43% behind the average productivity level in the European Union is actual prices, said Economy Minister Arvils Ašeradens in an interview to Neatkarīgā newspaper.

In pictures: Diversity of heads of state UN General Assembly

What suits and costumes have been chosen by presidents of 12 countries in several continents? BNN has compiled a picture gallery devoted to the UN General Assembly taking place this week in New York.

LVSADA is satisfied with healthcare funding legislative draft

The council of Latvian Health and Social Care Workers' Union has decided to conceptually support healthcare funding legislative draft, which was developed in cooperation with Healthcare Ministry, Association of Latvian Hospitals and Latvian Employers’ Confederation.

Riga Airport becomes part of TOP 5 of Europe’s rapidly growing airports

16.2% passenger number increase has allowed Riga International Airport to become one of five most rapidly growing airports in Europe in July. Riga airport has entered the group of airports whose number of serviced passengers reaches 5 – 10 million a year, according to information compiled by Airport Council International.

Producer prices in Estonia rise 4.7% August-to-August

The producer price index of industrial output in Estonia has from July to August this year grown by 0.8%, but from August last year – by 4.7%, Estonian statisticians have estimated.

Nordea and DNB merge to officially happen on 1 October

In accordance with the recent decision of the European Commission to approve the plans of Nordea and DNB Bank to merge their activities in Baltic States, the business deal will take place officially on 1 October 2017.

Kaljulaid in UN underlines effects of climate change and lack of women in peace talks

As the Estonian President Kersti Kaljulaid made her first address at the UN General Assembly on Tuesday, September 19, she pointed out to world leaders effects of climate change and need to involve more women in peace talks.

Pabriks: Russia failed to intimidate anyone with Zapad exercises

Information acquired during Zapad 2017 military exercises will be enough to assess the tactics used and strategy, said MEP Artis Pabriks in an interview to Rīta panorama programme of LTV.

Newest comments