bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 16.08.2017 | Name days: Astrīda, Astra

Lux Express: conflict in Ukraine may ‘slow down’ Russian tourist flow to Baltics

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU‘The current instability in Ukraine could create losses for the tourism sector. Up until now there has been a yearly increase in the number of Russian tourists travelling to Baltic States. I do allow the possibility for the growth in the number of tourists to not be as rapid as it has been so far,’ – said Chairman of Lux Express bus service Hannes Saarpuu in his interview to BNN.

Because this company does not service routes to Ukraine, the political situation in that country does not impact the company directly. ‘If we look towards the East, our Riga-St Petersburg route remains in high demand. We also offer our customers other routes as well. We have recently opened a new route: Riga-Vilnius-Prague. We do not plan to change anything in our company policy and development. Nevertheless, like the majority of entrepreneurs, we closely follow the developments in Ukraine,’ – he says.

At the same time, representatives of Lux Express believe that even in the event of sanctions being introduced by the European Union against Russia, people will continue visiting their friends and relatives. ‘The only thing that could impact our business is the closing of the borders. But the possibility of this scenario is low,’ – says the businessman.

The company services two important groups of passengers – business class and individual travellers. ‘By following the events in Ukraine, we and our customers feel worried about possible unforeseen developments. I believe it is the responsibility of every country to take care of its residents and provide them with the necessary feeling of safety. The lack of this safety feeling is the most significant factor that may negatively impact some of our customers, who could refuse or reduce their travels due to emotional reasons,’ – explains the Chairman of Lux Express.

It should be added that travellers from Russia are one of the largest groups of tourists that comes to visit Baltics. For example, last year, the number of guests from Latvia’s neighbouring countries had increased the most: +36.5% of tourists from Belarus and +33.4% of tourists from Russia. This also includes a 21.3% increase of tourists from Estonia and 17% from Lithuania. There was also an increase in the number of guests from Spain (20.6%), the Netherlands (16.7%), Sweden (8.4%) and the UK (5.4%).

Director of Latvian Tourism Development Agency Armands Slokenbergs had previously told BNN that ‘there are multiple external factors that play a role in the tourism industry. Economic situation and political shocks in the world make Western tourists more and more cautious. Instead of spending money on travel, they often decide to save money or travel to neighbouring countries. If this persists, Latvia’s tourism sector will be impacted. Economic growth rates are not too great in CIS countries as well. Its delay may impact foreign travel plans as well.’

‘In regard to the enormous Russian market, it should be said that it has always been risky; rapid economic growth is hand-in-hand with deep drops. The dip of Russian ruble’s exchange rate is a notable factor and there will be consequences to this. Even now we see how the situation in Russia has introduced changes to the tourism sector. The drop of the development of Russia’s national economy and the government’s steps to use the potential of Sochi to its fullest could negatively impact Latvia. I would like to hope that the Russian-Ukrainian conflict will not escalate further. I hope we see the same number of foreign tourists we did last year,’ – said Slokenbergs.

Ref: 102.109.109.4782


Leave a reply

Latvijas dzelzceļš will not have to pay dividends from last year’s profits

The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Latvian citizenship provided to 103 people

The Cabinet of Ministers has issued an order to provide Latvian citizenship to 103 people through naturalization.

Estonian Inbank's profits reach EUR 5.7 million in six months

Estonian financial services' provided Inbank made a profit of 5.7 million euros in the first half of 2017, which is a 429.4% increase compared to the respective period in 2016.

Agriculture Ministry invites residents to sign up for measures to support fisheries

From 21 August onward, Rural Support Service plans to start accepting applications for projects to receive support from European Maritime and Fisheries Fund’s action plan for development of fisheries in 2014-2020 as part of projects Innovation, Productive Investments in Aquaculture and Fishing and Aquaculture project processing.

Estonia seeks to improve reputation of state as employer

As the Estonian Ministry of Finance wishes to boost the reputation and brand of the Baltic country's public sector, it has announced a procurement tender aimed at preparing an action plan for reaching these goals.

Warning: there may be short-term problems with Swedbank internet banking functionality

Because of Swedbank’s planned IT modernization work scheduled for the night to Thursday, 17 August, there may be short term problems with payment card and internet banking functionality, the bank warns.

Aseradens: neither Usakovs nor Lembergs should be allowed to become prime minister

If he became chairman of Unity, Economy Minister Arvils Aseradens would mobilize democratic forces to prevent the possibility of either Aivars Lembergs or Nils Usakovs becoming prime ministers, Aseradens said in an interview to 900 seconds programme of LNT.

Caksa believes increasing wages for doctors would improve politicians’ credibility

The planned wage increase in healthcare could be the first step towards improving politicians’ credibility, says Healthcare Minister Anda Caksa.

Bill Gates donates USD 4.6 billion, reduces shares in Microsoft

The co-founder of the U.S. computer software firm Microsoft, Bill Gates, has allocated to charity 4.6 billion U.S. dollars (3.9 billion euros), which is the philanthropist's highest donation since the year 2000.

LOSP proposes using electronic packing slip system to reduce fraud

An electronic packing slip system for goods would be invaluable for agricultural goods, because it would help push out and reduce VAT fraud, says Latvian Agricultural Organisation Cooperation Council.

Latvia and Russia agree on exchange of additional 3,000 universal permits for cargoes

Latvia and Russia will exchange 7,000 universal permits for international cargo transports in 2017. This will be the largest universal permit volume in the past 15 years, as reported by Road Directorate.

Sierra Leone hit by tragic mudslide

A tragic mudslide has taken place in Sierra Leone, where flooding in the capital Freetown caused a mudslide, in which nearly 400 people have been have died.

Talks with potential KVV Liepājas metalurgs buyers to conclude in August

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis.

Estonian e-Residency programme in deal with Paymentwall

International payments facilitator Paymentwall in collaboration with the Estonian programme of e-Residency program started this week Passport, a new service, with which businesspeople around the world will have the opportunity to found an EU company and access payment and other supporting services via internet.

Prosecutor: in parallel to Oligarch case, KNAB also worked on other cases

In parallel to the investigation of the so-called oligarch case, Corruption Prevention and Combating Bureau also continued working on other cases, said chief prosecutor Modris Adlers.

62.2% of Latvia’s population was employed in Q2 2017

Since Q2 2016, the employment rate in Latvia has increased by 0.8 percentage points. In Q2 2017, Latvian employment rate (62.6 %) was the highest recorded since Q2 2008 (63.1 %).

LIZDA: many uncertainties about education process appear just prior to the school year

Two weeks prior to the beginning of the new school year there are many uncertainties about the education process and teachers’ wages, said Latvian Education and Science Workers' Union chairperson Inga Vanaga in an interview to 900 seconds programme of LNT.

Several candidates to compete for the post of chairman of Unity

Economy Minister Arvils Aseradens, deputy chairman of Unity Edvards Smiltens and Riga City Council deputy Vilnis Kirsis intend to compete with one another for the post of head of Unity, as confirmed by the party’s representative Elina Bivina.

City of Tallinn urged to quit paying PBK TV 500,000 euros

Tallinn city government should allocate the 500 000 currently spent per year in buying television programmes in the Russian-language TV channel PBK to the Estonian state Russian-language TV channel, ETV+.

Latvia’s wealthiest mayors – Lembergs, Sesks and Pozarnovs

Latvia’s wealthiest mayors in 2016 were Ventspils Mayor Aivars Lembergs, who remains suspended from his post due to multiple criminal processes against him, Liepaja’s Mayor Uldis Sesks and the new head of Baldone County Council Andrejs Pozarnovs, according to information from LETA.

DNB says it has no plans to change ATM system for its clients

Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say.

Rinkevics proposes continuing cooperation with Switzerland

Switzerland’s Extraordinary and Plenipotentiary Ambassador to Latvia Konstantin Obolensky says he is prepared to work to develop relations between the two countries, as well as maintain close ties with Latvian institutions and its people.

BATL: Augulis’ goal is reaching an agreement on increase of cargoes for Latvia

Baltic Association – Transport and Logistics has sent an invitation to Latvia’s Transport Minister Uldis Augulis and Russian Federation’s Transport Minister Maksim Sokolov to find a solution for the catastrophic situation with cargo flow from Russia.

Cargo of Nutella chocolate spread stolen in Germany

Thieves in central Germany have taken hold of a 20-tonne cargo of Nutella spread and Kinder chocolate eggs.

Criteria for provision of healthcare services may be announced next week

Criteria for qualifying for healthcare services may be announced by Healthcare Minister Anda Caksa next week.

Newest comments