Construction of the Rail Baltic railway route in Poland and Lithuania is slowly progressing.
Lithuania plans to finish its railway line to Latvia’s borders until 2015. Poland plans to modernize its line to Lithuania by 2020, Lithuanian Television reports.
The work to modernize the 60 km railway route from Warsaw to Sadovny will be finished within two years. 85% of the financing of this project comes from the European Union. In total, Poland is expected to modernize nearly 350 km of railway lines, so that trains would be able to travel at 160-200 km/h.
“Rail Baltic modernization requires enormous funding. There are 120 km of railway lines that need to be modernized from Sadovny to Bolostok; a new line needs to be constructed from Elka to Suwalki. This means at least several billion Zloty. We plan to have the route from Trakiszki to Sestokai to be modernized only in 2020,” – noted the Deputy Transport Affairs Minister of Poland Andrzej Massel.
“Speaking of Rail Baltic, which will connect Poland and Lithuania, we should admit – we have been lazy. Our government has great hopes for the new EU budget,” – notes journalist Jakub Kurasz of Rzeczpospolita. “We often write about this project. This greatly pressures the government. It should be said that Poland does not have a good railway infrastructure”.
Lithuania’s Rail Baltic route will be 335 km long. The first line, Mockava and Sestokai, will cost nearly 4.5 million LVL. According to the government’s plan, the railway line to Kaunas will be finished before the end of 2013.
The management of Latvian Chamber of Commerce and Industry departed for Russia on Tuesday, 28 July in order to meet with their Russian counterparts in Moscow and Nizhny Novgorod.
Danish-Swedish Arla Foods concern could be a potential owner of Jelgava’s Latvijas piens. This company was mentioned during talks regarding the sale of 55.36% of shares in Latvijas piens, according to unofficial information from LETA.
Affected by growing global oil oversupply and falling oil prices, Russia's national currency – the rouble – has hit a four-month low against the euro.
On 28 August, Saeima Human Rights and Public Affairs Committee announced the opening for submission of candidates for the post of Chairman of the National Electronic Media Council. Submission of candidates will remain open until 28 August.
From 1 August onward, canned fish products of Latvian compamies Ventspils zivju konservu kombināts, GAMMA-A, Sabiedrība IMS, UNDA and Saldus gaļas kombināts are prohibited to be imported to Russia, as mentioned in an announcement published on the website of Rospotrebnadzor.
Representatives of the 28 NATO states are expected to hold an emergency meeting on Tuesday, July 28, to discuss Turkey's recent raids against the Islamic State group and Kurdish militants.
Average monthly household consumption expenditure per household member comprised EUR 299 in 2014, which is EUR 1.24 or 0.4% less in comparison with 2013. Taking into account the 0.6% increase of consumer prices, consumption expenditure at constant prices has reduced by 1.0%.
Compared to May, the level of construction costs in Latvia had reduced by 0.5% in June 2015. Prices of building materials fell by 1.1%, maintenance and operational costs of machinery and equipment did not change significantly, but labour remuneration of workers increased by 0.6%.
The 250 refugees Latvia has agreed to resettle will not arrive all at once. The process will take two years. It is likely that they will arrive in Latvia every three months, as noted by Latvian Interior Minister Rihards Kozlovskis during a visit of Saeima European Affairs Committee to Mucenieki refugee centre.
Without political decisions to significantly increase tax revenue from GDP, it will not be possible to increase budget expenses in the next couple of years, believe Swedbank experts.
Eurotunnel freight, car and passenger railway services are returning to normal schedule on Monday, July 27, after work overnight to clear delays following disruption caused by migrants.
Population decline is becoming a real problem not just for the country’s economy, but also for the country’s existence as it is. Demographers warn: if Latvians continue breeding at the same slow pace and leave the country, Latvia’s population could potentially decline to 1.3 million by the middle of this century.
Week in Lithuania. London court dismisses ex-Snoras owners’ extradition appeal. Bankers have fled to Russia reportedly.
A London court has ended litigation over the extradition of Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras who have recently fled from the UK to Russia.
34% of Latvian residents are prepared to spend EUR 500 – EUR 1,500 on their wedding if it were to take place in the near future, according to results of a recent survey by Citadele and Snapshot.lv. The optimal number of guests, according to 44% of respondents is 10-30 people.
Compared to 2013, the number of births increased in all three Baltic States in 2014. However, the largest birth rate growth was registered in Latvia - 5.6%.
This week, Vilmorus, the polling company, has announced results of a survey that clearly pointed out to two key things: economic growth and a change in the country’s psychological climate are vital to see the emigrants contemplate a possible comeback.
A crisis has just passed Latvia and entrepreneurs do not feel all that threatened by the possibility of another one coming right around the corner. With that, the appetite for expensive cars has returned along with financial capabilities. Some Latvian entrepreneurs have not lost their appetite for truly exclusive cars, according to the list compiled by Lato Lapsa and Kristine Jancevska of TOP 45 luxurious cars favoured by Latvian entrepreneurs.
Data compiled by Estonian Tourism Council for 2014 shows that there has been a significant increase in the number of foreign tourists visiting the country. There was a significant increase in the number of German tourists in 2014. Visitors from Latvia are on the second place.
Latvian Security Police has submitted materials to Riga District Prosecutor’s Office to launch criminal prosecution against 11 current and former officials of Riga International Airport in relation to unauthorized wire-tapping.
During an extraordinary meeting on Thursday, 23 July, Andis Damlics from Latvian Regional Alliance was elected Chairperson of Kekava Council.
A new breed of fraudsters has appeared in Latvia. Using detailed information they get from social networks about certain users who have had their cars stolen, these criminals claim to be the ones behind those thefts and demand ransom for its return.
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- Lithuanian MPs grumble against Greece, Labour Party first to turn away from it
- Calendar of cultural events in Lithuania. Ghost Tour: visit most haunted Vilnius sites
- Week in Lithuania. Lithuania plans to buy German Boxer
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Top 5 Video
linda @ 2015-07-24 22:37:15
jj @ 2015-07-23 18:48:58
@ 2015-07-23 02:20:41
I am Latvian but I been living in England for 3 years. I am Starbucks addicted and they make great coffee, and when I would come, and visit Latvia again I wouldn't mind to just go into my favorite coffee shop and enjoy my visit back in Latvia, and great cup of coffee!
lh @ 2015-07-22 11:13:10
Stephen @ 2015-07-21 00:18:55