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Wednesday 21.11.2018 | Name days: Andis, Zeltīte

American lawyer believes bitcoin created by Estonian IT researcher

As attempts to find the mysterious inventor of bitcoin continue, an American lawyer has noted he believes that Estonian cryptographer Helger Lipmaa working in Tartu can be identified as the author of the crypto-currency – a claim rejected by the Estonian himself.

KVV Liepājas metalurgs’ potential investor given two weeks to consider purchase

The potential investor of insolvent KVV Liepājas metalurgs is given two weeks to consider purchasing the company, says Latvian Economy Minister Arvils Ašeradens.

Number of passengers carried by airBaltic in December up 27%

In December 2017, Latvian airBaltic airline carried 27% or 260,000 more passengers in comparison with the same period of 2016. This is the largest number of carried passengers in December in the airline’s history, according to provisional data from airBaltic.

Electricity consumers in Estonia changed their suppliers less last year

Estonian consumers changed their electricity supply companies at 21,600 points of consumption in 2017, which is less than the 25,800 points of consumption, where suppliers were switches the year before, estimated the Estonian transmission system operator Elering.

2017 recognised as safest year to date in commercial passenger air traffic

Organisations tracking aviation accidents have estimated that in 2017 no passenger has died as a result of a commercial passenger jet plane accident.

Fall in Finnish travellers seen in Estonia

Businesses operating in the Estonian tourism industry have estimated that the number of Finns to visit Estonia decreased in 2017, but the gap had been filled by visitors from other European Union countries tourists.

Week in Lithuania. Lithuanian Railways to run pilot train between Klaipeda and Sovetsk

Lietuvos Geležinkeliai will in early January run a pilot passenger train between the Lithuanian seaport of Klaipeda and Sovetsk, a border town in the Russian exclave of Kaliningrad. The state railway company said on Friday, December 29, that it would operate the pilot service on January 5 and 7.

Construction costs in Latvia up 3.2%

Compared to October, the level of construction costs in Latvia increased by 0.4 % in November 2017. Labour remuneration of workers grew by 0.6 %, prices of building materials by 0.4 %, and maintenance and operational costs of machinery and equipment by 0.1 %.

Expert: meat consumption will only increase next year

Meat consumption in Latvia has grown in the past 15 years, and it is expected that this trend will continue next year, HKScan Latvia sales director Heino Lapiņš describes the situation.

Freight turnover of Baltic ports up 3.4% in 11 months

In the first eleven months of 2011, ports of Baltic States sent and received a total of 137.12 million tonnes of cargoes, which is 3.4% or 4.49 million tonnes more when compared with the same period of 2016.

Russia requests enforcement of EUR 20 million from airBaltic

Russia sent a legal assistance request to Latvia in November, requesting enforcement of more than EUR 20 million from airBaltic, according to information from LETA.

On Estonian-Russian border, less illegal border crossings and contraband goods

As works to build a monitoring strip along the Estonian-Russian temporary border line continue, statistics suggest that the new strip is helping reduce both the contraband of goods and illegal border crossings.

Transport association president: rail freight volume has dropped to fifteen-year minimum

In 2017, Latvijas dzelzceļš transported 43 million tonnes of cargoes, which is the lowest freight volume in the past fifteen years. On top of that, there are no preconditions for the cargo decline to stop. This means the lowest point has yet to be reached, says president of Baltic Association – Transport and Logistics (BATL) Inga Antāne.

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