Latvia’s state-owned Riga International Airport (RIX) made a profit of EUR 1.6mn in 2023, which was up 4.6 times from a year earlier, LSM reported. The company’s net turnover rose by around 25% to EUR 72.5mn. Revenues from aviation services amounted to EUR 36.7mn (up 18%) and from non-aviation services to EUR 21.2mn (up 38%)….
Estonia’s state-owned railway company, Eesti Raudtee (EVR), transported 10mn tonnes of cargo in 2023, which was 43% less than in 2022, ERR reports. The volume of transit freight totalled 2.1mn tonnes in 2023, compared to 9.5m tonnes in 2021. EVR’s commercial director, Arthur Raichmann, said that the biggest commodity groups were shale oil from Estonia…
Latvia’s ruling coalition has agreed to ban imports of Russian and Belarusian grain, BNS reports. The coalition expects the parliament, the Saeima, to pass a bill on the ban in February 2024. Agriculture Minister Armands Krauze said that companies using Russian grain would be ineligible for state support. Also, the Food and Veterinary Service (PVD)…
The customs authorities of the three Baltic States have agreed on uniform application of EU sanctions against Russia and Belarus, BNS reports. The directors of the Estonian, Latvian, and Lithuanian customs departments agreed to introduce stricter controls on sanctioned goods exported to or transiting through Russia and Belarus to third countries. The measures include requiring…
Latvia’s state-owned postal service provider, Latvijas Pasts, plans to close most of its post offices by the end of 2024 due to unprofitability, LSM reports. The company will close 105 post offices, of which 93 will only provide services on demand. In the beginning of 2024, Latvijas Pasts had altogether 176 post offices, of which…
The cargo turnover of Latvian ports totalled 38.655mn tonnes in 2023, which was down 19.6% from 48.078mn tonnes in 2022, according to data from the Ministry of Transport, Baltic News Network reports. The ministry attributed the decline to changes in the geopolitical situation, particularly the sanctions against Russia. The volume of bulk cargo handled at…
The number of new layoffs in Estonia totalled 3,500 in 2023, which was 22% more than in 2022, according to data from the Estonian Unemployment Insurance Fund (Töötukassa), ERR reports. Around a third of those laid off were formerly employed in the manufacturing and another third in transport and storage. The biggest number of layoffs…
Lithuania’s state-owned oil and gas terminal operator, Klaipedos Nafta, has changed its name to KN Energies, GlobeNewswire reports. The company will continue to use the KN brand, however. At the same time, Klaipedos Nafta’s subsidiary, SGD Logistika, changed its name to KN Global Terminals. KN Energies announced that it would focus on liquid and alternative…
The Estonian shipping company, Tallink Grupp, carried a total of 5,705,600 passengers in 2023, which was up 4.5% from 5,462,085 in 2022, ERR reported. The number of passengers increased on the Estonia-Finland and Estonia-Sweden routes, but decreased on the Finland-Sweden routes. The company’s ferries carried 840,881 passenger vehicles in 2023, which was an increase of…