Estonia’s state-owned port operator, Port of Tallinn (Tallinna Sadam), generated sales revenue of EUR 57mn in the first half of 2023, which was almost unchanged from a year earlier, ERR reports. The port’s adjusted EBITDA fell by 12% from a year earlier. Net profit stood at EUR 7mn, which was down 42% over a year….
Latvia’s national air carrier, airBaltic, posted the highest ever revenue and profit in the company’s history in the first half of 2023, LSM reports. The company’s six-month revenue totalled EUR 291mn, which was up 52% from a year earlier. Net profit amounted to EUR 14.6mn, which was up sharply from a net loss of EUR…
Lithuania has deemed 1,164 Belarusian and Russian nationals a threat to national security, according to the Lithuanian Migration Department (LMD), BNS reports. Altogether 910 Belarusian and 254 Russian citizens were denied residence permits or visas after the introduction of a mandatory questionnaire, which includes questions on Russia’s war of aggression against Ukraine. Lithuania restricted the…
Latvia’s Foreign Ministry plans to ask other Schengen Area countries to consider a unified approach to the entry of Belarusian and Russian citizens to the EU, Baltic News Network reports, citing LSM. Earlier, a group of Russian citizens arrived in Latvia as part of an Azerbaijani football team, using Schengen visas issued by a third…
The Estonian shipping group, Tallink Grupp, posted unaudited revenue of EUR 400.9mn in the first half of 2023, which was up 28.4% from EUR 312.2mn in the same period of 2022, GlobeNewswire reports. Six-month EBITDA amounted to EUR 95.6mn (EUR 17.7mn) and net profit to EUR 28.0mn (EUR 40.7mn). In the second quarter of 2023,…
Estonia continues to push for an EU-wide ban on Russian tourists, ERR reports. Andres Siplane, chief sanctions expert at the Foreign Ministry, said that discussions on a wider ban on Russian tourism continued almost every day behind closed doors. He said that Estonia was talking to Georgia about the issue as well. However, it is…
Trains from Latvia’s capital, Riga, to the port city of Liepaja will begin running daily as of 31 July 2023, the Public Transport Council announced, LSM reports. The train will leave from Liepaja shortly before 5am and depart back to Liepaja at around 6:30pm. On Sundays, there will be two trains between the two cities….
The Lithuanian tour operator, Novaturas Group, generated revenue of EUR 100mn in the first half of 2023, which was up 10% from the same period of 2022, GlobeNewswire reported. The company served a total of 125,000 customers, which was down from 128,000 a year earlier. Vitalij Rakovski, CEO of Novaturas Group, said that the company…
Latvia’s national air carrier, airBaltic, carried a total of 1.911 million passengers in the first half of 2023, which was up 51.7% from 1.312 million in the same period of 2022, LETA reports. The number of flights performed totalled 20,290, which was up 19.9% from 16,920 a year earlier. CEO Martin Gauss attributed the increase…