As reported by the Postimees newspaper, PM Andrus Ansip argues that Rail Baltica pan-European railway project, while being necessary, given the current number of passengers is not going to justify itself economically. To remind, the project is supposed to connect Warsaw and Helsinki , going through 3 Baltic States . Ansip believes that given current number of passengers travelling on this route will not allow the project to brake even.
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Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more