Estonian Port of Tallinn council approved long-term strategy which sets a goal of almost doubling revenues to EUR 160mn in 2020, with EUR 80mn pre-tax profit. The company plans to invest EUR 292mn in the following 8 years, with total company’s assets value at EUR 680mn as of end-2020. The strategy estimates for goods volume to increase by 46% comparing to 2012 till end of 2020 to 43.2mn tonnes. Number of passengers in the port would increase by 20.7% from 2012 figures to 10.7mn passengers in 2020.
Lithuanian Railways (LG) will rebuild a 19-km section of rail tracks providing a shortcut to neighbouring Latvia, the company said on October 18. LG’s decision to restore the tracks, which were ... more
The former Estonian Prime Minister Taavi Roivas has stepped down as deputy speaker of the parliament following press accounts of alleged sexual harassment during a trade mission to Malaysia, Estonian ... more
The European Commission has fined the state-owned Lithuanian Railways €28mn for hindering competition on the rail freight market, the EU executive announced on October 2. In 2008, Lithuanian ... more