|In Jan-Oct, Latvian Railways (Latvijas Dzelzce? - LDZ) handled a total of 51.25mn tonnes of cargo, which made a 6% y/y increase, BNS reports. To compare, in 2010 cargo turnover declined by 8.4% to 49.2mn tonnes, in 2011 increased by 20% y/y to 59.39mn tonnes, and in H1/12 by 12% y/y to 33.5mn tonnes. Given a base scenario, the company expects to reach the same cargo turnover as last year. Notably, LDZ was the largest railroad carrier in the Baltics and fifth largest in EU overall last year. Previously it was announced that LDZ made a net profit of LVL 19.2mn (EUR 27.3mn) in 2011.
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