Shipping line Tallink Group doubled its revenue in the first quarter of 2021, though the company’s losses rose by nearly 15%. Tallink Group announced its Q1 results to the stock exchange on April 28, revealing that the Omicron Covid wave and the beginning of the Ukraine war made their impact known on traveler numbers and…
Lithuanian Railways (LTG), the country’s state-owned railway company, is planning to lay off around 2,000 employees until the end of the year as a result of the EU sanctions imposed on Russia and Belarus in the wake of the war in Ukraine. LTG has earmarked around 6 million euros for the staff redundancy payments, the…
On April 26, Russia hit a railway bridge over the Dniester Estuary in Odessa region by a missile, the operative command of Ukrainian Armed Forces reported. The bridge was damaged. The fact was confirmed by Ukrainian Railways (Ukrzaliznytsia). The bridge connects Odessa and Bessarabia, where three Ukrainian seaports – Izmail, Reni and Ust-Danube – are…
Ireland’s budget airline Ryanair is set to launch around a dozen new direct routes from Lithuania this summer. This will bring the total number of destinations from Lithuania to 50, Dara Brady, director of marketing, digital and communications for Ryanair, told a press conference on April 26. The new direct destinations are Aalborg, Brussels, Budapest,…
Terminals located at the Ventspils seaport handled 3.966 million tons of freight in the first three months of 2022, up by 10.6% YoY, according to information from Latvia’s Ministry of Transport. In Q1, a total of 2.957 million tons of freight was sent from Ventspils sea port, up by 2.8%. The volume of received freight…
Lithuania’s food delivery platforms Wolt and Bolt Food have suspended their cooperation with restaurants owned by the Amber Food group, which is linked to Kaunas Mayor Visvaldas Matijosaitis. Matijosaitis has come under heavy criticism because of the failure of Viciunai Group, one of the largest Lithuanian food production groups owned by Kaunas Mayor, to close…
The budget for the government’s Railway Plus program, aimed to develop local rail connections, will be doubled to PLN 11 billion (EUR 2.37 billion), Mateusz Morawiecki, the prime minister, has said. Speaking in the south-eastern town of Janow Lubelski on April 20, Morawiecki said the Cabinet would approve the program later in the day. “It…