Eesti Energia AS, Estonia’s largest utility, will delay the start of the world’s biggest shale oil plant to next year due to technological problems, Chief Executive Officer Sandor Liive said. The Enefit280 plant in Auvere, north-eastern Estonia, is about six months behind the initial plan of starting in September, Liive told Bloomberg in an interview [...]
Estonia to grow faster than euro zone: ECB’s Hansson
Estonia’s gross domestic product (GDP) should grow clearly faster than the euro zone average in the coming years, European Central Bank Governing Council member Ardo Hansson said on Tuesday. A natural trend “We see ourselves growing maybe 3 percentage points faster than weighted euro zone average … that would probably be a natural trend,” said [...]
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Annual Growth Survey 2013: Charting the course to recovery
The European Commission today adopted the 2013 Annual Growth Survey (AGS), setting out five priorities designed to guide Member States through the crisis to renewed growth. The AGS kick-starts the European Semester for economic policy coordination, which ensures Member States align their budgetary and economic plans with the Stability and Growth Pact and the Europe [...]
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Commissioner Oettinger welcomes faster decisions on infrastructure
Günther Oettinger, EU Commissioner for Energy said: “This is really a breakthrough and will give a big push to much needed infrastructure: Rather than waiting up to 12 years or longer for a permit, developers of crucial cross-border infrastructure – such as pipelines or power grids – will have a decision in about 4 years. [...]
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Transport: New portal on Trans-European Network with dynamic maps
The European Commission is launching today a public portal allowing citizens and businesses to access up to date information on the advancement of the Trans-European Transport Network (TEN-T) through satellite-based dynamic maps, facts, figures and various audio-visual and interactive elements. In practice, it will allow users to see the live development of the TEN-T network [...]
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Rigas satiksme – largest transport company in Latvia in 2011
In 2011, Riga municipal public transport company Rigas satiksme was the largest transport company in Latvia with a turnover of LVL 92.78 million, according to the Latvian Business Report 2012 collated by Firmas.lv and Nozare.lv. Pro Logistic Services ranked second with LVL 27.901 million and Kreiss was third with LVL 27.9 million in turnover, writes [...]
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airBaltic serves 251 000 passengers in October
In October 2012, Latvian airline airBaltic operated 4,141 flights, or 7% less than in October 2011 when airBaltic operated 4,467 flights. The airline carried 251,705 passengers in October. During the first ten months of 2012, airBaltic transported a total of 2,582,520 passengers. airBaltics load factor The airline’s load factor, which represents the number of passengers [...]
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