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Company briefs - 2012-11-29

Nov 28, 2012

According to preliminary data for the period from January to October this year, the flow of airport passengers in Lithuania increased by 20.7 percent, compared to last year’s same period: in total, 2.7 million passengers arriving to and departing from Lithuanian airports were recorded, reports ELTA. The majority of passengers left for/came from the United Kingdom (22.6 percent), Germany (10.9 percent), Latvia (6.9 percent), Denmark (5.9 percent) and Ireland (5.8 percent). Compared to the first ten months of 2011, the number of passengers arriving from and departing to the UK increased by 37.3 percent. From January to October 2012, a total of 11,600 tons of cargo and mail were loaded and unloaded at Lithuanian airports, a 7.2 percent increase year-on-year.

The leading oil shale processing company in Estonia, Viru Keemia Grupp, laid the cornerstone on Nov. 20 to its modern oil plant that will increase the company’s oil production by a quarter, reports Public Broadcasting. The plant and infrastructure will cost 100 million euros and should be completed in two years. It will provide jobs for 70 people. The Petroter 2 oil plant will use new technologies perfected by Estonian engineers. The company’s first similar plant has worked for a year at projected capacity and soon the construction of a third plant using the same technology will start. Viru Keemia Grupp board chairman Priit Rohumaa estimated that the Estonian oil shale industry as a whole needs up to 2.5 billion euros of investments.

Lithuanian Railways Lietuvos Gelezinkeliai has established an office in China, in the second largest city by population – Beijing, reports ELTA. Deputy Director of Law and Personnel Department at Lithuanian Railways Vaidotas Balynas was appointed as the head of the office. “The decision to open a representative office in China was dictated by the general economic and geopolitical trends in the world. It will allow us to work more efficiently in the vast Asian-European transportation market, create new and develop already existing and highly successful company’s products, such as the container train Saule,” said Balynas. China is one of Lithuania’s most important partners in Asia. In 2011 the trade volume with China grew. Lithuania exported goods worth 199.4 million litas (57.7 million euros) and imported production which amounted to 1.6 billion litas.

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