Company briefs - 2006-09-27

  • 2006-09-27
The Latvian bus company Ecolines launched a daily trans-Baltic service on Sept. 21, providing a competing route to the Estonian carrier Mootorreisi AS (Motor Travel). The new service links Tallinn-Riga-Vilnius together on a single bus that travels through the three Baltic capitals. Ecolines was established in 1993. Based in Riga, the company has been serving Estonia since 2004 and operates international routes to Russia, Ukraine, Belgium, France, the Netherlands, Britain, Poland and Germany.

The Lithuanian investment firm, Hermis Capital received the green light from the Latvian Competition Council to purchase Latvian real estate developer Investiciju Uznemums on Sept. 21. Hermis Capital will manage the Latvian company together with its Ranga Group. Hermis Capital already owns stakes in a number of Lithuanian companies such as Vilniaus Vingis, Snaige, Kelmes Pienine, Lietuvos Kino Studija, Baltijos Vertybiniai Popieriai, BVP Investiciju Valdymas, Geonafta, as well as Norway's technical service company Kitron.

Estonia's Baltic Chemical Terminal announced on Sept. 21 plans to build a 45-50 million euro liquid chemical terminal in Sillamae, northeastern Estonia. The facility has a planned annual capacity of one million tons of ammonia and one-half million tons of liquid carbamide fertilizer. The Port of Sillamae will construct a 1.2 kilometer warf with four berths for the terminal. The warf will be 10-13 meters deep.