Company briefs - 2006-10-04

  • 2006-10-04
The Tegeo Grupp announced it would open in November a railway and transport logistics center in Lagedi, just east of Tallinn. Rikets, an Estonian operator of a chain of flower stores and a part of the Tegeo group, is also planning a second logistics center to serve the port of Paldiski. The logistics center in Lagedi will be 75,000 square meters and phase one of the project is projected to cost 130 million kroon (8.3 million euros). The Paldiski center will be 55,000 square meters. Existing buildings covering a total of 5,000 square meters are currently being renovated at the Paldiski site, with the rest being new construction.

Casino Planet, the gambling operator controlled by Achema Group, is planning to close one of its two casinos in Lithuania. The State Gambling Supervisory Commission gave permission to close the casino on Basanavicius Street, the first casino registered in Vilnius. Casino Planet also operates a casino in Palanga. It is estimated that gamblers lost 81.8 litas (23.7 million euros) in Lithuanian gaming establishments in the first half of this year, up by 42.6 percent from the year-earlier figure of 57.4 million litas.

Airbaltic has launched flights to Egypt. The Latvian carrier started flying from Riga to Hurgad on Sept. 30 and will launch flights from Riga to Sharm-el-Sheikh on Oct. 14. There are about 50 flights planned to both Egyptian cities during the winter season. "The flights will be launched in the fall and are planned till the end of April next year," said spokeswoman Vija Dzerve. Airbaltic President Bertolt Flick voiced appreciation for the cooperation with one of Latvia's largest tour operators. "After the launch of regular Airbaltic flights to Egyptian resort cities, travelers will be able to choose between the operator's offer or just a flight ticket." Tez Tour Baltic director Konstantins Palgovs said that this year the company plans to handle more than 5,000 passengers in cooperation with Airbaltic. He said that Tez Tour has had cooperation with Airbaltic since 2005, when flights were launched to the popular Turkish resort city Antalya.