Company briefs - 2011-04-28

  • 2011-04-27

The metallurgical company Liepajas metalurgs posted 1.9 million lats (2.7 million euros) in profit in the first quarter of 2011, according to the company’s unaudited financial report, reports The company suffered 6.5 million lats in losses over the same period last year. Liepajas metalurgs net turnover in the first quarter of 2011 amounted to 81.4 million lats, which compares to 36.6 million lats in turnover for the same period last year. Net turnover and profit grew due to increased prices of its production, according to the report. In the first three months of 2011, the company invested 8.8 million lats in modernization of its steel melting facilities.

Lithuania’s first electro-mobile charging station, which meets European standards, opened on April 22 next to the office of Kaunas District Municipality, reports ELTA. Elinta, the station’s builder, will allow a couple of weeks for the municipality to use an electric car to assess its advantages and economics. As Vilma Kasperaviciene, advisor to Kaunas district mayor, says, the municipality has undertaken to promote environmentally friendly transport and cover the electricity costs and the maintenance of the charging station, which should amount to around 50 litas (14.50 euros) per month. The charging station is experimental, and will be tested for a couple of months.

From June 1 of this year, Latvian railway Latvijas Dzelzcels, in cooperation with Belarus Rail, will begin a passenger rail line between Riga and the Belarus capital Minsk, reports The train will make stops in Latvia in Krustpils, Daugavpils and Indra, as well as in Belarus in Bigosova, Verhnedvinsk, Polotsk, Krulevscizn and Molodechno. The train will leave Minsk daily at 8:07 p.m. during the summer season, and will arrive in Riga at 8:00 a.m. the next day. The train will leave Riga at 7:00 p.m. and arrive in Minsk at 7:30 a.m. the next day. From September 1, the rail line will operate only on Saturdays and Sundays.