The Baltics Today

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New “Pasazieru vilciens” board halts train procurement process

The new board at the joint-stock company "Pasazieru vilciens" (Passenger Train) decided today to halt the procurement of new trains for the company, saying that going on with the procurement deal would be damaging to the company's interests and financial situation, informs LETA.

Lithuania gets final approval to adopt euro next year

Ministers at today's European Union's General Affairs Council gave final approval for Lithuania to join the eurozone on January 1, Latvian Foreign Minister Edgars Rinkevics announced on Wednesday, informs LETA/AFP.

EU agrees to toughen sanctions on Russia - Lithuanian MFA

During the Foreign Affairs Council meeting on 22 July in Brussels, the EU Ministers discussed the crisis in Ukraine that has significantly worsened after the tragic crash of the Malaysian Airlines Flight MH17 in Donetsk, the territory which is controlled by separatists, the MFA said, informs LETA.

“Orkla” interested in acquiring “NP Foods” - LNT television

Scandinavian company "Orkla" is interested in acquiring the Latvian food production company "NP Foods", reports NOZARE.Lv/LETA reffering to unofficial information obtained by the LNT television channel.

European and state support brought Estonian company Elron giant profit

The 75.4 million euro funding by the European Commission and the Estonian government for buying new trains brought Estonian state-owned passenger train company Elron last year 68.6 million euros of profit, informs LETA reffering to Postimees.

In Estonia Omniva expands parcel terminal network by a quarter

Estonian state-owned postal company Omniva, formerly called Eesti Post, will expand its parcel terminal network in Estonia by a quarter, Äripäev Online cites the company, reports LETA.