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Transportation in Southern Europe

  • Brazil’s Azul invests in TAP – Air Portugal

    BRAZIL, 2016/03/26 Brazilian airline Azul made an investment of about US$100 million (90 million euros) in Portuguese airline TAP – Portugal, according to a statement posted on its website. “The investment will give Azul the right to hold approximately 40 % of the economic price of the Portuguese airline at the time of conversion of the security and next approval by the Civil Aviation Authority of Portugal,” the statement said. The issue of bonds convertible into shares, is occurring under the TAP recapitalisation plan agreed in June 2015 during the privatisation process of the Portuguese airline.

  • Ports: focus on Med logistics at the Sorrento

    GREECE, 2015/11/20 An executive project containing guidelines to build a logistics national platform, in particular in the south of Italy, to boost its competitiveness in the Mediterranean is the idea which may be supported by the EU 2014-2020 structural funds that Obi (Bank-Enterprises Economy and Finance Observatory) in cooperation with Assoporti and Confitarma will present Friday and Saturday during the course of the fifth edition of the Sorrento Conference, the international event that since 2010 brings to the city economists academics representatives of authorities, enterprise and finance. This year's edition will be centred on the theme of logistics and mobility in the Mediterranean with particular attention to the transport of wares.

  • Kazakhstan to increase cargo transit on China-Europe route

    CHINA, 2015/08/05 Kazakhstan Temir Zholy national railways company plans to transit 42,000 containers on the China-Europe-China route, and this figure is almost 40 times additional than in 2011. This remark was made by company President Askar Mamin at a conference dedicated to the Transport Workers’ Day on August 3. Mamin said that the additional volume of container transportation from China to Europe and vise-versa in 2014 allowed for an increase of revenues from transit traffic by 13.7 % compared to 2013, Kazakhstan’s Samruk-Kazyna National Welfare Fund reported.

  • EU Hails Balkan Transport Network Deal

    ALBANIA, 2015/05/04 The EU Commissioner for Enlargement and Neighborhood Policy, Johannes Hahn, on Tuesday said the “Western Balkan Six” conference in Brussels had reached agreement on a regional transport network. The EU is ready to allocate 130 million euros from pre-accession IPA funds for the project by the end of the year, Hahn told a joint press conference with EU Transport Commissioner Violeta Bulc. The funds will increase over the coming years, he added. Tuesday's summit, attended by the prime ministers of Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia, marked a follow-up to a similar conference held last year in Berlin.

  • Serbia, Hungary Seal Rail Deal at Belgrade Summit

    HUNGARY, 2014/12/18 The agreements signed on Tuesday form part of transaction to modernize the Belgrade-Budapest railway line, and the high-speed connection will likely be built through concessions or public-private partnerships, it was announced. The high-speed railway would benefit the nations of Central and Eastern Europe, the EU, and as well bolster cooperation between China and this part of Europe, the two prime ministers told the summit. The new rail link “will bring Serbia not only industrial and infrastructure development but as well better connections with Hungary, Macedonia, Greece and Europe and a faster flow of passengers and goods,” Serbia's Prime Minister, Aleksandar Vucic, told the media.

  • Kosovo Loses Hope of Getting Adriatic Sea Port

    ALBANIA, 2014/09/09 The Albanian transport ministry told BIRN on Tuesday that negotiations over awarding a concession for the use of the Shengjin port to China have been going on for the completed few months. "They [Albanian government officials] are currently talking with a Chinese national-owned company about awarding a concession on the port of Shengjin, but there is no transaction from presently on," said transport ministry spokeperson Genc Caushi. The port is as well expected to be discussed at a conference in China this week, which Albanian Prime Minister Edi Rama will attend.

  • Serbia’s newest charter service, Aviolet,

    SERBIA, 2014/06/01 Serbia’s newest charter service, Aviolet, has launched operations from Belgrade’s Nikola Tesla International Airport. Aviolet is fully operated by Air Serbia, Serbia’s national airline, and will serve destinations in Egypt, Greece, Italy, Spain and Turkey, during the 2014 summer season. Dane Kondić, Chief Executive Officer of Air Serbia, said: “There has always been strong request by tour operators for charter services in the region, particularly during the peak summer season. Aviolet was developed and launched to meet that request with a safe, reliable and comfortable service.” Aviolet will operate three Boeing B737-300 aircraft configured in a spacious 144-seat all-economy layout.

  • Companies from China are potentially interested in the privatisations of public transport concessions in Portugal

    CHINA, 2014/05/14 Companies from China are potentially interested in the privatisations of public transport concessions in Lisbon and Oporto and waste company Empresa Geral de Fomento (EGF), due to begin in May, Portugal’s economy Minister said in Shanghai. Interest from Chinese companies, according to António Pires de Lima, is an extra reason “to provide additional detailed data to potential investors in all the projects,” on this trip to China. The minister as well said that the Portuguese-Chinese mixed commission, due to be held in Beijing and attended by deputy Prime Minister Paulo Portas, was significant in this area.

  • The recurring insecurity at Tripoli international airport in Libya

    ITALY, 2014/03/31 The recurring insecurity at Tripoli international airport in Libya has forced Italian airline, Alitalia, to suspend, until the end of March, its flights to and from Libya, the director of the Libyan Civil Aviation, Nasser Eddine Chaib al-Ain, announced here Thursday. Rockets hit the major runway of the airport, resulting in the suspension of all flights for additional than six hours. Following this incident, Libyan civil aviation authorities diverted all flights to the military airport in Tripoli and the civilian airport of Misrata.

  • Greece has completed work on terms for an invitation to investors

    GREECE, 2014/02/23 Greece has completed work on terms for an invitation to investors to express interest in a 67% stake in Piraeus Port Authority, as Capital.gr website reports. Minister of shipping and the Aegean, Miltiades Varvitsiotis, said yesterday that the terms will be presented to the Greek Parliament “in the coming days and the sales process can begin 52 days afterward”. Greece's investment -sales program, Europe's major, is aiming to raise 11 billion euro by 2016, revised down from the 50 billion euro by 2015 originally agreed under the country’s initial international loan transaction in 2010.
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