Latvia and Lithuania have the most efficient railroad systems in the European Union, railroad freight transport company "LDz Cargo" CEO Guntis Macs says in an interview with the "Dienas Bizness" newspaper today.

Freights are shipped through Latvia because of the high safety and quality standards here, which is proved by the positive financial indexes of "LDz Cargo" and an 18.2 percent increase in freight turnover in the first six months this year.

Commenting investments in "LDz Cargo", Macs notes that renovation of the company's rolling stock continues without taking out large loans. In the past two-and-a-half years, the company's rolling stock increased by about a thousand units, LETA/ NOZARE.LV reports.

"The Lithuanians are our fiercest rivals in the competition for fifth place in terms of freigth transportation, both in the EU and in the former Soviet Union territory. According to such indexes as workforce, freight volumes against infrastructure kilometers, Latvia and Lithuania are the most efficient railroad nations in the EU. Even Germany is behind us in this respect, furthermore, the Germans subsidize transportation in some sectors, which we never do."