Lithuania: Lietuvos Gelezinkeliai joins Interrail

Lietuvos Gelezinkeliai (Lithuanian Railways) has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe. Linas Bauzys, director of the Passenger Transportation Directorate at Lietuvos Gelezinkeliai, says that the state railway company aims to improve rail connections with Western Europe. According to him, joining the Interrail system…

Lithuania: tender for GIPL construction started

Lithuania’s natural gas transmission system operator Amber Grid launched an international tender for the construction of Gas Interconnector Poland-Lithuania (GIPL). The deadline for submitting bids is August 8, according to the competitive tender notice on the European and Lithuanian public procurement websites. Amber Grid and its Polish partner, Gaz-System, in late May signed a grid…

Lithuania: more EU money to be attracted

Lithuania’s government will try to negotiate more of EU cohesion support for regional development after the European Commission suggested cutting such support by 13% in the new budget, Vice Minister of Finance Migle Tuskiene says. In her words, Lithuania will try to negotiate with other EU member states and the European Parliament for the support…

Lithuania: minimum wage to increase

A proposal to increase the minimum wage by 20 euros, to 420 euros next year has reached Lithuania’s Tripartite Council, which is set to make the decision later. The proposal was submitted by Gediminas Simkus, head of the Bank of Lithuania’s Economics and Financial Stability Service. Arturas Cerniauskas, chairman of the Council, representing employees, said…

Lithuania: Elektrum Lietuva expanding

Independent power supplier Elektrum Lietuva, a part of Latvian energy group Latvenergo, is launching a new business and will help residents and businesses to install solar panels this month already. Elektrum Lietuva CEO Martynas Gina says the company is the first on the market to provide such services. Elektrum Lietuva has been operating in Lithuania…

Lithuania: transport link between Klaipeda and Minsk discussed

During the meeting with Belarusian Minister of Transport and Communications Anatoly Sivak and Lithuanian Minister of Transport and Communications Rokas Masiulis discussed the successfully operating chain of Belarusian cargo transportation using the services provided by the Lithuanian Railways and Klaipeda State Seaport, as well as the outlook of bilateral cooperation in developing the necessary transport…

Lithuania: LNG terminal is a success story

Dominique Ristori, Director-General of the Directorate-General for Energy within the European Commission, visited a Klaipeda-based liquefied natural gas (LNG) terminal controlled by AB Klaipedos Nafta. Ristori praised an alternative gas supply model chosen by Lithuania, Klaipedos Nafta says in a press release. During a two-day visit to Lithuania, Ristori was interested in the targets of…

Azerbaijan and Lithuania to expand co-op in railway sector

Azerbaijan and Lithuania have reached an agreement to even more expand bilateral cooperation in railway sector, spokesperson for Azerbaijan Railways Nadir Azmammadov reported. The agreement was reached during a meeting between the head of Azerbaijan Railways CJSC Javid Gurbanov and Lithuania’s ambassador to Azerbaijan Valdas Lastauskas in Baku. During the meeting, the parties discussed the…

Belarus: BUCE accredits first non-resident broker

Nordic Industries (Lithuania) received trader and broker certificates of Belarusian Universal commodity Exchange (BUCE) on August 9, BUCE spokesman Roman Yaniv said. “Besides participation in exchange auctions Nordic Industries is expected to bring new Lithuanian companies to BUCE’s trading platforms and will promote commodity exchange services on the Lithuanian market. BUCE and Nordic Industries are…