Lithuania is ready to receive more cargoes from Belarus. The statement was made by Lithuanian Communications and Transport Minister Rokas Masiulis as he encouraged the Klaipeda port and Lithuanian Railways to do their best competing for contracts with Belarus. In a Facebook post Rokas Masiulis wrote that the amount of Belarusian freight handled by Lithuanian…
Placing floating solar panels in dams of hydroelectric plants Lithuanian Business Support Agency sees potential in the innovation and has granted 235,000 euros for the project at the Kruonis hydroelectric plant. The first stage of the project is scheduled to be completed by the end of 2021. State-owned enterprise Lietuvos Energijos Gamyba will be developing…
The Lithuanian Finance Ministry has revised its economic growth forecast for this year downward to 2.6%, from 2.8% previously. It also downgraded its growth projection for 2020 to 2.4% and that for 2021 to 2.3%, from the previous estimate of 2.5% for both years. In light of certain risks, the ministry forecasts that the country’s…
Ignalina Nuclear Power Plant (INPP), shut down a decade ago and now being decommissioned, invited bids for the construction of a 100-million euro near surface repository for low and intermediate level short-lived radioactive waste, known as the B25-2 project. The winning bidder will have to build two groups of reinforced concrete vaults for a final…
The Supreme Court of Estonia has dismissed an appeal submitted by the Lithuanian dairy company Zemaitijos Pienas against Estonia’s Estover in the string cheese trademark dispute, leaving Estover the right to sell its products under the name Piknikupulgad (Picnic Sticks). Zemaitijos Pienas, one of Lithuania’s largest dairy companies, first initiated a dispute with Estonian dairy…
The City Council of Vilnius has adopted the Lithuanian capital’s budget for 2019, with expenditure exceeding revenue by 5 million euros. The city’s revenue is expected to grow by 3.5% this year compared with 2018, to 611.717 million euros. Total revenue, including EU support and funds carried over from last year, is projected at 679.4…
Bankruptcy proceedings for the financially stricken Lithuanian airline Small Planet Airlines have been launched, with information from the Center of Registers showing that Vilnius Regional Court initiated them on January 7. Small Planet Airlines CEO Kristijonas Kaikaris said the move was aimed at securing protection from creditors as the company no longer received revenue after…