Lithuania: Klaipeda Seaport takes part in exhibition and conference in Kazakhstan

LithuaniaBy admin 2018-09-20 Leave a comment

Klaipeda Seaport is being represented at exhibition “TransKazachstan. TransLogistic 2018” and conference “Transport and Logisctic Markets” organized in September 18-20 in Almaty, Kazakhstan. Klaipeda Seaport says it is an international event that opens new possibilities for companies to present themselves and to consolidate their position in Kazakhstan transport market, to disseminate information about their services…

Lithuania: Finance Ministry raises GDP growth forecasts

LithuaniaBy admin 2018-09-18 Leave a comment

The Lithuanian Finance Ministry has revised upwards its forecasts for the country’s GDP growth this year and next year. The ministry expects the economy to expand by 3.4% in 2018, by 2.9% in 2019 and by 2.5% in 2020. The forecasts are up from the ministry’s estimates of 3.2%, 2.8% and 2.5%, respectively, published in…

Lithuania: transport minister angry at Latvia

Latvia, LithuaniaBy admin 2018-09-11 Leave a comment

Transport Minister Rokas Masiulis says that Latvians’ demand that Lietuvos Gelezinkeliai (Lithuanian Railways, LG) pay them over 82 million euros for the dismantling of a railway track to Renge a decade ago has come as a surprise to him and more: it was “a stab in the back”, according to him. LG said that it…

Lithuania: tender to rebuild Renge section announced

LithuaniaBy admin 2018-09-04 Leave a comment

Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…

Lithuania: Palanga Airport on verge of loss-making

LithuaniaBy admin 2018-08-21 Leave a comment

Lithuanian Transport Minister Rokas Masiulis said he could not provide much hope for businessmen in the western port of Klaipeda, asking for a new German destination at Palanga Airport. According to him, a certain number of residents is required for new flights to be launched, and Klaipeda now has 150,000 of them, which is too…

Lithuania: Central Bank to assess information about Latvian VIA SMS Group

LithuaniaBy admin 2018-08-16 Leave a comment

Lithuania’s Central Bank has promised to assess information regarding Latvian VIA SMS Group working in the country. This decision is a reaction to the statement made by Seimas National Security and Defense Committee member Arvydas Anusauskas that people associated with former Parex Banka owners worked in that company. “Before issuing the aforementioned association a license…

Lithuania: Port of Klaipeda sues former CEO

LithuaniaBy admin 2018-08-14 Leave a comment

Port of Klaipeda had filed a 1.9-million euro lawsuit against its Eugenijus Gentvilas, former CEO of Port of Klaipeda, who is now a parliamentarian and chairman of the Liberal Movement party. According to the port authorities, the port suffered damage under his leadership, failing to pay to the builders in time. Gentvilas said he doubted…

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