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…
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’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…
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’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…
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…
Ten Lithuanian meat-processing companies have been given the green light for exporting chilled and frozen beef and pork and beef and pork products. The Lithuanian State Food and Veterinary Service said that it had received confirmation from Hong Kong’s competent authority. The ten companies are Utenos Mesa, Agaras, Krekenavos Agrofirma, Pajurio Mesine, Agrovet, Biovela’s meat…