Lithuanian agriculture minister Giedrius Surplys has called on the European Commission to cover losses incurred by the country’s farmers from drought and swine fever. According to the minister, Lithuanian farmers are estimated to have incurred 0.5 billion euros in losses due to drought over the last summer. (BNN/Business World Magazine)
Lithuanian charter airline Small Planet Airlines has turned to a court in Germany, asking for the restructuring of its German subsidiary due to loss-making activity. The company says its expansion plans in Germany failed due to technical problems and flight irregularities. According to Vytautas Kaikaris, CEO of Small Planet Group, financial losses incurred by the…
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…
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…