Subsidising electricity and natural gas bills may cost the Lithuanian government between 500 million and a billion euros next year, according to Prime Minister Ingrida Simonyte. “No doubt, the government will limit that price hike, as it has done since July 1,” she said on August 23. “Next year’s budget is now being drafted and,…
The Bayraktar drone, crowdfunded by Lithuanians and handed over to Ukraine in July, is already carrying out combat tasks, Defence Minister Arvydas Anusauskas said on August 22. “The Bayraktar UAV Hawk about to perform combat tasks in Ukraine,” Anusauskas wrote on Facebook, posting a photo of the drone. “We cannot give more details, but it…
Lithuania produces three times less electricity than it consumes. One of Europe’s largest electricity generation deficits exacerbates the already soaring electricity prices, experts say. The origins of the issue – December 31, 2009, 22:54. That is when the second reactor of the Ignalina Nuclear Power Plant, which met 70% of Lithuania’s electricity need, was shut…
Vilnius’ famed hot air balloon flights may become a rarity, as new more restrictive rules are coming into force in autumn. Regulators say they are necessary to avoid air traffic disruptions, while businesses warn this will be a deadly blow to the city’s reputation as the capital of air balloons. One after another, loud fans…
Viada LT, a Lithuanian petrol station chain operator, has said it will terminate its station management contract with Amic Lietuva (formerly known as Lukoil Baltija), if reports about the group’s links with Russia are confirmed. Ukraine’s Economic Security Bureau has recently opened an investigation into Amic Energy amid allegations of possible tax evasion, alleging that…
Viciunu Grupe (Viciunai Group), controlled by Kaunas Mayor Visvaldas Matijosaitis and Liudas Skierius, says it has found five potential buyers for its Russian business. The group, however, refrained to estimate how long it would take to sell and transfer the business. On August 19, the company said that EY (Ernst & Young) experts had drawn…
Scheduled annual maintenance on the NordBalt electricity cable between Lithuania and Sweden has been put off for more than two months due to the difficult situation in the electricity market. The Lithuanian Energy Ministry said that Litgrid, the country’s power transmission system operator, had made the decision on the ministry’s instructions. According to the Energy…