Following the electricity shortage on the Baltic electricity exchange on August 16, the Lithuanian power grid operator Litgrid activated additional reserves, with the Panevezys and Elektrenai power plants starting to generate electricity on August 17. “Litgrid activated the Panevezys power plant from its cold state, as well as the additional reserve capacity in the combined…
China has not yet officially notified the Lithuanian Transport Ministry that it is severing transport ties with the country, Transport Minister Marius Skuodis said on August 18. “There are no official announcements, so I am reacting to this as a kind of rhetoric, which, in our opinion, is unjustified,” he said. In response to Deputy…
A tanker has taken 15,000 tons of Ukrainian sunflower oil out of Klaipeda, according to Bega, a stevedoring firm operating at the seaport. The cargo was loaded last week and is one of the largest Ukrainian shipments to depart from Klaipeda, Aloyzas Kuzmarskis, Bega’s board chairman, said on August 16. “This tanker is unique as…
Lithuanian leaders say the country has the right to choose its economic partners, whether it is a state or a region, in response to Beijing’s announcement that it is severing transport ties with Lithuania following its deputy transport minister’s visit to Taiwan. President Gitanas Nauseda’s office said on August 16 that China’s decision to end…
Lithuania’s minimum monthly wage “should increase by between 15% and 19%” next year, Mykolas Majauskas, chairman of the parliamentary Committee on Budget and Finance, said on August 16. “Accordingly, the government should calculate how much the non-taxable personal income threshold should increase so as to somewhat ease the burden on businesses, because a minimum wage…
The third and final stage of liberalisation of Lithuania’s retail electricity market will be delayed for at least a year, the country’s Energy Minister Dainius Kreivys said on August 16. “We will provide a specific figure later when we put the bill before the parliament. But the liberalisation delay period will be more than a…
Lithuania’s decision to give up nuclear energy “was a big mistake”, the country’s Energy Minister Dainius Kreivys said on August 16. Closing the Ignalina nuclear power plant in northeastern Lithuania “was a mistake made by all of us”, Kreivys told a joint meeting of the parliamentary Committee on Economic Affairs and the Commission for Energy…