Lithuanian Airports (LOU), the state-owned airport operator in Lithuania, plans to buy self-service baggage drop-off equipment. The airport operator wants to start using ten self-service baggage drop-off stations at Vilnius Airport’s new terminal scheduled to be completed until mid-2024, Marius Zelenius, head of communication at LOU, has said. It would be a one-step system that…
Foreign investors have approached the Lithuanian government about pressure they receive from China, Economy Minister Ausrine Armonaite has said. “We have received an appeal from an association of German businesses, addressed to the foreign minister and myself. We are in regular and direct contact with investors. These concerns were expressed to us some time ago,”…
The government earmarked 6 million euros for Lithuanian businesses affected by China’s restrictions. Finance Minister Gintare Skaiste said the money would help businesses boost their competitiveness and diversify markets. “Given the geopolitical tensions and the problems businesses are facing in China today, especially exporting businesses, we propose to provide 6 million euros from the European…
Lithuanian Economy Minister Ausrine Armonaite said she had no information on investors leaving Lithuania because of its soured relations with China. “We have information on investors’ concerns, but no investor has left Lithuania or has real plans to do so in the near future,” Armonaite said during the Government Hour in the Lithuanian parliament on…
A government panel says that the contract between Lithuanian Railways (LTG) and Belarus’ potash manufacturer Belaruskali poses a threat to Lithuania’s national security. The special commission vetting deals of strategic importance was asked to assess the 2018 agreement by Transport Minister Marius Skuodis. It was amended in October to allow Belaruskali make advance payments for…
Lithuania’s state-owned railway company Lietuvos Gelezinkeliai (LTG) risks falling under US sanctions as it continues to transport Belarusian fertilizers, Prime Minister Ingrida Simonyte has warned. She was commenting on LTG’s statement that it had received an official confirmation from the US Treasury Department’s Office of Foreign Assets Control (OFAC) that Washington’s sanctions against Belaruskali, one…
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has officially confirmed that Washington’s sanctions against Belaruskali, one of the world’s largest potash fertilizer producers and exporters, are not binding on Lithuania’s state-owned railways. Belaruskali, considered a lifeline for the regime of Alexander Lukashenko, exports a large share of its production via Lithuania. Lietuvos…