Thu, 19 Nov 1998: Summed up…



The U.S. company requested a lower price for electricity and asked to exempt it from equipment and raw material import taxes for 10 years. The Economics Ministry has not announced their stand on the discounts yet. Vladislavas Cibas, marketing director of electronics company Vilniaus Vingis, said Intel would not manufacture processors, but will produce memory elements in Lithuania.ESTONIA MIGHT INTRODUCE PROTECTIVE TARIFFS: A group of representatives from ministries and the Bank of Estonia handed several proposals for protective tariffs to the customs duties commission, headed by the Finance Minister Mart Opmann. Ene Maadvere, head of the Agriculture Ministry's trade bureau, said one of the packages proposes a zero tariff on all goods, while... Read the rest of this entry »

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